3 Disasters That Could Ruin your Home’s Value
The unending popularity of property shows has taught us that if your home is badly presented or poorly maintained it won’t get as high an offer, but what about if your home has been affected by something that wasn’t your fault? Often, the easiest way to solve a problem like this is to sell houses for cash as opposed to using an estate agent as they purchase homes in all types of condition. Take a look below to find out about the top 5 disasters that could ruin the value of your home and what to do if they’ve happened to you.
If you’ve already purchased a home and a rubbish dump, sewage treatment plant or power station is built nearby it’s very likely that it will devalue your home to a certain extent. Noise, smells and eyesores can all be deal breakers when it comes to selling privately. However, cash buyers will consider any type of home no matter where it is or what condition it’s in. When the surrounding area is changed and it affects the environment of the home, there’s always a risk your property will lose value. In addition to dumps, power plants and sewage treatment centres, buyers can also be put off by nearby wind turbines, roads or industrial buildings. However, a new road link or road improvement near you can add value.
2. Landslide Defeat
With the ever changing environment and more extreme weather, landslides, subsidence and erosion are becoming more common. Some people who bought a quaint Cliffside cottage 30 years ago have watched in horror as the cliff edge has grown gradually closer to their home, until they’re left with a dangerous and unsaleable property. When something like this befalls your house, there’s no way to get around a loss – but most private buyers, estate agents and auction houses won’t be interested in purchasing your home anyway. Cash buyers, on the other hand, will buy homes that need serious attention – even derelict properties or those with critical problems.
3. Bad Neighbourhood
Maybe you bought in an area that was supposed to be ‘on the up’ but never arrived, or perhaps the place you live in has gone downhill since you purchased. Whilst it’s true that areas can benefit from regeneration and push house prices up, the opposite can also happen – what’s more, not every prediction about which area will make a splash next is correct and when something like a housing crash occurs, everyone loses out. Unfortunately, market value is based mainly on location, so unless you physically pick up your property and move it to Chelsea, you’ll have to accept the ceiling on any offers you’ll get.
Choose a Cash Buyer
Selling through an estate agent or auction house is a long, laborious, stressful and expensive process – so when something has happened to your home that’s devalued it, the last thing you need is all that extra strain. Professional home buying companies like http://www.quicker-house-sale.co.uk will consider homes in any condition and in any area. In some cases a home can be sold in just one week, so you can wipe the slate clean and get on with the rest of your life. So why not get in touch and find out more about taking the weight off your shoulders by selling your home for cash.