Why Do We Buy Homes For Cash?

Well obviously we buy homes for cash in order to make money by selling the homes we buy for more than we pay for them. It is as simple as that and simplicity is something that many more people are coming to appreciate. From the homeowner, soon to be home seller point of view, simplicity is what they get when selling their homes for cash. The present day UK housing market is fraught with complexity and confusion and is being made ten times worse by government interference.

Which magazine has recently slammed the government for its ‘half-baked’ decision to delay a vital part of forthcoming Home Information Packs (HIPs). The government said the introduction of a ‘home condition report’ – the survey part of the new HIP - will need further testing, a move that has lead the consumer magazine to withdraw its support for the packs, due to start in England and Wales in June 2007.

Consumer champion Which accuses the government of caving in after increasing pressure from the property industry because recently there has been a barrage of anti-HIP reports in the press.
In a letter to Ruth Kelly, Which said: ‘the home condition report was an essential part of the HIP. It seems extraordinary that the first major decision by your new department is to reduce the consumer benefits of a flagship policy because you have come under pressure from the industry, including estate agents.'

‘Clearly your concern over misinformed headlines has led you to conclude that the industry interests should dominate. This half-baked compromise will result in something that is of little value to consumers.
Which had been a supporter of the Home Information Pack (HIP) 
scheme for its potential to speed up and revolutionize the house buying market where 30 per cent of property sales fall through every year, costing an estimated £350 million annually.

There is no need for HIPs when you sell your home for cash because it is a private sale. Imagine that, no surveyors or valuation fees or useless paperwork.

Add to the HIP debacle the worldwide credit crunch, plummeting interest rates combined with spiraling mortgage costs and soaring repossessions and selling your home for cash never made more sense. Selling your home for cash is quick and simple. There are no estate agent fees, no valuation fees, no legal fees and it can be done in less than two weeks. You do not even have to move home if you take up sell your home for cash and then rent back from the buyer. So there are no moving costs and no searching for a new place to live no worries at all in fact. Ask yourself what is that simplicity and peace of mind worth to you.

For the sake of your sanity see what simplicity and peace of mind can be had when we buy homes for cash.

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