Wednesday 22 August 2012

How Nice is Your House Price?

Remember when you first bought your house? Was it a bargain? Perhaps you got a fixer-upper and never quite got around to fixing her up. Or maybe to the contrary, you found a gem of a property that’s fallen into disrepair over the recent years, looking more like the Alton Towers Haunted House of Horrors than the pristine white picket-fenced beauty you originally fell in love with. Whatever your situation, you’d probably like to know what it’s worth now, maybe out of simple curiosity, maybe out of desperation.

Perhaps you are one of the lucky ones….living a relatively comfortable lifestyle, able to keep up with your mortgage repayments and still enjoy your life to the fullest. You would like to move, but knowing the current trends of house prices, you are hanging in there until the shit storm passes. You do this because you can.

Maybe you fall into the unlucky category. You struggle to get by month to month and keep up with your mortgage repayments. Life seems to have gone down the pan, there are no more trips to the pub and holidays in the Algarve and the kids' Christmas presents will be fished out of a car boot sale this year. You’d love to get rid of that ball and chain of a house but you know the likelihood is that you will be waiting until at least the next Olympics to see a rise in it’s value. Repossession threats are looming and you just want to cut your losses and get out.

Whether you fall into category A or category B, getting an accurate estimate on your property will give you the edge in this game, and you may even find yourself pleasantly surprised. There are an ocean of options when it comes to evaluating and selling your property but not all of them will be beneficial to you.

The most important first step is to ask “How much is my property worth?” and with this ammo, you will be equipped to make the best decision. If you are facing repossession or you worry that it may soon be on the cards, remember that you have the option to sell your property for cash. It might sound like an off the wall idea at first, but it is becoming more and more popular and can be a great escape from your current financial pain. You first get a free evaluation and if you like what you see, you sell up, move on and count your blessings. If the price is not so nice, you are always free to go elsewhere, wait it out and keep your fingers firmly crossed. 

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