Buy My House

There is further bad news for those looking for cash for house. According to the Centre for Economics and Business Research (CEBR), they forecast that house prices will not get back to 2007 levels until 2013, and will fall by a staggering 25 percent by the end of 2009. The impact of this would be approximately 2.5 million home owners facing negative equity.

It is now believed that almost a third of properties have been on the market for longer than 6 months, with 12 percent unsold since the start of 2008.

Heres a snapshot of the figures regionally (courtesy of the BBC):

• Aberystwyth - 70 percent of homes have been on the market for over 6 months
• Merthr Tydfil - 62 percent of homes have been on the market for over 6 months
• Rochdale - 52 percent of homes have been on the market for over 6 months
• Shrewsbury - 49 percent of homes have been on the market for over 6 months
• Oldham - 48 percent of homes have been on the market for over 6 months
• Liverpool - 41 percent of homes have been on the market for over 6 months
• Bristol - 25 percent of homes have been on the market for over 6 months

These figures are so high because vendors are still reluctant to drop their prices to a realistic level, are are not adapting to current conditions. But were does this leave you if you are looking for cash for house.

This all suggests that you would be wise to sell now rather than later before prices fall any further. But how can you secure a quick sale in this market. You can get a 4 week sale, guaranteed, from a fast house buyer.

Buy My House is a fast house buyer that will buy your home to this timescale or to within a time frame that suits you, with no waiting for over 6 months or more. This will therefore save you both the time and hassle of an open market sale together with all those months of mortgage payments.

If you would be interested in cash for house then please contact Buy My House today or click here to fill in the online offer form.