Sell, Rent or Buy: Which is Best for You?

When considering your next move in the property market, it pays to look at your options and decide what is best for your circumstances.

Here at Swift Capital, we have drawn up a few points to consider before you sell, rent or buy.

• Make sure you budget for all the costs of moving house – you may be surprised at what you miss. Remember to ensure you factor in:

1. Removal fees. With petrol prices at an all time high, many removal firms are feeling the strain. Don’t be surprised to see rates go up in the near future.
2. A deposit and/or months rent in advance. If you decide to rent you may have to lay out a large lump initially to secure the property.
3. Estate Agent fees. Depending on the value of your property, the amount you pay an estate agent will vary.
4. Storage fees. If you are moving to another country for a period of time, or considering renting, you may have to put some of your larger belongings like furniture in storage.

• How easily will you be able to sell your property, especially in the current slow market.

• Ensure you check the notice period on your rental lease. That way you can react to the market when it picks up again.

• Keep any proceeds you make from a house sale in a high interest savings account.

• If you decide to rent for a period of time, put your name on the electoral role to allow you to maintain your credit record.

With these points in mind your property headaches could be severely reduced, but there is also another way for you to raise cash quickly whilst staying on in the property you have made your home. Swift Capital are the market leaders in Sell and Rent Back Arrangements, a unique offer whereby we buy your house quickly for cash, giving you the option to stay on as a tenant for as long as you need. You can even stay in the property for life.

With no extra fees or hassle (for example estate agents fees, home information packs and removal costs) a Sell and Rent Back Arrangement from Swift Capital help you raise the money you need – even when the market is slowing down or declining. We typically offer around 70% of the market value of your property – with some of our arrangements giving you 100% of the market value should you wish to remain as a tenant for a period of time. Call us today for more details.