Are you facing repossession? You are not the only person in the country going through such situations - so relax. There are ways of stopping home repossession and I am sure you would be able to figure out one before your lender takes you to the court.

Fast property sale is the easiest and quickest way of stopping repossession. By selling your house fast you can easily clear your mortgage arrears and get rid of debt problems. But the problem is fast property sale is not an easy job any more.

Due to global recession, quick sale has become tough like anything. Most of the homeowners are sweating to find a buyer and to get a guaranteed property sale. Moreover, property price is falling rapidly; once your house goes in to negative equity the situation turns worse.

Here are some common problems that are bugging most of the sellers these days.

1] Broken chain or dropped deal

Broken chain is a serious issue of recent time. A lot of homeowners who are trying to sell their house are complaining that the chain is getting dropped suddenly leaving them in a clueless situation. The couple who got a confirmation from a buyer and started packing their things suddenly gets a regret letter from the buyer. Just imagine how painful this can be; a lot of sellers are facing this problem.

You cannot blame the buyers; since the lenders have introduced strict policies - they are not qualifying for home loans. Sometimes property agents generate low quality leads and they send buyers to your place without doing a proper credit check. If you are trying to sell your house with the help of an agent, make sure the agent checks the credit worthiness of the buyer before sending them to you for a viewing.

2] Low price for properties

Property prices are low everywhere; a lot of homes went into negative equity. So you cannot expect high price now. However, a little bit of renovation and decoration can help you get a bit of higher price but then the money that you spend for home improvement eats up a considerable chunk of your profit margin.

3] It is taking long to find a buyer

Individuals are not buying properties; hence it is taking long to find a buyer now. Even when you try to find buyers through an agent, it might take several months to get a buyer. Assured and quick sale appear next to impossible in present economic climate.

Cash buyers can help you stop repossession by selling house fast

Cash buyers are investors; they do not purchase houses to live in; they purchase houses as investment. Hence they would buy properties of any type and condition. No matter whether your house is in good condition or bad; whether it is vacant or tenanted - you can sell it to the cash buyers.

The main advantage of working with cash buyers is they offer guaranteed and fast sale. Once you accept their offer they can buy your house in a week or so. Moreover, they do not ask you to renovate the house thus bringing in some sort of savings. And by handing all the legal formalities they offer you a complete hassle-free property sale.