Russell Bowyer, Author at Bowfin Property

What Happens If You Can’t Sell Your House? (11 Solutions That Work)

By Russell BowyerPosted in NewsTagged What happens if you cant sell your houseNo Comments

Are you worried about what happens if you cant sell your house? Perhaps you can’t sell your house for what you owe on a mortgage. Also, it may be that you don’t have the money to cover the difference between what you owe vs what your home is worth. There are a number of solutions available to you. These include lowering the price, changing your estate agent, a quick sale to a ‘cash’ buyer, making cheap but effective improvements, plus a few more.

Selling Your House On A Lease Option (Are Lease Options A Good Idea?)

By Russell BowyerPosted in Help to buy a property, Help to sell my property, Property discussion, Property investmentTagged Are lease options a good idea, Selling my house on a lease optionNo Comments

If you are trying to sell your house and need to achieve a certain price. If you the difficult situation where you really can’t reduce the sale price of your house. A lease option will usually allow you to sell your house at the price you’re looking to achieve. A lease option will give you the opportunity to move on and avoid your becoming a landlord and having to rent out your property to tenants yourself.

Do All Houses Sell Eventually (Why Isn’t My House Selling UK)

By Russell BowyerPosted in NewsTagged Do all houses sell eventuallyNo Comments

The answer to “do all houses sell eventually” is yes they do, but only at the price equilibrium point. The price equilibrium point sounds a bit fancy, but all it really means is the optimum market price that will generate the right demand for the house to sell. Which means there needs to be a willing seller who meets a willing buyer. But the price has to be set right for the type, size, location and market conditions for the house to sell.

What Does It Mean To Have Equity In Your Home? (How Home Equity Works)

By Russell BowyerPosted in NewsTagged How do you know if you have equity in your home, How much equity do I have on my house, What does it mean to have equity in your homeNo Comments

Your home equity is the difference between the fair market value of your property, less what you owe on your mortgage and/or loans secured on your home. But how how much equity do you have?

How Do You Sell A House That Requires Major Repairs In The UK?

By Russell BowyerPosted in Help to sell my property, Property discussionTagged How do you sell a house that requires major repairs, How to Sell a House in Need of Repair in the UKNo Comments

How do you sell a house that requires major repairs UK depends on whether you want to do the repairs or not.

You may not be able to afford the repairs, in which case you are better to sell at auction or direct to investors.

What Are The Tax Implications Of Buying A House Before Selling?

By Russell BowyerPosted in NewsTagged Tax implications of buying a house before selling, What are the tax implications of buying a house before sellingNo Comments

The tax implications of buying a house before selling include potentially Capital Gains Tax (CGT) when you sell your old house.

This is because it will no longer be fully covered by Private Residence Relief. Income Tax on the rents you receive from your old house if you become a landlord. Plus an extra 3% Stamp Duty on the new house you buy, which is over and above the standard Stamp Duty rates.

Author : Russell Bowyer