Hope for homeowners in trouble

For homeowners, there can be few things as devastating as being unable to pay your monthly bond instalments, having your property repossessed by the bank and having your credit rating badly damaged.

But fortunately, says Berry Everitt, CEO of the Chas Everitt International property group, some help is now at hand for those who through circumstances such as job loss find themselves in this terrible position.

“This is the Quick Sell plan introduced by FNB Home Loans to help both desperate sellers and serious buyers.”

Writing in the latest Property Signposts newsletter, he explains that Quick Sell enables homeowners who are in trouble to voluntarily sell their properties quickly through FNB partner agents.

“In turn, these customers avoid repossession of their properties and damage to their credit rating, which means they can get on with their lives without having to carry a debt burden they cannot manage.”

A minimum reserve price is established on each Quick Sell property and buyers, introduced by the FNB partner agents, are offered bonds up to 100%. Such buyers also receive a 50% discount on transfer costs and bond registration, while the agent’s commission is paid by FNB.

“And, as one of the real estate partners in the programme,” says Everitt, “we can attest to its success. Since mid-May, we have sold more than 62 properties around the country on the Quick Sell plan, worth a total of about R41m.”

To learn more about the Quick Sell Plan visit www.quicksell.co.za and to view Quick Sell properties visit www.ChasEveritt.co.za

Article by: www.chaseveritt.com