Do you fear that because of your changed income status (e.g. losing your job or death of contributing family member), the bank may foreclose on your property? If this does happen to you then you may need to consider selling. You may be able to use a delayed settlement and other flexible terms to ensure that you sell your house in the required time frame. With flexible terms and delayed sales, you can ensure that you get the best price possible in the fastest time frame.

There are many people who have a handsome salary package and yet they cannot get bank mortgage finance as they have found it hard to gather a deposit. When you face such a situation, you can find a number of buyers who would love to buy your home in which a 5 year delayed settlement time-period would suit just perfect. If this happens, you may let the buyer move into your house before the settlement period has been completed. In such a case, you are letting the buyer live in your house under a license to occupy the agreement. Such a buyer needs to settle in the next 5 years. Along with that, your buyer will have to pay for all the outgoing costs of the home for the next 5 year time-period leaving you in a position where there is no need to make any more payments on the property.

Now, you may wonder why would anybody wish to buy your house under flexible conditions? Well, some people cannot get the loan approval with ease even if they have a good income. By buying a house in such a way, they actually delay the payment over a 5-year settlement period. Within this time span, they can ensure they get the required funds together.  

There are various reasons for such buyers who will wish to buy your home, under such conditions as well. First of all, they do not need to apply for any bank loan. Secondly, even if they have any credit reporting unresolved issues, they get a good time-span to resolve them.

When they buy your house, they will pay the money directly to you so as you can pay the bank loan. On the other hand, with almost the same amount of money, they secure a house for themselves. That is why, when you find yourself in a seemingly impossible situation, you can help yourself and somebody else too to secure a home!