Yes, there is and you would be surprised to find out that in fact, properties all over the UK are selling at a price lower than their true market value. Whether you have extensive experience in property investment or you’re someone who is just about to take on the first step up the property ladder, you should always aim to buy investment properties below market value. This technique should be the core of your investment strategy to maximise profit and returns. There is indeed a way to buy a property as cheap as possible. And there is just one way of making this happen.
For the professional property investors, buying below market value is the best, if not the only, way to go. However, this mantra is often easier said than for many novice investors. So what is the easiest way to abide by this rule in the midst of soaring prices and interest rates? That is where the golden rule of successful property investment comes in.
The golden rule of buying a prime property below market value is to buy from distressed or motivated sellers. These sellers could be couples going through a divorce, relocating abroad, facing a repossession, relatives of a property owner who has died, or some other personal reason. The common denominator among these distressed sellers is their motivation – they want to divest themselves of the property fast and easy so they could convert their asset into cash.
Since they need a quick sale, they are very willing to offer the property at a very reasonable and attractive price. These people do not have the luxury of time to wait for the many months needed to complete a normal property sale. For couples going through a divorce, chances are they want to get rid of their conjugal home as quickly as possible so they can move on with their lives.
For some of the distressed and motivated sellers, money is not their top priority. Time is of the essence for most of them, as they just want to get the property off their hands as quickly as possible. Therefore, as a buyer, you have to cater to the seller’s unique and individual needs. Find out their real motive for selling and try to meet those requirements.
Many of the properties sold below market value are priced at least 20% below the current market rate. Moreover, since most of them are quick sales, the property will be in your hands in a matter of weeks – faster than if you take the usual route of a traditional property sale. In fact, this is the trade secret of many successful investors and where most of them make their money from. Indeed, acquiring a property investment below market value is definitely advantageous for both the motivated seller and you as the buyer who ntends to convert it into a property investment.
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Parmdeep Vadesha is a property investment expert and founder of the largest community of property entrepreneurs on the web who buy below market value properties from distressed homeowners facing repossession, divorce and bankruptcy. He writes a monthly newsletter for over 70,000 property investors worldwide - http://www.Property-System.com
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