Have you longed to get into the very lucrative property market but never had the opportunity and or lacked the capital to buy your way into it ?
The private and commercial property industry is probably the largest and most profitable business in the UK and is responsible for creating some of the most wealthy and sucessful people in Britain.
It is therefore only natural that, as you are reading this information, you want to be part of this huge wealth creating industry.
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Where and how you can source property for 20 - 30% less than
asking price !You are probably aware the housing market is very uncertain at
the moment. On the face of it this doesn't seem like
a good time to be buying property. BUT THAT'S
EXACTLY WHY IT IS. Prices are falling for the
first time in over a decade. If you have some equity
in your house, are a first time buyer, or are worried
about your mortgage and want to downsize AND
make some cash( IDEAL FOR RETIREE'S) - this could be a very good time to
get a property bargain.
An associate of mine who paid £78,000 for a small
detached house eight years ago. He's just sold it for
£249,500 and bought another place for £170,000.
OK, he's had all the hassle of moving and the place
needs doing up. But do the maths. He's now living
in what's essentially a FREE HOUSE. Worth
thinking about.
Now, to take advantage of the present housing market here are a few tips and secret sources for discount house sourcing:
* Revise your outlook on the property market ....
downwards. Some properties on the market today
are only worth 20%-30% LESS than the asking
price. With planning and persistence, you can get
them for that.
* Forget estate agents. The majority of them are still
thinking of their commission and pricing every
house on their books at top whack. Plus they often
have 'friends' who snap up any giveaway bargains
before they even get into the window.
* Aim to look for sellers who need to sell right now.
People with money troubles, relationship problems,
ill health, retirement looming. Sad yes but a fact
of life. Professional property investors call these
people MOTIVATED SELLERS.
* Aim to buy DIRECT FROM SELLERS if
possible. It should be easier to clinch a deal, plus the
seller saves the agent's fee so can cut you an extra
discount. Here are some sites where you can buy
direct - Homes On Sale:
http://www.homesonsale.co.uk.
My Property For Sale: http://www.mypropertyforsale.co.uk
Properties Direct: http://www.propertiesdirect.co.uk
(Allsop have a good auction buying guide for
newbies on their website). Barnard Marcus and
associated companies at
http://www.barnardmarcusauctions.co.uk
Countrywide Property Auctions at
http://www.countrywidepropertyauctions.co.uk
* Auction buying myths debunked: There's no
secrets about bagging a property bargain at an
auction. The main thing is to know is that
the sale goes through automatically 28 days
(typically) after the auction. So you need to have a
mortgage offer (and a survey if you want one) lined
up BEFORE you bid, or of course have ready funds available !
Now is a great time to take the plunge and secret source a property
as there are going to be some great moneymaking and
investment opportunities coming up, so give it some serious thought
and the Best of Luck ! Profit in Property
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- Learn the six golden rules of making money from property
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- Learn the difference between a property developer, operty trader and property investor, so that you can pick which one is right for you to become
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March 2008