With increasing marriage break ups and divorce, health problems, financial difficulty, and emigration, the UK’s housing market is on the decline.
Many people are stuck in chains and have property on the market for over 7 months before they sell, and when they do eventually sell they are hit with solicitors fees, HIPS fees, Estate Agent fees, not to mention the 7 months or more of mortgage payments they will have to make.
This is not a great situation for people currently on the housing market – but for the first time buyer, or no chain buyer this is a great time to buy the property you have always wanted as all offers are being considered.
But … for anyone who is facing problems with chains, or financial difficulty … there are ways in which you can sell your house quickly, and with the cash from it, purchase your dream house without all the wait. As a cash buyer the power to buy whatever property you like will be in your hands, at up to 20% below the asking price … and here is how:-
1. Forget the Estate Agents
Estate Agents are in the property business for one reason to make money. They don’t want to sell your property as quickly as they can, they want to make as much money from the fees they charge you as they can. So they will inflate the actual value of your house to trick you into believing they are the best company to sell with. Over a period of time when you are getting no viewing, and most importantly no sale they will slowly reduce the estimated market value of your home to a more realistic asking price. By this time you have already paid 4-5 months of mortgage payments and quite willing drop your asking price to sell your property fast.
2. Remember no chain and first time buyers get the property they want
To be in a position where you have no property holding you down, with months and months of negotiation, is a great situation to be in, in today’s current market. Property sellers quite willingly will accept offers far below the asking price if the buyer is not in a chain or is a first time buyer with the cash behind them as opposed to someone who is stuck with a house they have to sell before they can move.
3. Be realistic about your asking price
Everyone would love to get the price tag that the estate agents put on their properties, but in reality its not always possible because the asking price is highly overvalued to start with. There are many cash buyers and investors who make you an offer to buy your property for as little as 10% below the RIC’S asking price which is not a lot of difference really if you take into mind the costs of selling with an estate agent and all of the mortgage payments.
4. Sell, sell, sell !!!
Selling your house fast is relatively easy if you are realistic about the asking price. You need to sell fast to be able to move on, and be in the power position as a cash buyer as previously discussed. This doesn’t mean you have to take a silly offer 20-30% below RIC’S valuation, good property investors will make you an offer 10% below RICS, and you can bank the cash in days and move on to your next dream property … and offer 10-20% below valuation for it as a cash buyer!!!
Click here to, Sell my house fast to an investor today, and become a cash buyer for your next purchase in days!!!
ONEPORTFOLIO buying your home at true market value, giving you the cash you need in days for your next purchase.
Article Source: http://EzineArticles.com/?expert=David_Sessford
Another view
One of the most useful ways of finding below market value properties is to buy leads from reputed lead sellers. This allows you to choose from several potential bmv property deals. At the same time, you might want to know about other options to hit upon motivated sellers and find property investments at a good bargain. Here are some tried and tested ways of increasing your leads to sellers:
An extremely acceptable method of sourcing BMV property leads is Leafleting. Most successful investors use it. All you need to do is simply design a leaflet that has the following features:
- Use an A5 size leaflet – The most widely used paper size.
- Print information in black and white – This is cheaper and there are no special benefits of opting for colored printing.
- Provide the vendor a list of benefits that you offer.
- Clearly aim the leaflet at the target audience identified in your strategy.
- Ensure you print your contact details.
- Highlight a clear call to action.
The next step for you is to print the leaflets and select distributors to spread the leaflets in your target area. You should redeliver leaflets every four-to-six weeks, since it has been seen that repeat deliveries are extremely effective. And then simply wait for the response.
Another valuable source of property deals, even for the BMV Property investor, is the Estate Agent. While leafleting may or may not hit the target, estate agents are in contact with motivated sellers all the time. Your job is to get estate agents to reveal this information to you and it is your people skills and relationship building that will work in this sphere. You cannot just walk into the office of an estate agent and walk out with a bmv property deal. What agents are looking for is actual sales – not just some big talk from investors. If you are able to give them what they want, you will be in a good position to get what you really want. If you are active and committed, there is a greater chance that you would get an agent’s attention. After all, buying property is for the strong hearted.
You can also choose to use Internet Pay-Per Click, a hugely popular option for net savvy investors. Your website is set up in a manner in which traffic comes to it and then you can buy traffic. By using services such as Google AdWords and/or Yahoo, you can set up an account and formulate a small online advertisement. You then bid on keywords that people are likely to use in their search for buyers. If your advertisement comes near the top, web visitors will click on it and will be directed to your site more often. They can then fill out an online form to sell off their home. Only when someone clicks through to your site do you need to pay.
You can also source leads through networking. Forums such as [http://www.pipafporum.com/membership.htm] and Singing Pig offer a platform for you to meet professional as well as amateur lead sellers posting BMV property leads. You can also come across individuals seeking to pass on leads that do not interest them. Property-networking events also help you build rapport with other bmv property investors who share your views. Rather than dealing with strangers, an investor would much rather pass on leads to someone they are acquainted with and like.
Auctions are also becoming a popular method of gaining leads several investors. BMV investors had stopped venturing into auctions after the boom in property investment, with the auction rooms being packed with inexperienced and much too eager property investors, who are ready to pay higher than market value to buy property. You might just hit on a good bargain at an auction, provided you are alert. On the other hand, if you are seeking a No Money Down (NMD) deal, auctions are not the right place to go to.
Robert Clark is the owner and founder of Rapid Property Investment, a company which helps property investors to find Below Market Value properties in the UK.
You can find for a complete list of their current property investment bargains at http://www.RapidPropertyInvestment.com
Robert is also a contributor to Property Investment Tips.co.uk a popular property investment blog which features news, interviews and articles designed to help you to make more money from your property investment business.
Property Investment Tips.co.uk is a great source of free information for new and experienced property investors alike.
http://www.PropertyInvestmentTips.co.uk/
Article Source: http://EzineArticles.com/?expert=Robert_Clark
