Posts Tagged ‘Climate’

Most people, at some point when considering building for their future, will consider investing in property and there are sensible reasons to invest in property, and then there are not so sensible reasons.

For example, right now we are experiencing the “bursting” element of that famous property bubble so if you’re choosing to get started in property investing at the moment, you must question whether you’re getting involved for the right reasons, or, with the right strategy. If you are considering property investing for the “right” reasons – and you know your risks – there is every chance that your property investment will be a profitable one.

In the current climate, it’s prudent to look at some of those “right reasons”.

1. Speculating or Investing

Land Banking, is SPECULATING, with the exception of buying land, with planning permission, specifically to build something. Investing in property to collect rent is INVESTING. Take a look at SPECULATORS who bought up dotcom stocks around 2000, and lost all their money when the underlying companies never did any business, and the SPECULATORS lost everything. Then take a look at INVESTORS who bought commercial property with high rental yields and collected the income whilst their assets rose in value. INVESTING is safer and smarter and it is vital to know the difference, although the odd speculative gamble here or there never hurts as long as the risk is calculated and acceptable.

2. “Property Values Will Always Rise – in the Long Term”

Don’t believe this dangerous myth! Over the last ten years property prices in Japan have fallen by nearly 60%. At present property markets the world over are suffering monthly losses in capital values. Expecting your property investing to go up in value is a mistake. Making sure you are buying with good value and ensuring your property investment makes sense from a positive-cash-flow perspective is essential in terms of knowing your risks, if you aren’t aware of these things then you are SPECULATING again. If the value of your property investment falls, you can sit it out and wait for a rebound as your cash flows are positive. You should consider any capital appreciation to be a happy bonus when it comes to speculative property investing.

3. Getting Started in Property Investing with Residential Property

It’s can be easier to understand, purchase, and manage than other types of property such as commercial. If you already own your own home then you have some experience of the purchase process etc. If you venture outside of your field of knowledge, take some advice.

4. Truthful Real Estate Investment Advice: Don’t Believe Everything You Hear or Read

Estate Agents have a vested interest in parting you with your capital. So they will generally give you the best bits, not the cold harsh reality. At David Garner Consulting we only ever recommend an investment to a client if we have made that investment ourselves, with our own money. And our property buying syndicate allows investors to take part in a bulk purchase along with other investors to help negotiate Below Market Value prices and other preferential terms. E.g. We will source a developer with completed houses he needs to sell, we will offer to buy 10 and negotiate a price between 15% to 20% below the valuation and ten members of the syndicate, including ourselves, will buy one, giving each individual the buying power of ten.

5. Where To Buy

Yes I know, location, location, location! And to an extent it’s true, but don’t forget that I have seen some stunning locations with over-priced, over-supplied property that won’t rent or resell for a profit. Remember the location does not mean you have to like it, I have bought and sold property in some horrible areas, but I’ve turned a healthy profit on each and every one.

CLICK BELOW to download your FREE GUIDE to property investing

http://www.davidgarnerconsulting.mfbiz.com/investingguide

David Garner is Managing Partner at David Garner Consulting and Senior Portfolio Manager at BRIC Group.

Author: David D Garner
Article Source: EzineArticles.com
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With a slow economy and sluggish housing market it can be difficult for houses to sell. Estate agents have more houses on their books that are just not being sold, some properties go from agent to agent and just do not get any interest because they are not in a prime area.

The problem is that if you need to sell your house quickly then approaching an estate agent is probably not going to get you a quick sale. However there are property investors looking for houses to buy even if they are in a poor state or are located in difficult areas.

There are many different reasons that people need to sell their homes quickly and with a sell your house and rent back scheme they can exchange contracts within 48 hours. You can choose to sell your house and pocket the money or you may want to rent your property back so you can stay in the family home.

When a parent dies and they have lived in their own home it can often be difficult to divide up the estate if there are several children. Often relatives do not want to stay in their parents home for personal reasons and just want to sell as quickly as possible maybe to pay for funeral arrangements. With a sell and rent back option you can sell the home to an investor who will pay any of your expenses associated with selling the house and pay you cash.

Sometimes you may need to sell your home quickly, it may be that you are in a house chain and need to sell your house fast so as not to lose the property you are buying. You could be in a position where you need to move abroad or move to another part of the country, maybe to be closer to relatives. In these situations you need to be able to sell your home very quickly and possibly need to complete in less than a week.

A common problem in this current climate is that people are facing repossession of their homes due to mounting debts or because they cannot keep up with the mortgage payments.

When you are facing losing your home because of a looming repossession one of the only options you can save your family home is with a sell your house then rent back scheme. A property investor will offer to buy your home quickly, often times a repossession notice means that you have a limited time period to act.

You can sell your house for a cash offer which you can then use to pay off your debts or mortgage. You then have the option to stay in your family home as a paying tenant on a rent back basis. If you are having financial problems due to unemployment some specialist investors will offer rent free periods so you can get back on your feet.

Find out how a Sell House, Rent Back scheme can help you at http://www.SellHouseRentBack.org.uk/

Author: Allan Burns
Article Source: EzineArticles.com
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During this credit crunch time, “I want to sell my house” is the cry of many a householder for various reasons. Whether your wanting to move to a bigger, or smaller house, if you’re relocating, or if you have mortgage arrears that are spiraling our of control, selling your house is going to be a major part of seeing your goal realized.

Having spoken with a number of estate agents and property buyers, including estate agents in London, here are the main points you want to consider when its time to sell your house:

1. Determine where you want to go. What’s you’re ultimate goal in selling the house? What will you achieve by selling the house? It always helps to write this down and have it in a prominent position in your home, so you are reminded of your goal. Determining what this goal is will also help you decide how much you need from the house sale to achieve your goal. “Sell my house for the highest price I can get ” is not really a goal because even if you get the highest price for the property, will that help you achieve your goal? How much do you really need from the sale of the house?

2. Get your house valued. This will help you determine How much you can reasonably expect from the sale of your house in the current climate. In this current “credit crunch” environment get 4 maybe even 5 estate agent valuations. This is because house values can fluctuate with each agent, so you want to get a good idea of the average price you can expect to sell at. Do your own research by talking to your neighours, either those who are selling, or those who have moved into your immediate area, and ask them what value was placed on their house.

3. Determine the right estate agent to work with. You need to work with an estate agent who is going to be proactive in selling your house. He or she will need to be looking for people who want to buy houses like yours, and this will mean you discussing your requirements with them. If the estate agent knows what you need to achieve, he can try to find buyers that meet that criteria.

4. Make your house presentable! First impressions are key to a succesful house sale. You may need to spend some money in making your house “look nice” for a potential buyer, but you should certainly make the effort in terms of “elbow grease”. This will include giving some areas a lick of paint to make areas more clean looking, decluttering flat surfaces like shelves and cupboards, and ensuring that each room has an air of spaciousness about it. Give high priority to your front garden or balcony, if you have one. Even before a prospective buyer sets foot over the threshold of you door, they will have made a buying decision based on the impression given at the front of your property. Probably the best way to prepare is to go around the house, making a list of all the things that would turn you off buying the house. Then plan for a seven to ten day clean up, dealing with all the areas that you can manage. This will make a significant improvement on your ability to sell your house, and the price that you will get for it.

5. No Offer is a silly Offer! Even if the offer is below market value, once it actually meets your own criteria in terms of what you need, then you’re a winner! Unfortunately, the market is shrinking all the time, and so are property prices with it. This means, If you know what you need from the sale of your house, and you achieve it, then you are in a better position than some who are holding out for as much as they can get, yet seeing that amount dwindle away on a daily basis.

Colin Baptiste has a keen interest in property investment in the UK. Many people in todays credit crunch are asking how do I sell my house in this current market? Visit his site and get a Free Report on selling your house

Author: Colin Baptiste
Article Source: EzineArticles.com
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Going through the process of selling a home can be a daunting and expensive task but it is perfectly possible to sell your own house without enduring the high expense of estate agents. There are few tips and tricks that need to be followed whether selling yourself or through an agent if you want to make a quick and effective sale, especially in the current climate. But ultimately there are the resources out there to do it yourself.

Typically one of the main issues endured when someone wants to sell their own house on top of the expense is lack of control and information. Having direct contact with the buyers and the solicitors without having to go through a third party can reduce the overall stress, and any issues can be dealt with promptly and effectively. Get the basics right and the sale of the house may even be an enjoyable process if done privately.

1. Prepare the home – it is always important to make the house look appealing. If the garden is messy and worn from children playing give it a makeover. If one of the rooms is half decorated or in dire need of it then do it. If the bathroom suite has seen much better days then fit a new budget suite. If the rooms are full of clutter then tidy away or rent a small storage unit. These are all guesses but the first impression a potential buyer has determines the outcome, so be honest with yourself about how you would feel if you were the buyer doing the viewing. If the house has issues then that either puts off the buyer, or makes them feel they have a chance of knocking down the asking price.

2. Get the price right – the boom days are gone and the sale price has to be realistic. Look at local house prices, and get a couple of estate agents to provide a free valuation. Look at sites like Property Snake to see how prices are dropping off in your area. The important factor when you sell your own house is to be realistic, be competitive and position your property at a level that is going to bring the most interest.

3. Get on the market – A simple search on Google for ‘sell your house’ or similar will bring up numerous companies that will assist you in marketing and selling your own house. A good stating point is HouseWeb which offers a comprehensive solution when you come to sell your own house, including HIPs, removals, solicitors etc. The key is to research and find an online business you are happy to deal with, that offers all the resources, guides and support you need.

4. Praise your location – no matter where you are living and no matter how desperate you are to sell your own house and move give the potential buyer something positive. Of course you have to be honest when it comes to disputes but if you have nice neighbors then tell the buyer about them. If you live near a beauty spot then describe it and how near it is. If there are good community activities let them know. Buyers also like to hear about the local schools. Give the buyer a reason to like the location as well as the house.

5. Offer Information – keep recent bills handy so you can show the buyer. Let the buyer know straight away what is included and what is not included in the sale. If there are any really obvious defects or problems with the property then let the buyer know. This saves any misunderstanding or hassle with negotiating at a later stage.

You may find some of these tips are identical when selling through an estate agent as the agent may leave you to show the potential buyers around yourself. There are alternative options when you want to sell your own house and that may mean doing it yourself. It may save a substantial amount of money and give you full control over the process.

Mike Edwards is the founder of Mortgage Deals Help which aims to provide the UK market with up to date unbiased information relating to all aspects of the mortgage market, making the decision as to which mortgage to go for that little bit easier.

For more information please visit http://www.mortgagedealshelp.com/

Author: Mike P Edwards
Article Source: EzineArticles.com
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