Property buying in bad times …
The housing market (and a lot of people involved in it) are experiencing troubled times. But we all know that a cyclical downturn will eventually lead to an upturn. If you’re looking to make money from property you’ll recognise this and make the most of the opportunities. Is the market going to fall further? Should you buy now or hold out even longer? It’s anyone’s guess but you don’t need to use guesswork - start with the right ‘foundations’ and you’ll get pay-back in the longer term.
One of my best suggestions - and borne out by our own recent research - is to find those people who are motivated to sell - through financial difficulty, family break-up, relocation needs (you can probably think of other reasons yourself). Keep your purchase ‘non-emotional’ and make an offer accordingly - if they don’t bite, walk away and find another opportunity - they usually come up.Â
If you’ve bought a property since March 08 we’d love to hear how your purchase went. Post your comments.
This entry was posted on Thursday, August 7th, 2008 at 8:16 am and is filed under General Interest, Sales & Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Friends of mine were interested in a property abroad and it just so happened that the owner needed to sell the house quickly due to work commitments. Luckily for my friends, the gentleman was willing to offer a big discount for them if they took this very well looked after property out of his hands quick. Just proves that if you look in the right places and people need a fast sale, good prices can be easy to come by!