There are plenty of different ways for you to buy a new home! However, buying a house can often be a difficult process. There are chains, ladders, agencies, surveyors and more that you will need to think about. It’s often more than a lot of people have time to handle! However, one of the quickest ways you can find yourself a home bargain is to bid on a repossessed property. (more…)
What are the basic principles of investment? Buy low sell high. If you are able to follow this formula with all your transactions, you’d do very well for yourself. Impossible, right?
But there is a way to do this consistently. Through property investment. It’s called Buy & Fix. Americans call it Buy & Flip.
2 In 1 Package
For anyone with money to invest, one of the go-to options for most people is property. Whether you are looking for a single property investment or are going to delve deeper with a full property investment portfolio, it’s vital you understand the sector. With money to spend, there will be no shortage of companies offering their services. Your options will be wide-ranging and varied, but it’s often beneficial to work with one company, especially when you need a mortgage too.
If you have a property which you are looking to buy to let or have any existing properties and want to know what a good rental yield is, we will be going through it in today’s blog.
A repossessed house is one that has undergone foreclosure. You might find that getting such a house involves more steps than a regular house. There are many advantages for getting a repossessed house with the main selling point being that these houses usually come with a price much less than the market value. If you are looking to save money and are willing to put in the extra effort, this is the way to go. With that being said, here are a few things to keep in mind before investing in a repossessed house.
Buying a repossessed house can be of great value to your financial situation. Repossessed houses are mostly sold at a price below their market value because the auction that is selling them wants to recoup their original costs. Moreover, you will have to pay only for the legal fees and for other things of daily use that are being sold along with the house.
Here are some of the most common mistakes that people make while buying a repossessed house: