Investment properties
This is the hardest part of the process, because there are thousands of speculators looking for property and only a few suitable investments worthy to purchase. It is interesting to note that an internet website company recently set itself up in business with the sole intention of marching willing buyers with sellers of run-down property. Despite receiving widespread publicity in national newspapers and employing a proactive marketing strategy to launch the site, they discovered that while they were inundated with enquiries from would-be investors, they only had details of two properties throughout the United Kingdom to sell.
The fact is that most suitable properties are hidden among the bulk of other residential dwellings on estate agents lists and the only method of finding them is to go out and explore what is available. At the outset this might seem like trying to find a needle in a haystack, but dogged perseverance and keen observation usually prevail. The following are some of the routes you may wish to exploit: Estate agents. Contact all local agents and get on their mailing lists. Be as specific as possible about the type of property you are searching for and the maximum amount you wish to spend. Keep a record of the agents you contact and repeat the process every month to confirm your details are still registered with them.
Local newspapers. The local press is always a good source for investment property, but you will need to be consistent in scouring their pages to find a bargain. Independent advertisements from owners only appear and when they do it is the expeditious speculator who succeeds.
Free advertisement newspapers. The owners of run-down property do not want to spend what little profit they gain from a sale on an estate agents commission or expensive advertising. The free advert press, such as LOOT and supermarket freebies are thus attractive to them, so get copies at regular intervals and study them closely.
The empty homes agency. The empty homes agency is an independent campaigning charity to highlight the appalling housing waste of property standing empty and unused. Its aim is to provide owners with advice so that homes can be brought back into use. The statistics speak for themselves: through figures collected by the Department of Transport, Local Government and the Regions, it was found there were more than 750,000 holes standing empty in of which 85 percent were privately owned.
Many properties are vacant simply because their condition prohibits easy or profitable disposal. Yet these are the investments you need to identify and locate, because many have potential that could so easily be realized, given enough funding and effort. The possibility is that you walk or drive by several empty dwellings in your neighborhood every week but, because there are not for-sale and hence no obvious means of contacting the proprietors.
Other Articles
