Vendors sell properties below market value for a host of reasons. The common theme among those who sell their property at a lower price is that they are motivated to sell.
Through our years of experience, we have found that the reasons for selling below market value often fall into a few camps: divorce (a former couple needing to sell to move on with their lives), debt (anything from simply looking to release equity to pay off bad debt, to being on the precipice of repossession), inheritance (when a property is inherited, it usually needs quite some work, and multiple beneficiaries are often looking to sell to get their share of the asset) and relocation (anything from moving away for a job, to downsizing from a home of many years that may require a lot of modernisation).
However, while these 4x themes are common, there are a host of reasons we have found people sell below market value; from ‘not liking estate agents’ to selling to ‘buy a go-go bar in Thailand!
Sales on the open market take an average of 7 weeks to simply get to sale agreed on the property, and a further average of 11 weeks from sold to completion (theadvisory.co.uk). It’s understandable why people may not wish to or may not have 18 weeks to sell their house, and this timeframe is only if it goes through in one go! With an estimated 1 in 3 sales on the open market falling out of bed, we provide an offering to sellers which gives speed, but more importantly, much more certainty that their sale will go through – both being core reasons why vendors accept a lower price.
There are more millionaires made through property investment than by any other investment vehicle! Property investment has been a bedrock of the wealthy’s investment portfolios since roman times and is growing in popularity today!
There is generally a trade off between risk and reward in investment, but properly occupies a uniquely powerful position, in that you can gain substantial, life changing returns, while also having the security of an asset which, over the last 70 years, has doubled in value every 10 years!
If you’d like to learn more, one of our directors conducted this TEDx speech on why property investment is such a powerful asset class: https://www.youtube.com/watch?v=wtGYQDc9_1s
Over the last decade our team has expanded, to today being one of the most established and highest performing property investment providers; having sold over £75,000,000 of investment property and counting.
Many of our investors have bought their first property with us and gone on to build entire portfolios to retire early, to provide a nest-egg for their future, or to simply grow their wealth and provide excess funds to increase their lifestyle. We highly recommend checking out some of our many fantastic testimonials, to see how we have helped investors, like you, in property investment.
We want to help each investor who registers with us – which is why we give a complimentary investment consultation call to every person who signs up. This allows you to get to know us better, and for us to refine your criteria to best help in your search for property deals.
Only after the consultation call will you start to receive property deals, so be sure the phone number left on file is the best one to reach you on.
Only if you want to! Because of the large volume and variety of off market deals we secure we encourage registered investors to specify which regions (counties) they are interested in opportunities in. So, you could be looking either just in Kent, or in the entire North East of England, and we’ll only send you deals in those regions.
You will also receive an availability list with all deals once a week (on a Saturday morning) – many of our investors enjoy checking the properties to see what is available in other regions.
Just like you, we do not like spam! When you sign up, you will receive 6 emails from us in the first few weeks to share how to get the most of your membership, how we work, and other useful property investment information. Beyond this, we only send emails relating to property investment, and you can opt out of these informative emails if you want to.
As in the question above, we segment properties to the areas you choose, to limit emails to you – so you know each email you get from us is packed full of value.
With each property we secure and send to you, we provide a range of information, including the address and estimated value and estimated rent of the property, pictures of the property, comparables to support and showcase the market value or potential of a property, and further information on both the house itself and the area it is in.
A property is secured buy signing a reservation form and paying a £1,000 + vat reservation fee. As you can imagine, many of our opportunities are much sought after, but once the reservation fee is paid, this locks the property out for you against other prospective buyers.
Once you’ve seen a deal you like, it’s important to get in touch QUICKLY! Our off-market deals are highly sought after, and you will want to make your interest in a property known as soon as possible. You can reply to our email, click the ‘register your interest’ button on an email, or contact us on 0113 863 1444, to register your interest.
Equally, you can save the number of one of our investment consultants, so that you can make quick contact when you see a deal you like!
We charge a fee of 3% + vat of the purchase price of the property, subject to a minimum of £3,000 + vat. This fee includes the reservation fee, so on a £100,000 property, the fees paid would be £1,000 + vat to reserve, and £2,000 + vat on exchange of contracts.
The reservation fee is in place to provide security for both yourself; locking out the investment opportunity from others, and to show to both us and the vendor that you are willing to move forward to completion. If the vendor pulls out, or there is an unresolvable issue with the property, the reservation fee is fully refundable. However, if you change your mind, or stop moving forward with the purchase, then the reservation fee is non-refundable.
A hugely important part of property investing, but one which is so often overlooked, is case progression. It’s imperative we get your deal completed as quickly as possible. Our experienced case progression team have one goal in life- to get your property from point of sale to completion!
With this in mind, we highly recommend using one of a panel of solicitors we are familiar with, who themselves deal almost exclusively with investment property, to speed up the process.
We work with investors from across the globe- and are particularly familiar with investors working from Hong Kong, the United Arab Emirates, and Australia.
We recognise that investors from different parts of the world have different nuances in how they like to work, and are appreciative of the time differences when calling, as well as some of the important differences in solicitor choice and mortgage availability. Register to speak to one of our consultants to best understand how we can help you.
Absolutely! Our investors range from those buying their first property, to founders of FTSE listed companies. In fact, many investors have followed our advice and guidance and gone from their first property to build entire portfolios with us!
We do offer this service – please give us a call on 0113 863 1444 or register and mention this on your call with our property investment consultants, who will provide more information to you.
If you want to grow your portfolio like the investors in the success stories, fill in your details below. Only registered investors receive property deals. Do hurry, as good deals go quickly.