Home » Real Estate

Buy a Property Bargain - Property to Renovate and Other Property Investment

Sep 12, 2008
The property market is falling and house prices are over 8% lower than this time last year. It's a buyers market and here we look at the property opportunities.

The falling property market makes it a buyers market and in parts of the UK there are 15 sellers for every buyer. If you are in a position to buy, perhaps you have a deposit and mortgage secured, or you are a property investor, then you have the opportunity to buy a bargain. Every market has a winner: with property rises the sellers are the usual winners, with property falls the buyers are the usual winners. Of course it is not as black and white as this - both parties have to gain enough to go ahead with the deal so you have to find the right deal to make it work.

Factors for buyers to consider are: sellers are afraid about how much the market will worsen and therefore may accept a very low offer. Some sellers are prepared to pay your stamp duty saving you more thousands. Some sellers may then also add in more extras such as bonus house and garden fixtures, furniture or even cars. It could be well worth buying before the property market has bottomed out because with these extra bonuses, your offer might well be lower than it would be once the market has bottomed out.

If you are after an even bigger bargain then you could buy a property to renovate. There will be bigger savings on property that requires any updating or modernising because there is less demand from buyers. It's not a quick way to make money but if you are willing to wait until the market is on the rise you will have a better investment. You would buy the property at a bargain price, renovate it and then cash in once the market has turned. After all, remember prices are predicted to rise 25% by 2012. To find property in need of updating try http://www.renovatealerts.com.

If you are a first time buyer and you have secured a mortgage then buying a property to update is likely to be a good investment. First time buyers are currently hard to find. You will be a very attractive buyer and can make a very low offer. You can then update the property as you are living in it, and when the market picks up you could sell, or rent it out and start the process again.

If you are a cash buyer then again, the falling market is an opportunity for you. You will be highly sought after by sellers and an excellent deal may be had. Keep looking for properties, using search engines such as http://www.WheresMyProperty.com and wait for the right property. Let agents know that you are looking in case they have a potential seller on their books - knowing their property might sell quickly to a cash buyer might be enough incentive to put it on the market.

It is a buyers property market, a deal can be struck and buyers can buy a bargain.
About the Author
Susy Copus writes about all aspects of home moving, properties for sale, estate agent directories and house prices for the UK Property Search Engine, Wheres My Property. Susy also writes for Renovate Alerts who specialise in finding property to renovate and Property Money Maker.
Rating:
Please Rate:
(Average: Not rated)
Views: 228
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Accounting
    • Credit
    • Currency Trading
    • Debt Consolidation
    • Insurance
    • Investing
    • Leasing
    • Loans
    • Mortgage
    • Mutual Funds
    • Personal Finance
    • Stock Market
    • Structured Settlements
    • Taxes
    • Wealth Building
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources