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WHY DO I NEED YOUR SERVICE?
 
Property investment is a matter of the head and not the heart - this is contrary to purchasing your own home. I have seen many investors going it alone, making the error of buying a property they liked or one just down the road as they know the area. Similarly many investors have been drawn into large discounts in big schemes but found that when the property came to the market to either sell or rent, the market was saturated with similar units and sat empty for long periods. Unless you have a great deal of time on your hands, you are likely to spend a lot of money buying a property that you think is a good investment, rather than one that the market requires. Your investment will not provide a return unless it readily attracts tenants.

WHAT EXPERIENCE DO YOU HAVE IN THIS FIELD?
 
As a previous Partner & Director of a well-known letting agency I was responsible for sourcing investment property for clients. I have sourced over 50 properties for investment clients with many returning to add to their portfolio. I have an extensive understanding of the letting industry which provides vital knowledge and know-how that can only be obtained by working in this specialist field.

DO YOU RECOMMEND ANY PARTICULAR TYPE OF PROPERTY OR AREA?
 
The type of property will depend on the area of the search, and your requirements/instructions. This could range from a traditional terrace property to an off-plan apartment. You may wish to purchase a property in an area of regeneration or prefer an established residential district with a much greater capital outlay. Your choice will generally dictate the type of occupier from students or social housing tenants through to corporate and professional tenants.

DO YOU PERSONALLY VISIT EACH PROPERTY?
 
Yes, this is an essential part of the search process. It is important to get a feel for the area, as well as assess each individual property. Off-plan properties have a site visit - the property may appear fantastic on the brochure but there maybe something undesirable in the immediate vicinity. My experience as a letting agent assists here in understanding what tenants are looking for, and what in particular influences the market in each town or city.

WHAT DOES THE REPORT DETAIL?
 
Each report will provide the property address, asking price, rental estimates, digital photographs (where possible) together with sales agents particulars, visual condition report and if appropriate improvement recommendations for the local letting market. In addition to this I will endeavor to provide a list of similar properties in the market for sale and rent, and what attracts the local tenant market and the property’s proximity to these.

DO I NEED TO SEE THE PROPERTY PRIOR TO MAKING AN OFFER?
 
This is your decision. Many of my clients do not. They see the property purely as an investment and were either too far away or did not wish to get “emotionally” involved. Remember contrary to your own home property investment is a matter of the head and not the heart - you may not wish to live in your investment properties but that does not mean that they make bad investments!

AM I OBLIGED TO PURCHASE ANY OF THE PROPERTIES?
 
No. The search is restricted to five properties presented for each search instruction. Please see the Agency Agreement for full details.

DO YOU HANDLE THE NEGOTIATIONS?
 
Yes, I will liaise on your behalf with the vendor/vendor’s agent. If you wish you can be involved in the negotiations following consultation over the strategy.

ONCE I PURCHASE A PROPERTY WHO WILL LET/MANAGE IT FOR ME?
 
As part of the service I will review and provide a list of a number of letting agents in the area and where possible obtain their terms and conditions for you to choose.

SHOULD I OBTAIN A MORTGAGE ON THE PROPERTY?
 
It depends whether you are seeking maximum income or maximum gain. Unless you have bought purely for the rental income, gearing your investment can provide greater returns upon your money invested. For instance if a property purchased outright at £68,000 grows in value to £80,000 then the capital return on your money is 17.6%. If you obtained an 85% mortgage your initial investment is only £10,200 and your return is 117.6%. A geared property is a form of investment where you can put a small percentage of the capital value in but take 100% of the gain! By gearing this example, you could buy up to 5 more properties with the same cash resources as buying one outright.

 

 





 
 
 
 





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