Are you looking to make a move into property investing? Has it been something you have been thinking about for some time but you’re just not sure where to start? Then luckily, we are here to help.
This quick guide tells you everything you need to know about how to find properties in the UK. Depending on your needs, including time frame, budget, experience, some of these may be more suitable than others – but all offer you the chance to find the right investment.
Local estate agents
Once you have identified the area where you want to invest, then start looking around the shop windows and website of local estate agents. This will give you some idea of what is available and what the prices are. However, you should also remember that it is an agent’s main focus to make the maximum sale for their clients, so this is not always the best place to find properties at the cheapest prices.
However, there are some real benefits of using an estate agent – especially one with local knowledge and a good contact base. First, you will avoid doing a lot of paperwork and red tape. Buying a property can be complicated and if you are not familiar with the process it can end up taking a lot of time. An agent will handle all of this side of the process. You will also have a professional on your side for the complicated negotiation process.
There has also been a rise in the number of online estate agents, and while their rates might be cheaper, you may have to arrange the viewing yourself and you might miss out on some of the local insight that can be so important. You’ll need to be prepared to do all your communication either over the phone or via email so you will miss out on the face-to-face experience.
Auction houses
If you want really cheap property, then look no further than an auction house. They generally sell properties that have either been reclaimed by the bank, intestate property or things that people want to shift quickly. Great deals do exist, but you will need to have funding in place and be ready to make a quick decision, often without being armed with all the necessary information. It’s a gamble and generally better suited to experienced property developers.
You may also face less competition when buying at an auction house because it does put a lot of people off. If you are looking for a real bargain and don’t mind getting stuck in and doing some of the hard graft yourself, this could be a good option. However, don’t go to an auction thinking you are going to find your dream home or a golden investment opportunity on a plate.
The UK has been riding the wave of a property boom for the last decade or so, and boasts some of the most expensive property in the world.
London has been experiencing a massive property boom over the last few decades.
Increased investment from abroad, notably Russian and Chinese investors, has driven many of the property prices sky high.In addition, London (and to a wider extent the UK) is at a cultural and financial epicentre.
From the traditional charm of the Cotswolds to rural Sussex to Devon and Cornwall, records are being smashed all the time for property prices.Another reason the UK is experiencing a property boom is the availability of housing stock.
This brought vast swathes of wealth into the country from all four corners of the globe.
Much of this wealth was spent on vast houses and country estates, as well as grandiose urban developments – much of which is still in an excellent degree of preservation.The chance to live the life of a Victorian country squire or an urban captain of industry is enough to get people writing cheques for silly amounts.As you can see, there are many reasons why property sells for astronomical figures in the UK.
Christinehauschild strives to give their clients a stress-free and enjoyable experience, whether they are buying or selling a home.
They are skilled at pricing your existing house correctly, finding you a perfect new home, negotiating a deal that works for you, and helping to make the entire process of buying or selling as painless as possible.
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