If you have been struggling to make ends meet, fretting that you cannot keep up with your mortgage repayments and loosing sleep thinking about how to achieve a quick property sale, then there may be one thing you can try before it comes to that.
Thousands of parents have seen their children fly the nest and leave for university this week and whilst many may be feeling that ‘Empty Nest Syndrome’ others are already thinking of ways they can cash in on the extra space they now have in their home, in the form of lodgings.
Of course, you would have to allow the room that was once occupied by your child to be available on weekends and during holidays but many lodgers these days are flexible and often only want to rent a room during the week whilst they are at work instead of commuting.
Another alternative is to use the room as a guest house, charging by the night rather than the month. You could receive even more money a night if you installed an en suite in the room, as people prefer not to have to share bathroom facilities where possible.
This idea may not appeal to everyone and receiving cash for property may still be more of a desirable choice but it may be worth looking into the feasibility of sharing your house and earning some much needed extra cash. Offering breakfast and even tea could see even more money brought into the household, which could be much needed.
Anyone in the property market will tell you they’ve had a tough old time of late. The recession, government changes and a general downturn in spending has meant that houses on the market aren’t shifting. Not anywhere near fast enough anyway. People have had the unfortunate experience of having a house up for sale for as long as they can remember it feels like, often with not even one measly viewing. Whilst people will suggest they lower the price of the house, this is not always possible for the homeowner. For those that it is possible to do, they have found using Online Property Auctionscan help. The auction format means that more often than not the house is sold for less than the market may offer but it will provide a quick property sale which for many, is highly desirable.
For people who have struggled to drum up any interest in their property it may be an idea to think outside the box. A farmer in Devon had his house on the market for nearly two years and has had very little interest. He has decided to offer a £20, 000 cash reward to anyone who manages to introduce him to a buyer. Spread the word people! Another optimistic seller has decided to try a different initiative. A businessman in Buckinghamshire has decided that anyone who ends up buying his listed house will get his 36-year-old Triumph TR6 – For free with the sale and a seller in Nottingham is offering a brand new Ford Ka with the sale of his house.
Whilst it is still a good idea to try more orthodox methods like Online House Auctions in the first instance, if the going gets really tough, consider what else you could offer alongside your property to incentivise the buyer.
Houses are put up for auction for all manner of different reasons, whether the owner is after a quick sell, the house is in need of serious modernisation or it is purely that unique on the open market that valuing it is virtually impossible.
People attend Online Property Auctionsfor the vast array of different properties on offer and the bargains they can pick up, but even the most discerning property auction goer may find themselves a little surprised, if not shocked to come across one particular lot when they visit their next auction.
Wymering Manor is an eerie 17th century grade II listed building which used to be a vicarage. It also happens to be the most ‘haunted’ manor house in Britain and has made into the domesday book, on ‘Most Haunted’ on TV and has a gained an impressive reputation amongst ghost hunters for having high levels of paranormal activity at any one time. Activities include, to name but a few, children’s whispering, sudden changes in temperature and strange apparitions.
The council, who currently own it, are putting it under the hammer at a Residential property auctionsoon to try and save costs. The house certainly has a unique selling point and any potential buyer may see the opportunity to buy this and make some money offering breaks in the ‘Most Haunted’ House. Avid ghost hunters would surely relish the chance to experience just one night where they may come across any manner of paranormal activity: An experience surely worth gaining if not to just pass down to your grandchildren in story form one day.
Buying a property is a big step for anyone to take. A property will be the biggest purchase of your life and for low to medium earners one that can be very hard to initially buy. The hard work often pays off though as you can find yourself with a good return on investment, especially if you buy a Below Market Value Property which often come in the form of repossessed homes.
A repossessed home is becoming more and more common and whilst there are a wide variety of reasons for them to happen, one of the most common reasons is the owner struggling to pay their outgoings on a monthly basis. Once this happens more frequently, a back log occurs and they get into more trouble. Often, the only option for them is declare themselves bankrupt and it is generally at this point their house is repossessed and is put up on a Residential property auction.
Because these houses often require a quick property sale they can be available for far less than if they were valued and put on the open market which makes them a great investment for first time buyers. Of course, its not just first time buyers that like to take advantage of the investment opportunity, it is honed business men and women who see their next money making opportunity.
It is because of this that it is important that you do your research prior to attending the auction and if possible attend other auctions before the one you want to bid in so you can get a feel for how they work. If the process is all a little daunting or you find attending these live auctions problematic then there are a whole host of online property auctions these days that you can safely bid in the comfort of your own home.
So, you’ve bitten the bullet and decided to try and buy BMV propertythrough an auction.Hopefully you have chosen to do this having spent some considerable time researching and attending previous auctions so you have got a feel for what they are like, what the process is and how the format works.
Here are just a few reminders for you prior to your big day:
Before bidding takes place it is a good idea to get pre-qualified by a lender so you know that you have the financing on the spot if you are the successful bidder.
When the hammer goes down and the auctioneer says sold, that property is yours. There is no going back at this point so you need to have made sure you have researched the property well and are certain you want it.
On any given auction day it is quite possible for twenty plus properties to be up for auction and each one could take as little as an hour to be won, so you need to be on the ball and make sure you are ready for your ‘lot’. If you snooze you lose.
Keep to budget. One of the biggest pitfalls people face is when they get too excited and end up bidding more than they have originally allowed for the property. This can lead to all manner of problems so stay disciplined.
Of course, these days, auctions can be even easier than this. Surf online and you will come across Property for sale by auctiononline, which makes the whole process as easy as bidding for something on your other favourite online auction sites.
Property investors have had some good news recently. The abolishment of HIPS (Home Information Packs) has meant that more people have put their house on the market, due to the immensely off putting HIP charge being waivered.
A HIP became compulsory for any person wishing to sell their home if it had four or more bedrooms. The average HIP would cost anywhere in the region of £250 right up to £1000 and it is believed that this was a deciding factor for many to choose not to put their house on the market. Of course, this had a knock on effect, largely for property investors who were looking to Buy Investment Property to extend their growing property portfolio. They had fewer opportunities to invest, but also it led to people being stuck living where they didn’t want to, in a house they didn’t want to live in anymore.
The market became more and more stagnant and the HIP became an increasing bone of contention. Only three years after the government started to roll out the first stages of implementation it has fallen to its feet and thankfully been abolished. From promising to revolutionise the way properties were sold it quickly over complicated the selling process and made the whole experience far more expensive and stressful for the seller.
The availability of houses on the market are already expected to rise as a result of the abolishment of the Home Information Packs and property investors are hopeful for a more buoyant market where they can benefit from a BMW Property.
Last time we talked about considering the things that are important to finding an ideal home and that these things might have not have been considered. We looked at the importance finding the right location and how this is one thing that cannot be changed. This article will look at other key elements of finding and looking at any new potential home that you find to avoid any nasty surprises.
One big question on many people’s lips is ‘what potential does the house have?’ Many people are looking to develop their own house with an extension perhaps for a conservatory, porch or maybe even an additional bedroom. Look at other house in the street and see what they have done as this will give you an idea of the likelihood of getting planning permission for that extension.
You need to remember that the internal decoration of the property can be changed at any stage. Very few people move into to a new house they have just bought and keep it exactly that way that they bought it in, as people like to personalize it by putting their own stamp on it.
There are some people who really enjoy the sun, so for these people the way the house faces play a large part in what will be considered a good property or not. This is one thing that doesn’t change so it is important that this is something that is addresses right from the beginning. A rear garden that faces the right direction is for many people a deal breaker when it comes to choosing a house.
Another major consideration to a lot of people is the outside look of the property. It’s important that you like the look of the property. This is a very individual thing and what some people consider to be nice others would look to change. Many people do not really change the brick work of the building out the outside appearance except from the front garden.
If you don’t want a lot of work to do on the property a new build is probably what you want to be looking for. Yet for those of you who are looking for a bit more of a challenge and wanting to put your own stamp on it repossession is worth considering. Sometimes repossessed houses are a little worse for wear but that can be had at a bargain price.
To help eliminate additional stress of moving and starting a life else where many people have opted for a Quick Property Sale for Cash which enables them to get cracking on to the next big adventure. A Quick Property Sale can be just what you need to get you moving quickly in the right direction.
A smaller amount of buyers in the housing market has forced sellers to drop the prices of their homes in order to become more competitive. It seems that they days when people would battle it out to buy a house are behind us, as figures suggest a drop in prices to try and lure buyers to their property.
First signs show a drop of over 2% and almost 4% in London. Although these percentages seem small on a property of £200,000 you are looking at a large loss.
As there are even fewer buyers out in the market then it seems that they have a little more control over the property market. More choice means sellers will have to make their process competitive and appealing if they want to sell. Holding on to an unrealistic price will not only put buyers but could also mean that a property will make a much larger loss in the future of may even become repossessed.
Yet it is not only the house prices that are making buyers be more careful but also mortgages. It seems that buyers are being a lot more selective about what they opt for and are considering a much great choice of deals. With a vast amount of banks offering mortgages these too are having to become more competitive with their lending and ‘deals’ that they offer.
Even the slightest rise in interest rates could force people to sell up which would mean that the market could be saturated with houses that people just can’t afford to keep, which means even better deals for the buyers and a greater loss for people who are desperate to sell. This just re-enforces that importance of selling before the debt gets too much.
It is believed that a few of the potential house sellers are waiting for the interest rates to be announced in September, but for some this could be too late and would mean the loss of their property and any investment that they have in their property.
It still looks like sellers can be burned especially if they leave it too late or bury their heads in the sand. If you are finding yourself in a similar situation and want to get out before the going get too tough then why not look at a Quick Property Sale or the option to Sell your Property and Rent Back which would mean you wouldn’t have to leave your home.
Most people probably think of places like Mc Donalds or Subway when they think of franchises. But there are many other types of businesses areas out there that you can take up a franchise opportunityin. Different areas will suit different people, but one of the growing areas in Franchises in the UK, is the property lettings
With a property lettings franchise, you will be given an area or town exclusive from your franchiser. They key to a good franchise model is the partnership it provides. The franchiser not only gives the franchisee the basic resources but also provides knowledge from experience to help you on your journey.
When you take up a franchise opportunity, you will have a franchise agreement that will last a set period of time. After this runs out you will able to renew, and usually without a further franchise fee.