The investment in property business is good i am also interested to investment money in real estate people join the property management companies because they working good in real estate so that the people trust on him. They also work hard for there customers and give all information.
jesus......lord help us all here
I have bought and sold a lot of properties over the last 30 Years in the uk and abroad. - so heres some Free advice
Property is a hugely illiquid Asset.....especially in bearish times
Property prices can go up as well as down and any gains are theoretical until crystallised and only quantified after all sunk costs,taxes, cost of capital...inflation and opportunity costs are factored in ....
If you lose money on a property thats your fault....no one else is to blame.......I Iost about £70k round trip on a New property I bought in 2007 approaching the height of the market........I needed to move it so took the hit ......peanuts really on my net gains over the years i've owned property ...........so take responsibility for losses and dont think everything is always ok ...it isnt !
Do not pay anyone ever for Property advice or investments services..........and if you are inexperienced yourself limit your purchases to your own personal living needs ......dont become a "player" as you will be murdered out there
Do not buy a property you cannot afford.....and no its not just the mortgage costs dummy
Do not buy a property in a country of non-domicile (abroad) unless you are happy to pay the higher taxes and general associated costs of being a foreigner, and not being there much and that you can afford to lose the lot if things go problematic in that Country....(Canaries , spain , Greece , Cyprus, next ?) .....beware that these countries will also tax you to death in the next few years and the Forex risk / exposure ........
bad luck muchachos....that 15th sangria with the nice saleman by the pool will now cost you 200k euros !
And also beware of deposits on newbuilds .....they may come after you for the balance (even in the uk)
Always perform due diligence on a property and get the best
independent Legal and Technical advice regarding the property - if its not 100% ok - DONT BUY THE PROPERTY (i'm trying to pick up another property in the uk at the moment and have now managed to walk away from 3 properties this year alone based on poor legals and or building surveys...on my 4th now and if I have to walk I will...about £6k down on dilligence costs this year alone....but thats life) - dont take recommendations from the vendor
(spare me !)
Never think the Estate agent is nice - he is working for the Vendor not you
Never believe the agent is valuing your property fairly ...they are trying to secure your business
Never sign the Clause regarding commission retention of introduced purchasers in your Vendors contract with an agent ...tell them to naff off and also only agree to minimum termination/notice periods...this will ensure they have to work their B*llocks off for you why they are in contract and also ensure the next agent you use will get full commission on any purchasers they show around (even if prievious viewers with other agent)...it generally means they will also review your selling price quicker and get some decent and realistic offers on the table about 6-12 months ahead of the current situation....
Never go Multi-Agent .....this means you are desperate to sell....the Agents will agree to share your commission at best (less work for them).....or even worse if its winner take all - they will do nothing and focus on the paying customers
The Current trend in the UK market is to Lifesize your Property Purchases..
ie its not about buying and Selling it in 3-5 years .....you buy something that can be your home potentially for the rest of your life.....Bear that in mind when some Tw*T investment company is persuading you to buy 5 X 2 bedroomed flats in Leeds with "Capital growth and high yield potential"
Take all precautions to protect funds during purchase/sale of property - ask your solicitor what banks are handling the transactions and what % of your money will be at risk (£85k max protection in UK) - minimize exposure of your cash during conveyance period
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