A Guide to Setting Up an Investment Property for Sale

investment propertySetting up an investment property for sale UK is serious business. It’s not one that can be taken lightly. After all, we’re dealing with something massive, literally and financially. But for the first timers who have yet to sell one, it can be quite the daunting task. Fret no more because we’ve gathered the experts to give us some tips and come up with the following guideline. Ready? Let’s begin.

Know what you’re selling. It will be painstakingly hard to effectively liquidate any real estate asset if you don’t know enough about it. How do you even guarantee its quality without knowing what it’s all about?

Familiarize yourself with the market. Real estate is very complex and anyone who fails to acknowledge this is in trouble. Plus, things can vary across different properties due to the presence, absence and combination of various factors both internal and external to the asset. So research and learn as much as you can.

Identify the audience. Who would be interested to buy your investment property for sale UK? It’s important to know because this will dictate our chosen advertising platforms and efforts.

Prep the property. Clean it as best as possible. Perform necessary repairs and upgrades. Try to stage it too and make sure to personalize the space in time for the open house.

Advertise wisely. Choosing the right medium is important first because you need to work with a budget and second because failing to do so is a waste of time and resources. There are many options out there from print to traditional to digital. Some are affordable, others more expensive while a select few are free.

Photograph well. One of the fastest ways to catch buyers’ attention is by adding well taken photographs to a listing. Not only does it better communicate the property but it also adds a layer of visual that catches the eye in a sea of listings.

Price accordingly. Choosing the right price point is important. To have a clear and accurate number, have the property surveyed and valuated. When setting the price tag, set it at an amount that complements its current market value.

Prepare documents ahead. Make it easier for all parties by arranging all the legal requirements ahead of time and prior to putting your investment property for sale UK. For instance, have a deed of sale ready and make sure that the title is within reach should interested buyers want to authenticate ownership.

The Worst Crimes at Property Auctions

property-auctionsMistakes are normal. After all, they make us human. But that doesn’t mean we can’t strive to be on top of our game. It’s also not an excuse for us to keep committing deliberate blunders. Especially when we talk property or real estate auctions, mistakes can be very fatal. It can spell anywhere from a missed opportunity to a financial meltdown, neither of which we want.

So to avoid making the mistake of committing the said crimes, it’s about time we know what they are. As they say, keep your enemies close.

Buying without inspecting. Before bidding on anything, you must first have a full grasp about the asset being held for sale. You must ensure that it is indeed what the seller presents it to be. Have it inspected and surveyed by a professional to assess actual value, condition, useful life, ongoing costs, legal issues and other pertinent details.

Exceeding your budget. You have to set a maximum limit as to your spending otherwise you risk giving it your all and spending more than you were supposed to or are capable of. Besides, it would do no good to bid more than you can pay. You won’t be able to achieve ownership since you still aren’t capable of keeping your end of the bargain.

Forgetting to validate ownership. Always make sure that the sellers have legal ownership to the property as evidenced by the necessary documents. Also see to it that the asset being held up for grabs is free from any troubles such as liens, encumbrances, foreclosures or title disputes.

Tardiness in funding. A security deposit is often a requisite when participating in auctions. Even if such is not required, you will still have to pay up for an upfront cost and arrange for immediate payment plans on the balance. Winning the bidding is just the first step. If your financing isn’t ready then you still lose by default. Make sure to arrange it beforehand especially since this takes time to prepare.

Relying on unqualified advice. Many investors seek help from their family and friends when participating in property auctions. There is completely nothing wrong about it but makes sure that they have the experience and knowledge otherwise their advice may not be as helpful as they intended them to be.

Revealing too much. Do not let anyone know how much you are willing to spend on the auction or on a certain asset. Don’t be too transparent with your emotions either so as to catch other people’s attention. You don’t want sellers to increase their starting bid and you don’t want fellow bidders to compete with you so shush. No need to reveal your cards at property auctions.

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Conditions to Buying a Commercial Property

commercial space ukA commercial property is bought for two main reasons: either as a tool in operations or as the product itself. Businesses and organizations use it for offices and shops for example while investors and real estate companies or individuals do so to lease them out or resell them. But regardless of the purpose and the reason for the purchase, the conditions and rules to buying a commercial property remain the same as follows.

1st Condition: You must be financially capable. – Commercial assets are not cheap. That’s for sure. This makes it obvious that in order for you to buy one you must have the resources to do so. Timing is also important so the availability of funds must be considered as well. Also, don’t forget that there are more costs to such an acquisition that merely the property’s price tag.

2nd Condition: There has to be a valid reason behind it. – Buying a huge investment like this has to come with its purpose. Nobody does it on a whim or out of impulse. There is a reason behind it and such reason must be valid and practical.

3rd Condition: There must be ample space. – What’s the use of a commercial establishment if one can barely breathe and move in it? Also consider the furniture and other items that will be housed and placed within the space. An office will cease to be functional if people become restricted. Plus, customers hate cramped spaces.

4th Condition: Ongoing costs have to be on the minimal. – Ongoing costs pertain to repairs and maintenance expenses that are to be spent on the regular for owning the commercial property. They are necessary costs that must be spent in order to keep the place functional and standing. Some assets appear to be very affordable but have high ongoing costs making them far more expensive in the long run. Be careful, ask and examine.

5th Condition: It has to be conveniently located. – One of the biggest factors that investors and businesses need to consider when buying a commercial property is the location. It spells a lot in terms of value, appreciation, foot traffic, convenience and market reach among others. One of the important aspects to remember is that it has to be conveniently situated in such a way that employees, clients, suppliers and the public in general have easy access to and from it.

When buying a commercial property, remember to be smart, fast and reasonable. Good luck on your endeavors!

Notable Property Investment UK Locations

investment-property-ukWe are often told that in the world of real estate, location is king. Although we have to admit that there is more to buying an asset than just its location, we cannot discount its massive importance. Plus, the fact that it affects other factors that add and diminish value makes it a topic worth discussing. In the United Kingdom, for example, the same rule applies. Despite of the country’s notable and illustrious sites, there are a couple of notable property investment UK locations that scream ‘buy me’ to investors. Do you want to know where these are? Better read up to find out!

Manchester

A major city in the northwest of England, Manchester is known for its rich industrial heritage. Although the average price of properties in the area is nowhere near cheap, it is considered to be one of the most promising locations that are able to yield significant rental returns. This is highly attributed to its large student population. Moreover, the Metrolink tram service extension has made it all the more accessible.

Rotherham

A large town in South Yorkshire, Rotherham is known for its 15th century, Saxon and Norman sites and structures. Investment-wise, this makes it a charming area with enough tourism buzz. But more than that, Rotherham is a coal-mining town that houses more than £500 millions of investments and caters to over 9,000 jobs. With a railway station and a 12,000 seater football stadium under the works, the value of properties and the rental rates are bound to rise.

Oxford

Perhaps the most expensive investment location in our list, Oxford is located in central southern England and named as the ‘City of Dreaming Spires‘. It is most known for the 12th century university named after it. Just like the next location in this list, Oxford’s investment potential relies on its historic and educational charms that bring in the demand from tourists, students, young professionals and businesses.

Cambridge

Known for its notoriously popular educational institutions, Cambridge is dubbed as the ‘university city’ and is located along the River Cam and is about 80 km north of London. Census reports that about 20% of the population consists of students. Furthermore, about 40% of its residents are degree holders who work within the area thus continuously attracting software and scientific research companies. These alone make rental demands high.

Which among these notable property investment UK locations are you most interested in? If you haven’t decided, check out some options here www.singerviellesales.com.

Facts You Need to Know About Owning a Commercial Property

commercial propertyThere is more to owning and maintaining a commercial property than meets the eye. Whether you’re a business who uses such asset for operations, a seller or a landlord who puts them up for sale or lease, it takes more than just financial resources with these possessions. If you’re up for some straight up facts on the subject then we urge you to read on and discover. After all, knowledge is an important ingredient when it comes to commercial property investments.

Fact #1: Ongoing costs are a game changer. Specifically, these refer to repairs and maintenance expenses. They are necessary for the upkeep of the asset and in keeping it useful. They are regular and should be minimal otherwise the investment is going to be burdensome in the finance sector over the long run.

Fact #2: Foot traffic is as important as a good marketing strategy. Exposure is crucial especially to the general public whether they are already patrons or new customers. Plus, it’s free so it never hurts to choose a commercial property with high foot traffic.

Fact #3: Space is always of importance. Nobody wants a commercial asset that’s too cramped up. Movement is crucial when it comes to work. Plus, customers are not one to be happy about tight oxygen-deprived spaces especially come the holidays.

Fact #4: Structural quality over aesthetics any day. Interior design is important and even ergonomics. However, investors should pay more focus on the structural concept of the property as well as the quality of the land it has been built upon. Paint and décor are easy to work and navigate around. They are less costly too. Poor plumbing, damaged electric cables and damaged walls on the other hand are hard on the budget.

Fact #5: It pays to make things pop. We don’t mean this literally though. There’s no need to burst or pop anything, unless it’s a champagne bottle. Kidding aside, a commercial property should pop in the sense that it has to catch attention. Judging by its name, such asset is meant for business purposes and should therefore be inviting and interesting as much as it’s functional. Yes, structural integrity is important but don’t allow the place to look forlorn and untended for. One doesn’t need to break the bank too. There are simple ways to making an office or a shop beautiful without running toward bankruptcy.