9pm to 12pm – Warm spot

9pm……its getting warm

So we have seen a rapid decline in property prices.  Repossessions are higher than they’ve ever been in the last 5 years, negative equity has swamped the nation – who in the hell would want to get in to property investment?

9pm à 12pm

So who buys at 9pm?  Well it’s the professional property investor who will accept the lowest yield. Looking at examples, we see what type of investment the professional is looking for and what type of returns he is willing to expect at this subdued period.

Strategies Within A Warmspot

Do not be scared of insulting the vendor with your offer.  An offer is an offer no matter what price you bid at.  Its up to them to say yes or no.

Making Your Offer Stand Out

Now if you’re going to bid low, then make sure it’s serious. A vendor may accept a lower than anticipated offer if it is one of a key type and we look at these offers in more depth.

Financing

You may well find that obtaining finance in a falling market may not be that easy.  This is because the banks would have got their fingers burnt due to defaulters in negative equity.  The lending criteria will be stricter and this is inspected further in this chapter.

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