How To Make Sure You Don't Miss The Next Property Boom

If you think  the current situation, with property prices falling and a chronic shortage of residential and commercial finance,  is permanent then you'll probably disagree with the point of the headline.

But if you believe the current state of affairs is temporary, whether it lasts for six months, a year, two years or whatever, then you will probably agree that a boom is surely around the corner.

The adage "the profit is in the buying and not the selling" is truer now than it's ever been, because the opportunity to pick up property bargains is here and now.  The idea of waiting for the market to bottom out is, to my mind, flawed thinking.  How will we know when that point has arrived? There won't be a public announcement and prices will probably rise much quicker than they fell.

We'll only know the market has hit the bottom when it's already on the way up.  Once that's happened the bargain property prices will be history.  The savvy investor recognises that there are genuine bargains in the current market.  If you see a property you like at the right price then now is the time to buy, because if you don't someone else will and the opportunity will be lost forever.

Here's an example.  It's off market and only available if you know who to talk to.  A development site in west London valued recently at £1.2 million.  The owner is keen to sell and will accept an offer of £600,000.  Will it still be available when the market bottoms out?  It won't even be available next month. Call me on +44 (0)1828 628587 if you are interested.

Here's another one.  It's  in our current newsletter.   A site with development potential in a superb position in the famous Scottish golf town of Carnoustie.  Valued a year ago at £90,000 this repossession can be bought for a substantial saving.  You'll have to subscribe to the newsletter to get more information.

So how do you make sure  you don't miss the next property boom?  One way is to subscribe to the "Early Bird" Repossessed Property Newsletter and buy repossessed houses, flats, land or developments directly from the lenders who repossessed them.  Just fill in the subscription form at the bottom of this post for your free membership.

And hot off the presses there's news of a new finance package designed to help investors buy at below market value and refinance six months later at full market value.  It gets over a number of problems and is suitable for all types of property purchase.  It will appeal particularly to buy to let investors.  Call me on 01828 628587 if you want to know more.

We live on an island.  Land is a finite commodity and the law of supply and demand will dictate the market.  The market is temporarily skewed because the banks and building societies are not lending.  But that can't go on for long. 

In my opinion there is a property boom around the corner.  Here's the question.  Who will take advantage of the current market and who will be left wishing they had?

Whether you agree or disagree please leave your comments.

Best Regards