Read our blog on investing wisely and knowing the proper market value of the property.
investing wisely and knowing the market value of the property
The aim in getting the best deals at the front end of your investments is knowing the proper market value of the property, and trying to get as far below that as possible at the end of any improvements. The key to this shopping around for the best prices in your chosen area.
Much of this comes down to time, and the more properties you go to view, and the more negotiations you are involved in, the more accustomed you will be to identifying where you can save money. This should help you to reduce the asking price in the most legitimate manner, without just reverting to stubbornness as a negotiating tool.
Even more importantly, try to make sure you look at properties objectively. You are running a business with the aim of making money – remember that you need to make business decisions.
With thanks to BuyAssociation.