Is it Still a Sellers Market in Property in the North England?

Is it Still a Sellers Market in Property in the North England?

London prices seem to be headed in a much different direction than Manchester. 5 years ago we decided to invest in Manchester and especially Salford. The question is how to get your offers accepted on Properties in the North of the UK? Putting in an offer is one of the most exciting steps in the home buying process. It is even more exciting when your offer gets accepted—especially when you know it’s a good deal! I love making & writing offers and negotiating the purchase contract. There is something fun and fulfilling about taking action to buy your next investment property!

Some key points want to present.

1.You need to remain as emotionally uninvolved as possible. The moment you get attached to a property, it becomes hard to walk away. That means you become vulnerable to accepting terms you shouldn’t. No emotional attachment…We are speaking about investment property in buy to lets and Professional HMOs.

2. Ask the estate agent…is the vendor flexibile…are they open to a cash offer…find out what the vendors are hoping to get out of the property. Don’t offer a price. Let the vendor or estate agent speak first.

3. We always place submit multiple offers for the same property. You can do this in many different ways. Ie Cash…owner held ( you never know) ..mortgage

4.Contingencies are a great way to cover your ass. However vendors get spooked with Surveys…Be aware that putting a ton of contingencies in your offer is that your overall offer is weakened.

5. Have no issue walking away from a deal if the numbers do not stack up.