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Email: support@propertymentor.co.uk
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Buying Off-Plan
Is There Any Benefit To It?
As you’ll remember back during the property boom of 2007, investing in off-plan properties was extremely profitable. Wait 6 -18 months and by the time these properties were completed, their property values would be through the roof.
Yet as the recent recession has bitten harder, off-plan investing has fallen out of favour.
Why? Because for the many property investors who invested prior to the recession, they are now coming away with financial losses of 20%-30% as they still have to pay the original valuation. Ouch!
But here is the thing…
Whilst these homeowners may be struggling now - YOU on the other hand, don’t have to.
You too, can discover how to negotiate investment deals which will leave YOU walking away with the profits, and watch as our Property Mentor experts help you to build strong working relationships with the right developers, in the right locations, for the right price.
The average property developer is keen to generate revenue even whilst their properties are still being built.
So it is no wonder why so many of them opt to sell all or part of their development before it is completed. Not only does it give them extra cash to inject back into their projects, but it also allows them to offer you impressive property deals which are just too good to ignore.
The majority of property developers are prepared to offer you up to a 20% discount if you agree to buy before the property is finished.
Use our Property Mentor Finance Team however, and our brokers can ensure you always receive the upper end of their discount offering and save more than 20% on your investments!
Imagine receiving a further 20% off a property that would have been worth 30% more 2 years ago? Do the maths and that is a 50% saving which you can transfer straight into property number 2, 3 and 4.
Please Note: If you agree to buy before the property is finished, you will be expected to pay £300-£1,000 on your reservation. Similarly you need to be prepared to wait. Depending on when your deal is brokered your property may take more than 18 months to complete.
Under this deal, property developers will offer you a part exchange where you sell them your current property in return for a discount off the price of the new property you want to buy.
This is a pretty nifty deal as it guarantees you a cash buyer AS WELL AS helps you to save on the costs of estate agents and advertising.
Property experts estimate that it would take £20,000 to bring a second hand property up to the standard of a new one.However, invest in a new property, and you can feel confident that it is fitted with all the necessary accessories.
And these are definitely worth exploring...
In legal fees alone you can expect to pay at least £1,000-£2,000, and depending on the value of the property, you could end up paying thousands of pounds in stamp duties.
Secure your place NOW...£700 cash back deals, 20% discounts, part exchanges… establishing strong relationships with property developers can be a worthwhile business when you know how to use these deals to your advantage.
Able to invest without the hassle of selling chains, as soon as the property is completed you can happily fill it with tenants without having to wait for the other homeowner to move out or sort out their contracts - it will be yours and yours alone to do whatever you want with!
PLUS whilst you are waiting for the build to finish, you can easily ensure that your property is only receiving the best in mortgage deals - a task which at Property Mentor we can help you to achieve!
You see, we have witnessed it all.
The highs of 2007, the lows of 1990’s, and we know from experience that to succeed in property investment you need to have more than 1 investment strategy at your disposal.
You need to have a variety.
That is why we have spent the last 20 years developing 8 unique investment strategies to give us the flexibility to invest in all economic climates – including the one we are in now!
So whilst many of these homeowners may now be struggling with the reality that their properties have dropped into negative equity, for you it will be different.
With the support of our professional property experts and our Property Mentor Finance Team, we can show you how to attain each of these property deals; achieve the biggest discounts and harness all the other deals that property developers didn’t want you to know about.
Simply attend our FREE 2 hour taster session and we will show you how to:
Negotiate the deal right, and you can come away from this arrangement with more than 1 property investment, but your 2nd, 3rd and 4th properties too.
So take a step in the right direction, and let us help you to make so much more of your property investment potential. Register for one of our FREE 2 hour taster sessions below...
