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February 4, 2008

Great Property Deals - Snap them up while they're hot"

Filed under: Property Investment — Stuart Atkinson @ 2:48 pm

It’s a buyers market - so buy!

Is this a good time to be buying off plan property? The answer is of course yes. It’s a great time to buy property if you’re a property investor and that’s because everybody is talking the market down. This makes it a buyer’s market - so get out there and get a deal while no one is looking.

Before you know it, the market will turn the corner and everybody will be talking it up again, turning it into a seller’s market and putting an end to the sort of deals you can find right now.

Negotiate, Negotiate, Negotiate

It’s like location, location, location - can you see what I did there? :)

The worst that can happen is that your offer is refused; the best that can happen is that you save yourself some of your hard-earned wonga. There’s no point in slaving for cash to just throw it around, and you could save in five minutes what you would earn in a month!

Discount Property

Take a good look around and lock yourself into a deal now - and there are some excellent deals to be had. For example on this very site I searched for property with stamp duty paid and I found the following:

- Magellan Residential will pay your stamp duty, legal fees and fully furnish your apartment. The development called Kassapians, located at Baildon in the Bradford area is well situated as both a home and an investment. A one bedroom flat is listed at £120,000. I would seriously consider making them an offer.

- Dandara will pay your stamp duty, legal fees and also offer you a rental guarantee of £800 per month for three years. Now that’s what I call a deal! But I still think you should negotiate - you never know what people have up their sleeve. So ask!

- Bellway Yorkshire is offering incentives on a range of their developments. These incentives are unspecified, so why not enquire and see what’s on offer? Better still - work out what incentives you would like and bargain!

Property you should check out

Take a look at these properties listed by Simply Off Plan. They are offering an apartment in Thailand for sale for £25,000 and suggest that it will rent for £206 per month. That’s a yield of 9.88%. They haven’t put any images in the listing, but I would still recommend making an enquiry.

Keep your eyes open and you’re sure to find many other properties that look interesting such as this studio apartment in Barbados, which has a predicted rental yield of 10%. It has to be worth a look!

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