Property Renovations Ely

Attended a BMV (below market value) training course in Milton Keynes back in February 2006…

Introduction:

• Buy-to-let or buy-to-sell (differences in refurbishment costs)
• Where do you start? Buying right / Funding / cost of buying and selling
• No money down deals / bridge finance / deposit finance
• Are you going to find bargain property by simply calling on the local estate agents? Or do you think those deals will be kept for themselves?

Marketing Campaign:

• Flyers / Newspaper advertisements (numbers game!!!) - negotiating good rates (late ad space)
• Getting Calls
• Sorting out the timewasters at the point of the telephone.
• Analysing offers, valuing property www.rightmove.co.uk & www.ourproperty.co.uk
• Benefits of passing deals to local agents.

Negotiation:

• Remember to gear your deal to benefit the seller (and you obviously)… Never put your requirements first!
• Going round to an appointment, price negotiation 15% opening it upto 25%.
• Interest rates - consequence of interest rise.
• Development costs - your budget.

Team:

• Solicitor
• Mortgage broker
• Builder
• Estate agents