Sunday, March 15, 2009

Buying in Today's Market

Getting back to my previous post on Lag Time, I now need to tell you waht properties you should be aiming to buy in the next 6-9 months.
There is still an oversupply of new properties and off plan properties available in many property markets. My advice is to avoid any schemes where you are being offered these at discounted prices. Do you really believe that they are giving you a realistic discount. Instead, look for distressed sellers in the same area and go for these. You will find that these properties will be available at true Below Market Value Prices.
There is a huge difference between what developers and agents claim to be discount prices and what you can get at Below Market Value. Certainly in markets such as Spain and the UK you can pick up some great properties at prices which are genuinely up to 30%-40% below True market Value.

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