Below Market Value Property

You are a budding below market value property investor with money to spend. But where do you start? As you maybe aware bmv property provides you with the opportunity to source property, which is up to 30% below the open market price.

Before you can do this though, you have to be aware of the basics. Here’s quick guide for all you beginners out there or a recap for all the veterans.

Get your objectives in check. Make sure you know why you want to invest. Do you want a pension fund, build a large portfolio or sell after a couple of years. Once these goals have been set you can plan accordingly.

Start with the numbers. It doesn’t matter whether you are sourcing below market value property or just an average buy to let, the numbers must stack up. Make sure you have your finances arranged before you start to look. Estate agents will take you far more seriously.

In today’s market if you can cover at least 125% of your monthly repayments you are in a good position. However, if you purchase a bmv property through Property Banker we can usually offer you properties with a very low initial deposit and great rental returns.

It’s important to do your research especially when the market is not as strong as it used to be. I suggest you look at recent property price movements, local rental prices and other socio economic factors. You can use sites such as nethouseprices, upmystreet and findaproperty to help you with your research. If you can also find information about future local transport links or rejuvenation, this can greatly affect future potential.

Please register with Property Banker if you wish to receive our list of latest below market value properties.

Below market value property is a valued commodity within in the UK property market and buying houses in the West Country is also becoming more popular. Whether you fancy a cottage in Cornwall with a quay to launch a row boat from or an interesting manor house with acres of garden complete with a pantry and an arga; the magical lure of the West Country seems to have strengthened its grip on property hunters and there has arguably never been a better time to buy.

BMV property is all about making wise purchases on properties that will yield you a large return but as we all know, finding such properties is another story. The same applies to finding your ideal property in Cornwall, Devon or Somerset as there are more people hunting for a life close to the beckoning calls of the surf and fish and chip supper than there are available.

The areas in the West Country that have welcomed a recent increase in property sales are the following:

1. Penwith, Cornwall: 208%

2. Carrick, Cornwall: 190%

3. Restormel, Cornwall: 181%

4. Exeter, Devon: 170%

5. North Cornwall: 170%

6. Kerrier, Cornwall: 169%

7. East Devon: 168%

8. Caradon, Cornwall: 164%

9. South Hams, Devon: 163%

10. Plymouth, Devon: 162%

If you are searching for the seemingly illusive below market value house or want to up sticks and move to where you can see the moors from your bedroom window then you may wish to use 2010 to find it. Just as with a legitimate bmv property, purchasing in the West Country will always pay off as people never grow tired of cottages by the sea or Edwardian manor houses on the moors.

If you were called one day by a below market value salesman and he asked if you would like to buy a property which is 30% below the open market value, what you think? You would probably think it was some sort of scam. But the reality is below market value property is a real investment opportunity, which not many property investors actually know about.

Whether you are just getting into sourcing property as a supplemental income because your money isn’t doing anything for you in the bank, or are a seasoned vet with a large portfolio of buy-to-let properties under your belt, below market value property provides financially rewarding benefits.

For one you can obtain a great bargain, which means you reduce your exposure and hopefully don’t have to over leverage yourself. Provided you have enough cash to invest, by getting a 30% bmv property you can start to make decent rental returns straight away. Also you can potentially spread your investment over more properties and build a promising portfolio quicker.

If you decide to buy a property, I suggest you use a specialist company. Property Banker use national marketing to source the best bmv deals in the UK. We carefully screen all properties so they meet our strict criteria. Our properties are perfect property investment opportunities. We can help with every part of the sale process or you can use your own surveyors and solicitors it’s entirely up to you.

It’s 2010 and this is the year that many people are going to pick up rock bottom properties that in years to come will keep rising in price. By picking up a below market value property you get ahead of the game and make a profit sooner.