Property Investing

It can sometimes be difficult to find your next property investment. Knowing where to look and what you are currently looking for is the best way forward. So after you have used property finder websites such as Rightmove where should you look next online.

Recently I came across this Property Snake and found a really good property to rent out. Unfortunately for the current owners it had been on the property market for nearly a year and they were obviously keen to sell having reduced the price a few times and still not sold. I spoke to the estate agents and the sellers had been through the process of selling a couple of times and each time the buyers had pulled out at the last minute – which is unfortunate.

I viewed the property and could see its potential, made a second viewing a week or so later then left it a while to let them think I wasn’t really interested and then made a low offer, they rejected it. Again I waited a few days and put in another offer this time it was accepted, they were obviously keen to sell and realised that this was probably the best offer they were going to get. One thing I have learnt is that if you are going to use this tactic and you can afford it make sure the seller is fully aware you are a cash buyer and can move fast.