Auction houses out – investment agents in
Why should you avoid the auction house and use a sourcing agent instead to search for your property investment?
Many people consider investing in property but don’t always know where to start. We’ve all seen TV shows such as Homes Under the Hammer and Renovation Man, but there are far more cost effective, hands-off ways to invest in property than seeking a purchase at the auction house. Whilst it’s possible to get a good, cheap deal on a property which might need work doing to it, you’re not going to guarantee that:
1) the work required isn’t far deeper than what you’ve seen on the surface
2) that prices won’t escalate unnecessarily on auction day
3) that it’s genuinely a decent, below market value deal.
Not to mention the adrenaline at an auction house which may lead to poor decisions further down the line, particularly with first time property investors.
The auction house absolutely has its place in the market, but if you analyse the benefits you get whilst purchasing investment property from a specialist agent like Sequre, the comparison is stark.
Firstly, with an agent the due diligence is done on your behalf. If the deal doesn’t stack up financially, the investment agent wouldn’t be recommending it. Let’s look at some of the benefits:
1) Properties are below market value – giving you instant equity
2) Many deals are already tenanted – producing high yields and returns from day one
3) The property may already be furnished – one less hassle for you to consider and a plus for tenants
4) They’re always in locations of high rental demand – increasing capital growth prospects
How do Sequre source these homes before they go under the hammer?
Banks, developers and receivers approach Sequre before taking their properties to auction. This is due to our ability to sell properties quickly to investors like you. Because we negotiate in bulk, we’re able to agree discounted prices, furniture packs and inclusive stamp duty in some cases. This is a much more efficient way of purchasing buy to let property. Investors benefit from instant equity and immediate income the day you complete on your property. The properties are always in great condition too – so no nasty renovation surprises to eat into your budget.
If you’re looking to either buy your next investment property or you’re ready to grow your property portfolio, the team at Sequre are here to help. We have a number of deals in key city centre locations such as Manchester, Leeds and Liverpool which are tenanted, furnished and generate an income from day one. Give us a call today on 0800 011 2277 and we’ll find the perfect property for you.