Investors can look for sellers who are willing to sell their properties including the old loan they have with it. This way, investors can buy property without too much liability, while helping sellers get rid of their old debts.
(PRWEB) December 01, 2013
“Interest rates in the country are at a record low right now and this is creating a favourable environment to buy property Australia, but people should remember that the government can change these rates sooner or later,” commented Rick Otton, the author of the best-selling finance book How To Buy A House For A Dollar.
A real estate market analyst warns Aussies that when interest rates go back to normal, property values would fall 13 percent. This means bad news especially for 13.6 percent of home buyers who have loan to value ratios above 90 percent, (The Herald Sun reported on 13 November 2013).
“The property market in Australia has been in a cycle of ups and downs for the past few years. Many are saying that the market is on a high right now, that’s why sellers and investors should plan ahead when the down cycle arrives,” Mr. Otton shared in a recent interview for his Power Property Profits Pack.
“To prepare for a falling market, sellers and investors should adapt different strategies in buying and selling real estate Australia, so even if property prices suddenly drop they wouldn’t be in too deep with debt for house that’s worth less than what they are paying for,” he recommended.
“They should also remember not to stick with the traditional process of buying and selling real estate, like taking out a new home loan with the bank, because this will only trap them in a situation with no exit strategy when the environment changes,” Mr. Otton added.
Mr. Otton then explained that his creative real estate strategies could offer some help to sellers and investors who are looking for a good strategy in a falling market.
“Rather than take out new home loans, investors can look for sellers who are willing to sell their properties including the old loan they have with it. This way, investors can buy property without too much liability, while helping sellers get rid of their old debts,” according to Mr. Otton.
You can visit http://www.howtobuyahouseforadollar.com/ right now to get Rick Otton’s Power Property Profits Pack delivered to your home free of charge.
About Rick Otton
For over 23 years property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed – strategies in which transactions are made without the need for traditional bank-type loans.
He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular one-day free seminars across Australia, which build on the the concepts he shares in his 2012 book ‘How To Buy A House For A Dollar’, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
To register for one of Mr Otton’s free Australian one day seminars visit HowToBuyAHouseForADollar.com or phone, in Australia, 1300 888 450.