Rather than apply for new home loans, creative strategies could also be used in rising markets like Brisbane when buying property for sale without having to pay large cash deposits.
(PRWEB) December 20, 2013
“Things are looking up for the Brisbane real property market in 2014, but home buyers and sellers could maximise the benefits of a rising market if they follow creative strategies when structuring transactions,” shared Rick Otton, the author of the best-selling finance book How To Buy A House For A Dollar.
A property analyst, Michael Matusik, predicts that prices of real estate Brisbane could jump 15 percent from 2014 to 2016 because of the growth in disposable incomes of Brisbane residents, (Brisbanetimes.com.au reported on 13 December 2013).
The report further suggested that higher income average will let families borrow up to $525,000 - more than the current median house price in Brisbane which is $466,000.
“Rather than apply for new home loans, creative strategies could also be used in rising markets like Brisbane when buying property for sale without having to pay large cash deposits.” according to Mr. Otton in a recent interview for his Free Pack.
“Using creative strategies is better because as house prices increase in value, the required deposit increases as well – which means buyers will need to try and save more money to make that down payment.” he said.
Mr. Otton then recommended home buyers in a rising real property market to ask for seller finance when entering property transactions.
“When you don’t have enough deposit to pay the seller but you have enough income to pay for the property each month, give the seller the price they want. Not only may the seller consider your offer in a positive manner, you’ll also have the flexibility of up paying off a percentage of your deposit every month along with your house payments which ultimately creates a successful outcome for both buyer and seller,” he explained.
Sign up for a copy of Rick Otton’s limited edition Free Pack at http://www.creativerealestate.com.au/freepack/ and get more useful nuggets of information about property investment.
About Rick Otton
Australian property investment specialist, Rick Otton, has been developing, sharing and teaching his innovative real estate strategies for 23 years. As the founder and CEO of We Buy Houses, which operates in the US, UK, Australia and New Zealand he is known for introducing cutting-edge techniques that have enabled previously disenfranchised people to get out of the rental cycle and into their own homes.
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. His real estate book, published in 2012, ‘’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.
As well as conducting free seminars, workshops and conferences in the UK and Australia, Mr Otton releases a weekly podcast on iTunes, Creative Real Estate. In these he shares examples of real transactions, and you can listen to his students share their own experiences using his strategies.
Go to CreativeRealEstate.com.au to listen to Rick’s free podcasts.