Rather than demand the buyer to pay everything all at once, sellers offer them flexibility on they can pay for the entire price tag on the house within an agreed period.
(PRWEB) January 10, 2014
The Building Society Nationwide found that UK property prices rose 8.4 percent in 2013, which brought the median house price in the country to £175,826.
The study explained that steep price hikes in London influenced the national average and it added that average Londoners would have to come up with £345,186 in order to secure a house in the capital, ([Moneyexpert.com reported on 6 January 2014)
“Some people are also saying that the rapid increase in house prices are caused by high demand and low supply in housing across the country,” shared Rick Otton, the leader in buying and selling houses creatively,
“But no matter the cause, there’s still hope for many families struggling to save for a deposit. Buying a house is still very possible with the help of creative strategies if this trend will continue on to 2014,” he added.
Mr. Otton then discussed that creative strategies can help UK residents get a house without applying for new mortgages or a paying a large amount of deposit through vendor financing.
“Vendor financing helps people who don’t have a lot of cash to buy a home because the seller, himself, finances the buyer into the house he’s selling. Rather than demand the buyer to pay everything all at once, sellers offer them flexibility on they can pay for the entire price tag on the house within an agreed period,” he said.
“This kind of setup, however, does not put the seller in the losing end. Because of the convenience of flexible terms, it makes it easier for the buyer to meet the seller’s price. It’s like hitting 2 birds with 1 stone when you think about it. Sellers don’t have to haggle with buyers just to sell houses, while buyers don’t end up waiting for a few years just to get enough cash for a deposit,” he discussed further.
Log on to http://rickotton.co.uk/freereport/ right now to jumpstart your career in property investment today.
About Rick Otton
Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australian and the United States. His creative ‘low-risk, high-reward’ approach to buying and selling houses is exemplified in his own business, We Buy Houses.
This year marks the 10 year anniversary of Mr Otton introducing his strategies to the UK, and the 5 year anniversary of his innovative ‘Buy A House For A Pound’ process – one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.
In 2012 Rick Otton published his Australian book ‘How To Buy A House For A Dollar’ which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.
Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.
Access his free downloadable Power Property Profits Pack at RickOtton.co.uk, as are the details of early bird pricing for his next UK 3-day real estate training conference in March 2014. Phone enquiries in the UK are welcome on 0207 000 1027.