Rental accommodations in the country are becoming more and more expensive every year, and this makes the dream of home ownership harder to reach for most people
(PRWEB) January 13, 2014
Spareroom.com.uk recently conducted a survey involving 1,629 landlords and found that 4 out of 10 the respondents plan on raising their rents this 2014. They also learned that almost 26 percent intend to raise rent by more than 3 percent, (24dash.com reported on 6 January 2014).
“Rental accommodations in the country are becoming more and more expensive every year, and this makes the dream of home ownership harder to reach for most people,” commented Rick Otton, a pioneer in creative strategies used to buy and sell houses.
“This news will not only impact people who have decided to live permanently on rental properties, but also those saving up for a home as more of their money will be funnelled into paying monthly rents rather than save up for houses for sale that could get them off the rental treadmill,” he explained further.
Mr. Otton, however, shared in a recent interview for the Free Report that renters around UK shouldn’t be alarmed with the impact of rent increase on their chance of buying a house, because creative strategies can help them buy a house without paying a large amount of deposit or new mortgages.
“Buying houses creatively is slowly becoming the new standard after the global financial crisis. Since then, it’s become harder for people to save for a deposit or take out a new loan to buy a house. So I came up with strategies on how people can start purchasing their own homes without depending on the traditional modes of payment,” he shared.
“To do this buyers agree to pay for the house at the price the sellers want, and, in turn, the sellers give the buyers some flexibility on how long they will make the full payment on the property. This way, buyers don’t end up taking years to save up for a house, while sellers generate steady cash flow every month,” Mr. Otton added.
For more info on Rick Otton and his creative property investment strategies, visit http://meetrickotton.co.uk/freereport/.
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.