Seller finance not only solves one of a home buyer’s biggest struggles when buying a house - which is paying for a huge deposit, but it also helps them create a way to increase cash flow when the boom suddenly deflates.
(PRWEB) February 16, 2014
If the proposed airport in Badgerys Creek is approved, real estate analysts believe that property prices could skyrocket again, and Parramatta could turn into a CBD-style hub, (the Business Spectator reported on 11 February 2014).
“Infrastructure projects are a good way to improve the economy of an area because it creates jobs and promoteS long-term growth. and with the improved economic standing of a certain location comes the increased prices of real estate properties within that neighbourhood,” commented Rick Otton, the host of 2014’s most anticipated real estate event Ready, Set, Boom.
“If the plans were approved, it would be a good time to pick up a few properties in Parramatta while the market is on the rise and prices are not reaching record levels. New Home buyers and property investors should be more careful in planning out their entry and exit strategies when buying houses in a rising market, like Parramatta, AS market cycles eventually change,” he recommended.
Mr. Otton shared that creative strategies can help anyone buy a house in A rising market, since it doesn’t require the buyers to apply for a new home loan or save a lot of cash for deposit.
“Seller finance works well when buying Australian real estate in rising markets, because it makes it easy for both the seller and buyer to agree on a deal. Under this strategy, buyers would buy the property at the price the seller wants it, but, in exchange, the seller must give the buyer some flexibility on how he can pay for the value of the house, rather than just demand a huge lump sum,” Mr. Otton explained.
“Seller finance not only solves one of a home buyer’s biggest struggles when buying a house - which is paying for a huge deposit, but it also helps them create a way to increase cash flow when the boom suddenly deflates,” he said.
Register at http://readysetboom.com.au/ to secure your free tickets to Rick Otton’s Ready Set Boom one day training event in Parramatta on 16 February 2014. Limited seats are available so it’s advisable to register early.
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 ReadySetBoom.com.au or phone, in Australia, 1300 888 450.