when house prices increase, the deposit that home buyers have to pay rises with it, and with the stagnant wage rate, it would take a long time before regular folk can save up that kind of cash
(PRWEB) March 11, 2014
House prices in the UK consistently rose 2.2 percent monthly from December 2013 to February 2014, the Mortgage Finance Gazette reported on 6 March 2014.
The report added that house prices have been steadily rising in the past 11 months, and that the average home in the UK now costs £179, 872.
“The U.K. is experiencing a property boom right now, and the usual effect of a healthy real estate market is the continuous increase in house prices. This may be good news for many property investors who have been waiting a long time to grow the value of their investment property. But there is also a downside. It also becomes harder for investors to buy and grow their property portfolio,” commented Rick Otton, a sought after property coach for over 10 years.
“I say that increased house prices are a burden to home buyers, because when house prices increase, the deposit that home buyers have to pay rises with it, and with the stagnant wage rate, it would take a long time before regular folk can save up that kind of cash,” he explained further.
Mr. Otton then shared with a new interview for his Zero Debt Property Cashflow Bootcamp that the best solution to real estate problems is to think creatively.
“Home buyers around the U.K. should start changing their mindset that there is only 1 way to buy a house; and that is through getting new mortgages and a paying a large deposit for it. Times have changed and people need to adapt before they end up being renters their whole life,” according to Mr. Otton.
“One way to buy houses for sale creatively is through seller finance. Under this solution, sellers get to sell their property at the price they want. In exchange, they have to give the buyer flexibility on how they can make payments. At the end of the day, it’s in the flexibility of the terms that creates affordability,” he shared.
For more info on how to grow your property portfolio in a rising market, you can catch Rick Otton’s live training seminar on 21-23 March 2014. Log on to http://rickotton.co.uk/conference/ to reserve a seat to Rick Otton’s 3-day Zero Debt Property Cashflow Bootcamp.
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.