The affordability of property for sale isn’t based on market conditions where it is located or its price tag. Rather it’s based on the flexibility of the payment terms agreed upon by the buyer and seller.
(PRWEB) July 05, 2014
House prices in London are growing 2 times faster than the rest of the UK. London house prices jumped 17 per cent last year, while the East experienced 7.8 per cent growth, Wales suffered through a 3 per cent increase, and the North East gained 2.9 percent price hikes, Zoopla Blog reported on 1 July 2014.
“London property prices have always been ahead of the rest of UK due to various factors. One of the biggest reasons is that there are a lot of migrants coming in to the capital, and this creates high demand for real estate and dwelling places in the city. So with the tight supply and high demand for property, there’s no surprise that prices are accelerating at a faster pace in London compared to other regions,” according to Rick Otton.
“However, just because there are certain circumstances unique to London doesn’t mean that its residents won’t be able to purchase property anymore. Believe it or not, there are alternative property solutions available in the market which can help any person create affordable terms anywhere the country, and all of this can be accomplished even if you don’t have new mortgages or high cash reserves for a deposit fee,” he said.
Mr. Otton then shared in an interview for RickOtton.co.uk that the flexible payment terms applied in seller finance strategies make it possible for anyone to purchase property anywhere.
“The affordability of property for sale isn’t based on market conditions where it is located or its price tag. Rather it’s based on the flexibility of the payment terms agreed upon by the buyer and seller. We’re just used to the belief that lower prices immediately correlate to affordability, because it’s what we’ve been taught. Unfortunately, the old conditions which made this process successful aren’t in place anymore, that’s why there’s a need to replace the old systems with newer ones that can adapt to the current market environment,” he discussed.
Visit http://www.rickotton.co.uk/ today to get more information about creative seller finance strategies and how these strategies can be applied in changing market conditions.
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.