Many home buyers in the U.K. are struggling with the sudden jump of house prices, especially in large cities, because they feel that they wage rates around the country are not at pace with the cost of living.
(PRWEB) March 31, 2014
The Office for National Statistics (ONS) revealed that average house prices throughout the U.K. reached £254,000 last January, the Telegraph reported on 25 March 2014.
ONS added that median house price for London is at £458,000, South East real estate costs an average of £316,000, and prices at West Midlands are at £266,000.
“Many home buyers in the U.K. are struggling with the sudden jump of house prices, especially in large cities, because they feel that they wage rates around the country are not at pace with the cost of living. At this point, some people believe that it would take them years before they can save up enough cash just to pay for a deposit,” commented Rick Otton, a respected property coach in the U.K.
“This problem, however, is just a product of the traditional thinking on how to solve property problems. The old process tells us that you need money to get in and out of properties, but the truth is that property problems could be solved without breaking the bank,” he explained.
Mr. Otton then shared in a new interview for his Free Pack that the new standard in buying and selling houses is through flexible payment deals between buyers and sellers – also known as seller finance.
“Making flexible payments simply means letting the buyers into a property without forcing them to pay a large amount of deposit. More importantly, this kind of setup also favours the sellers, since they won’t have to wait for a few years just to find someone who can afford to pay the deposit fee for their property for sale,” according to Mr. Otton.
For more info on seller finance and how to grow your property portfolio without paying a large amount of cash, just visit http://rickotton.co.uk/freepack/ today to get your copy of Rick Otton’s limited edition Power Property Profits Pack.
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.