But even for non-first-time buyers who miss out on these programs, it is still very possible to structure affordable deals by utilising alternative strategies like seller finance.
(PRWEB) July 07, 2014
Property analysts in the U.K. have reached a conclusion that property for sale is becoming more affordable for first home buyers because of the government’s Help To Buy scheme, and over three-quarters of homebuyers in England and Wales paid less than the asking price within the past year, firstrungnow.com reported on 1 July 2014.
In response to this news, Rick Otton, a highly sought-after property coach, tells U.K. residents that they can amplify the positive effects of the government’s Help To Buy scheme when they enter the real estate market using seller finance strategies.
“Latest government figures revealed that around 35,000 houses for sale were sold in the UK through Help To Buy, and almost 85 per cent of the Help To Buy equity loan sales were awarded to first home buyers. It’s evident that with the government’s efforts, UK residents, especially first home buyers, have finally gained their footing in the real estate market. But even for non-first-time buyers who miss out on these programs, it is still very possible to structure affordable deals by utilising alternative strategies like seller finance,” according to Mr. Otton.
“Through seller finance, home buyers around the country could further improve their chances of buying property for sale because it helps people get more affordable payment terms from sellers,” he said.
Mr. Otton explained in a recent interview for RickOtton.co.uk that seller finance strategies can help buyers create convenient payment terms because it doesn’t require buyers to have new mortgages or save up large sums of cash for deposit fees.
“The biggest obstacle that homebuyers face when buying property for sale is getting enough financing. And by assuming existing loans and the need to come up with large deposit fees, the buying process becomes much simpler for all parties,” he shared.
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.
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.