Making the terms flexible for both buyers and sellers is the secret of seller financing.
(PRWEB) September 17, 2014
New research from Knight Frank found that price-growth for London proeprty is slowing down as more vendors realise the demand is waning due to uncertainties brought about by impending interest rate hikes and upcoming elections, Countrylife.co.uk reported on 8 September 2014.
Now that vendors are becoming more realistic with the expectations, Rick Otton, a respected property coach in the UK, explains to London residents that now’s a good opportunity to grab a houses for sale through flexible payment terms.
“Data collected from June to August states that the average price for prime London property jumped to £4.7 million, and this alleged price correction is attracting buyers back into the market. In fact, there was a 17 per cent increase in sales from the same period for properties priced £5million and above, and another 7 per cent rise for real estate sales across all price ranges,” he said.
“We’ve all been reading reports for the past couple of months that many people are being forced out of the market, because of unbelievably high property prices, and this period of price correction is a good window of opportunity for regular folks to enter the property market, especially with the flexibility that seller finance provides.” Mr. Otton said.
Mr. Otton then shared in a recent interview for RickOtton.co.uk how seller financing has helped thousands of people buy a house and, sometimes, even create a profitable property investment portfolio for themselves.
“Making the terms flexible for both buyers and sellers is the secret of seller financing. For example, rather than take out a new home loan, a buye may negotiate to assume the existing loan and pay the remaining equity in increments. In that way, the buyer will be able to minimise upfront costs. The seller, on the other hand, will be able to move away from unwanted debt quickly while creaitng passive income at the same time,” according to Mr. Otton.
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.
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.