Some U.K. residents are finding it hard to buy a home because they’re stuck in the old process of buying and selling houses
(PRWEB) March 30, 2014
In march, house prices in the U.K. have grown consecutively for 15 months and UK economist David Tinsley expects prices to grow up to 10 percent this month, (Express.co.uk reported on 23 March 2014).
Previous data revealed that the last time the country experienced double-digit growth for house prices was last April 2010, and prices rose 10.5 percent during that period.
“When the market is up, expect house prices to go up with it. Sellers are having a great time right now, because property values are higher than ever. But some home buyers are having problems investing in houses without spending a lot of cash,” according to Rick Otton, a sought after property coach in the U.K.
“Some U.K. residents are finding it hard to buy a home because they’re stuck in the old process of buying and selling houses for sale. I’ve told my students time and again that you can’t solve new problems with old solutions. We all have to accept that even though the property market follows a cycle, things have changed a lot since those processes were put first put into place. So some of the solutions it offers will not work as well as before,” he said.
Mr. Otton then shared in an interview for his Free Pack that the new standard in buying and selling houses is to make payments more flexible between buyers and sellers.
“Rather than force people to come up with a 20 percent cash deposit before they can buy a property for sale, it’s so much easier for buyers and sellers to enter an agreement where the buyer can purchase a house with just a small fee. This is more practical since not everyone has a ton of cash lying around their house just to pay a deposit,” commented Mr. Otton.
For more information on seller finance strategies 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.