Market analysts would claim that higher house prices is a sign that the market has now recovered from the market slump experienced after the global financial crisis.
(PRWEB) August 16, 2014
The latest regional land report from CBRE exposed that house prices in the South West could rise 10 percent annually from 2015-2019, Western Morning News reported on 9 August 2014.
In light of this property news, Rick Otton, a highly sought-after property coach in the UK, explains that the spillage of price hikes over to other parts of the UK makes it more crucial to adapt creative strategies when buying and selling real estate.
“At this rate, house prices in the South West could reach £207,420 by 2019. This is £20,000 more than current price rates. CBRE senior analysts discussed in the report that what’s happening is a ripple effect of London’s strong property market to different regions in the UK. They added that positive buyer sentiment is also inspiring buyer activity in the region, even if the limited availability of land adds a couple more pounds into the price tags of property for sale,” he shared.
“Market analysts would claim that higher house prices is a sign that the market has now recovered from the market slump experienced after the global financial crisis. However, on the point of view of regular folks around the country, this means added financial burden whenever they want to buy property for sale. This is a big issue, obviously, because not everyone has a large amount of cash stashed away,” Mr. Otton added.
Mr. Otton then said in an interview that RickOtton.co.uk that rather than worry about where to get the money to buy property for sale in other regions of UK, people should just focus on learning seller finance strategies on how to create affordable payment terms.
“One example of seller finance strategies is when a buyer negotiates to assume the existing mortgage and pay the remaining equity in increments. In that way, the buyer can move in the property quickly while minimising upfront expenses. The seller, on the other hand, can immediately move away from any unwanted debt and create a passive income stream in the process. This type of arrangement is faster, more efficient, and advantageous for both parties,” 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.