It’s about time that first home buyers use creative strategies in their quest to home ownership, because if they don’t, other people would take advantage of favourable conditions in the market and lock them out of their dream permanently,
(PRWEB) October 11, 2013
“Current market conditions are very favourable for buyers, whether they are first timers or experienced investors, that’s why a lot of analysts are expecting great sales figures for 2014,” said Rick Otton, the author of the best-selling finance book How To Buy A House For A Dollar.
26,000 first home buyers are expected to flock the Sydney real estate market in 2014, according to new data from LJ Hooker research. The study, which appeared on Courier Mail on 3 October 2013, reported that lower interest rates and improved affordability of houses are the two key factors behind this resurgence.
“The rapid rise of Sydney property prices has locked out a lot of young first home buyers from the housing market for the past few months and it is building up their excitement to finally buy a house of their own. This is definitely great news for the entire market,” Mr. Otton recalled.
“Buyers, however, should be aware that they’re also facing competition against a lot of property investors who took their place in the real estate cycle a few months ago, when the number of first home buyers dropped,” he cautioned first home buyers in a recent interview.
“To get an edge over the competition, first home buyers could use creative strategies to create a more attractive and beneficial deal for him and the seller,” Mr. Otton shared.
Mr. Otton also explained in the interview that if they go with the traditional process of asking the sellers to bring down the price, buyers risk turning off the seller and losing the deal to another person.
“Instead of asking sellers to bring their price down why don’t you offer to buy the Sydney real estate at a higher price? But tell the sellers that before they can get the whole price of the property, they would have to wait for a few years for it,” Mr. Otton suggested.
“This process of delayed gratification, applied with instalment contracts, will not only help the buyer pay for the price of the Sydney property easily, it will also guarantee additional cash flow for the seller,” he explained.
“It’s about time that first home buyers use creative strategies in their quest to home ownership, because if they don’t, other people would take advantage of favourable conditions in the market and lock them out of their dream permanently,” he added.
Rick Otton will be sharing more useful nuggets of information about property investment in his upcoming Sydney real estate event on 12 October 2013.
Make sure to register early at http://www.howtobuyahouseforadollar.com/ to catch Mr. Otton live and in-action this year.
About Rick Otton
For over 23 years property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed - strategies in which transactions are made without the need for traditional bank-type loans. He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular one-day free seminars across Australia, which build on the the concepts he shares in his 2012 book 'How To Buy A House For A Dollar', voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
To register for one of Mr Otton’s free Australian one day seminars visit HowToBuyAHouseForADollar.com.au or phone, in Australia, 1300 888 450