FINDING PROPERTY  
DEALS

FINDING PROPERTY DEALS

The Method

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Finding a property deal means finding a property that is being sold below market value by someone who needs to sell for one reason or another (a motivated seller).

This means that after all expenses and repairs the amount spent to buy and fix it was considerably lower than the valuation of other similar properties in the area.

We must not be deceived by every property that is sold cheaper than the valuation of a similar property in that area because some properties may have a lot of things wrong with them and once those problems were fixed then that would bring the total money spent on buying and fixing that property to the same amount as what similar properties are valued for in that area.

For example:

A house is being sold for £ 100,000 and it needs repairs of £ 20,000 and properties in the area are valued at £170,000, then there may be a deal to be made there if further thorough research and investigations support our findings.

But, if a house is being sold for £ 100,000 and it needs repairs of £ 60,000 and properties in the area are valued at £170,000, then there does not look like there is a deal to be made. I feel this way because, after viewings, purchase, stamp duty, refurb and other expenses the would be no profit left.

This is why I have created the calculators on this website to help and produce estimates for the different property strategies.

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Click Here to see the property calculators.

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There are different ways of finding property deals, but it is important to know that 1 in 100 advertised properties only maybe a deal and hence this is the hardest part of property.

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However, this can be made much simpler and less time consuming by taking advantage of our network and the services of property sourcers.

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Different methods of finding below market value deals include

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1. Internet- Righmove, Zoopla, on the market, auction websites, etc

2. Property networking events

3. Direct to vendor- sending emails, letters, leaflets to potential motivated sellers

4. Friends and family- someone may know someone that needs to sell their home

5. Property sourcers- they will do the finding and charge a commission

6. Newspapers and magazines

7. The Pub

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I would always do my calculations and thorough research before calling anything a property deal. If there is no money to be made why waste my time and effort even calling or going to view the property?

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Finding a property deal is the start. It helps to be a=in a good bargaining position by having a decision in principle, own or investor cash or thinking how to help the seller solve the problem they have.

Not all property sellers are after the money. Some may be struggling to manage and maintain a property and may need for someone to just take the responsibility and headache away.

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I am here to help so please let me know if you have any questions.