I have purchased rather a few properties in the last few years, all of which I have added substantial value to. Naturally it's key to refinance in order to take some of that newly created equity out. I thought I'd share 7 Top Tips with you, so here we go!
Remember - if you're looking to acquire an investment property and you need help, drop me a line and let's start the conversation. Whether you would like to have me help you acquire your next property or whether you would like a more hands-off investment, there's never been a better time than now to enter the market. I am currently fundraising for further projects so if you have savings in the bank that are not earning enough get in touch to see how you can earn 10x returns.
The current average value of a property in Clapham currently stands at £851,200, so what will the recent increase in the base rates at 0.75% do to the local property market (especially property values)? In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to go back over 40 years, to 1975.
The average value of a Clapham property in 1975 was £41,208
However, since 1975, we have experienced in the UK, inflation of 807.5%.
Back in 1975, the average salary was £2,291 and average car was £1,840. A loaf of bread was 16p, milk was 28p a pint and a 2lb bag of sugar was 30p. Inflation has increased prices, so comparing like for like, we need to change these prices into today’s money. In real spending power terms, an average value of a Clapham house in 1975, expressed in terms of today’s prices is £374,011.
That means in real terms, property costs a lot more today, th…
Whether you are a Clapham landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home, finding a buyer and selling your property can take an annoyingly long time. It is a step-by-step process that can take months and months. In fact, one of the worst parts of the house selling process is the not knowing how long you might be stuck at each step. At the moment, looking at every estate agent in Clapham, independent research shows it is taking on average 76 days from the property coming on the market for it to be sold subject to contract.
But trust me ... that is just the start of a long journey on the house selling/buying process. The journey is a long one and therefore, in this article, I want to take you through the standard itinerary for each step of the house selling procedure in Clapham.
Step 1 – Find a Buyer
You need to instruct an estate agent (of course we can help you with that) who will talk through a marketing strategy and pricing str…