Well it's done! This was probably the easiest deal I have ever done. You will remember reading about this one for sure, but now that it's all completed, done and dusted I'd like to give you a bit of a summary.
A client came to me asking for my expertise. He wanted to acquire a property and use it as a vehicle for wealth. He wasn't ready to become a landlord yet, he wanted to "grow his cash pot" - his words. Amazing coincidence was that a day before I had let a deal go because it did not fit my criteria - everyone knows I love a good rental property!
This particular property needed to get sold ASAP and presented a prime opportunity for a quick refurb and resell, a Buy-to-Sell (BTS).
Terms were agreed between the investor and I and I would charge a fee for the project management and the sourcing of the investment, it came through my network of contacts of course!
I priced up the deal and the property was purchased. Alas we did encounter some problems during the…
Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down ... the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.
… And that made me think … is there just one Clapham Property Market or many?
I like to keep an eye on the property market in Clapham on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in Clapham, be that a buy-to-let property for a Clapham landlord or an owner occupier house for a home owner. So, I thought, how could I scientifically…