Tips to Find the Best Real Estate Deals in Rainham
When you’re looking to buy a property in the market, you’re going to want to find the best deal possible. After all, who wouldn’t love to save a few thousand pounds on their real estate investment? If you’ve been thinking about buying a house in Rainham, here are some tips for finding the best real estate deals in Rainham.
Hire a good real estate agent
If you’ve been looking to buy a home in Rainham, first of all, you need to get in touch with the best estate agents in Rainham. You don’t have to hire just one estate agent, and you can work with multiple agents! Not only will these estate agents be able to show you the best possible properties that are available in the market, but also, they have a good understanding of the local market, and they might even be able to negotiate a good deal for you.
Go to property auctions
Property auctions are a great way to find good real estate deals. To save time, it is highly recommended that you open the auction catalogue beforehand. Hence, you have a fair idea of the type of properties being auctioned, the budget, the location, etc. Property auctions are a sure-shot way of finding good real estate deals, but with that being said, it is important to do your due research before buying a property at an auction. If there is anything fundamentally wrong with the property, you might have to spend thousands of pounds on repairs and fixing damages.
Check out properties online
One of the best ways to find good deals is by looking for properties online. Many times, sellers do not want to hire an estate agent to help them make the sale. In that case, they simply list their property online. Now, due to the Covid-19 pandemic, virtual viewing has become the way of the future, so more and more sellers have started listing their websites online. By looking at properties online, not only will you be able to filter properties, but you will also save a whole lot of time, money and effort by viewing properties from the comfort of your home! If you get in touch with sellers directly, you might just be able to crack a good deal, and you will save thousands of pounds just by cutting out the middleman.
Always make a good offer
This is especially important for distress sales and new developments. Usually, a seller or a developer will negotiate a price based on the offer made by the potential buyer. To get a good deal, you need to make a good offer:
- You need to do your homework to have a fair idea of the average selling price of properties in the neighbourhood. Based on that, you should make an offer.
- You should never make an offer that is too low, as that could rub the seller the wrong way.
- If the seller isn’t willing to negotiate too much with the selling price, you can ask them to throw in a couple of appliances or some furniture, which eventually works out as a great deal!
Try to find a repossessed property
When a buyer takes out a mortgage, they are obligated to pay back the bank within a certain time period. If the buyer defaults, the bank repossesses the property and then puts the property up for sale to recover the mortgage amount. If you’re trying to find good real estate deals, you should try to find a repossessed property. Since the seller is highly motivated, you can get such properties at really low prices!
Look at properties that have been on the market for a while
We’ve all heard the saying, and the early bird gets the worm. However, to get a good deal, you might have to go the opposite way. When a property has been on the market for a very long time, sellers are usually desperate to get rid of it. So, if you happen to come across a property that has been on the market for years, you can probably buy that property for a very low price. Of course, to get a good deal, you need to be an expert negotiator. But, in some cases, sellers might be so happy to finally have an offer that they will be more than willing to settle for a low offer.
Find properties that are not listed, yet
Say, you’re going from your house to your place of work. Instead of taking the same route every time, try to take different routes and keep your eyes peeled. You might just see a moving truck outside your dream house! The point is, if you are willing to drive around town and look for potential properties that might be listed soon, you can talk to the owner before they even get a chance to list the property. In that case, any offer you make will be highly appreciated!