<![CDATA[propertysourcingsquad.com - Blog - Property Sourcing]]>Mon, 20 May 2024 15:51:10 +0100Weebly<![CDATA[The Ultimate Guide - What You Need to Know When Buying a House]]>Tue, 15 Aug 2023 21:04:01 GMThttp://propertysourcingsquad.com/blog/the-ultimate-guide-what-you-need-to-know-when-buying-a-houseWhether you're a first-time buyer taking your initial steps on the property ladder or a seasoned investor adding to your portfolio, the journey of buying a house is a significant and exhilarating endeavor. In this blog post, we're diving deep into the crucial aspects you should consider when embarking on this exciting journey.
1. Research, Research, Research: The foundation of a successful house purchase lies in thorough research. Begin by understanding the local property market, neighbourhood trends, and the types of properties available. Dive into property listings, attend open houses, and engage with real estate experts to gather insights that will guide your decision. [Or, you could schedule a free call with Property Sourcing Squad and we take care of it!] 

2. Define Your Priorities: Every house hunter has a unique set of priorities. Whether it's location, size, amenities, or budget, clearly defining what you're looking for will help you narrow down your options and make a more informed choice.

3. Financial Planning and Budgeting: Buying a house is a significant financial commitment. Before you set out, ensure you have a clear understanding of your budget, including factors like deposit requirements, mortgage rates, property taxes, and potential renovation costs. Consulting with a financial advisor can help you align your expectations with your financial capabilities.

4. Viewing and Inspection: Seeing is believing, and viewing properties firsthand is essential. Take your time during property viewings to assess each house's condition, layout, and potential renovation needs. Don't hesitate to ask questions about maintenance, repairs, and any issues you might spot. 
[Or, you could schedule a free call with Property Sourcing Squad and we walk you through the process and find your best property!] 

5. Due Diligence: Due diligence is paramount. Before making an offer, conduct a thorough investigation into the property's legal status, ownership history, and any potential disputes. Working with a qualified solicitor can help ensure a smooth and legally sound transaction.

I recently viewed a property for an investor which has Japanese Knotweed on it. This makes the structure of the property subject to damage and risk. Usually, mortgage lenders won't lend on this type of property however a surveyor would instantly pick this up. There's an expensive 3-year treatment process where the Japanese Knotweed has to be removed by certified service providers, destroyed properly under controlled conditions and then continually surveyed for resurgence of the invasive plant that damages a property's foundations. 

The price of the property was significantly below market value due to the problem. It was an old coach house with 2 bedrooms and 2 bathroooms however it is complex to find mortgage lenders that would support the investor in purchasing this property. We moved on to another property. 

6. Offer and Negotiation: Crafting an attractive offer is an art. Work with your property sourcing team or real estate agent to determine the right offer price based on market analysis. Be prepared for negotiations and be open to finding common ground with the seller.

On a buy-to-let property, we negotiated that 85% of the furniture remain in the property, as the vendor was moving in with their partner, and she would not need it in any case. This saved the investor at least £3000 which was almost the equivalent in the solicitor's fee.

7. The Legal Side: Once your offer is accepted, legal proceedings kick in. Your solicitor will guide you through the legal process, including property searches, title checks, and the exchange of contracts. This phase ensures that the property is legally fit for transfer.

8. Financing and Mortgage Approval: If you're financing your purchase through a mortgage, work closely with your lender to complete the necessary paperwork and secure mortgage approval. Ensure you understand the terms, interest rates, and repayment schedule.

9. Final Walk-Through: Before the big day arrives, perform a final walk-through of the property to ensure it's in the expected condition and any agreed-upon repairs have been made.

10. Closing the Deal: Congratulations! It's closing day. Sign the paperwork, transfer funds, and officially take possession of your new home. Celebrate this milestone in your property journey!

Remember, buying a house is both a practical and emotional decision. Having a trusted property sourcing partner by your side can greatly simplify the process and provide you with expert insights.

Whether you're in search of your dream home or seeking an investment opportunity, our team at [Your Company Name] is dedicated to helping you make the right choices. Reach out to us for guidance, tailored solutions, and a smooth house-buying experience. Happy house hunting!
<![CDATA[How Property Sourcing Squad Simplifies Your Property Journey]]>Tue, 15 Aug 2023 20:28:45 GMThttp://propertysourcingsquad.com/blog/how-property-sourcing-squad-simplifies-your-property-journeyIntroducing Our Property Sourcing Service
Our Innovative Property Sourcing Solution
Welcome to our blog, where we're excited to share the ins and outs of our cutting-edge property sourcing solution designed to revolutionize your property buying and investment journey in the UK.

At Property Sourcing Squad® Ltd, we understand that the world of real estate can be complex, competitive, and at times overwhelming. That's why we've crafted a comprehensive and innovative property sourcing solution that puts the power back in your hands.

Unlocking Hidden Opportunities:
Gone are the days of tirelessly scrolling through property listings or missing out on potential gems due to limited visibility. Our solution grants you exclusive access to hidden opportunities that might not be readily available on the market. Our expert team scours the landscape to uncover prime properties that align with your unique preferences and investment goals. 

With our professional suite of tools and systems, we source homes and buy-to-let properties with solid investment opportunities and opportunity for appreciation. 

Expertise that Drives Success:
Navigating the intricacies of property buying and investment requires a wealth of expertise. With Property Sourcing Squad®, you're not alone. Our seasoned professionals provide you with data-driven insights, market trends, and personalised guidance that empower you to make informed decisions. Whether you're a first-time buyer or a seasoned investor, our expertise is your advantage.

Searching for bespoke property investment for first time buyers benefits from our hand-holding through the process looking for suitable first time homes with an advantage for below market value prices, faster turnaround on finding properties and negotiation with experience to achieve the best deal possible.  

Tailored to Your Needs:
No two property buyers or investors are the same, and we understand that. Our solution is entirely customisable, adapting to your distinct requirements. Seeking a family home? Exploring buy-to-let opportunities? Looking for your next portfolio addition? We've got you covered with tailored solutions that align with your aspirations.

Seamless Experience, Every Step of the Way:
Say goodbye to the overwhelming paperwork and complex processes. We're here to streamline your journey from start to finish. Our solution encompasses everything from property searches and due diligence to negotiations and some legal aspects, ensuring a seamless experience that lets you focus on what truly matters.

Transparency and Trust:
At the heart of our approach lies transparency and trust. We believe in forging long-lasting relationships built on honesty and integrity. That's why we provide you with the assurance that your interests are always our top priority.

Join us on this blog as we delve deeper into the world of property sourcing. We'll be sharing success stories, industry insights, tips, and expert advice to empower you on your property journey. Get ready to redefine your approach to property buying and investing with Property Sourcing Squad® Ltd.

Discover the possibilities. Elevate your strategy. Welcome to a new era of property sourcing excellence.