| The property market is falling and house | | | | requires any updating or modernising because |
| prices are over 8% lower than this time last | | | | there is less demand from buyers. It's not a |
| year. It's a buyers market and here we look | | | | quick way to make money but if you are |
| at the property opportunities. | | | | willing to wait until the market is on the |
| | | | rise you will have a better investment. You |
| The falling property market makes it a buyers | | | | would buy the property at a bargain price, |
| market and in parts of the UK there are 15 | | | | renovate it and then cash in once the market |
| sellers for every buyer. If you are in a | | | | has turned. After all, remember prices are |
| position to buy, perhaps you have a deposit | | | | predicted to rise 25% by 2012. To find |
| and mortgage secured, or you are a property | | | | property in need of updating try |
| investor, then you have the opportunity to | | | | |
| buy a bargain. Every market has a winner: | | | | If you are a first time buyer and you have |
| with property rises the sellers are the usual | | | | secured a mortgage then buying a property to |
| winners, with property falls the buyers are | | | | update is likely to be a good investment. |
| the usual winners. Of course it is not as | | | | First time buyers are currently hard to find. |
| black and white as this - both parties have | | | | You will be a very attractive buyer and can |
| to gain enough to go ahead with the deal so | | | | make a very low offer. You can then update |
| you have to find the right deal to make it | | | | the property as you are living in it, and |
| work. | | | | when the market picks up you could sell, or |
| | | | rent it out and start the process again. |
| Factors for buyers to consider are: sellers | | | | |
| are afraid about how much the market will | | | | If you are a cash buyer then again, the |
| worsen and therefore may accept a very low | | | | falling market is an opportunity for you. You |
| offer. Some sellers are prepared to pay your | | | | will be highly sought after by sellers and an |
| stamp duty saving you more thousands. Some | | | | excellent deal may be had. Keep looking for |
| sellers may then also add in more extras such | | | | properties, using search engines such as and |
| as bonus house and garden fixtures, furniture | | | | wait for the right property. Let agents know |
| or even cars. It could be well worth buying | | | | that you are looking in case they have a |
| before the property market has bottomed out | | | | potential seller on their books - knowing |
| because with these extra bonuses, your offer | | | | their property might sell quickly to a cash |
| might well be lower than it would be once the | | | | buyer might be enough incentive to put it on |
| market has bottomed out. | | | | the market. |
| | | | |
| If you are after an even bigger bargain then | | | | It is a buyers property market, a deal can be |
| you could buy a property to renovate. There | | | | struck and buyers can buy a bargain. |
| will be bigger savings on property that | | | | |