Tips To Attract the Best Investors for Your Sell Property Rent Back Scheme
Tips To Attract the Best Investors for Your Sell Property Rent Back Scheme
Real estate investors tend to focus on a number of criteria for making a purchase. If you wish to sell your house fast or put it up for a sell property rent back scheme you have to come across as a motivated seller. Only then can you drive a hard bargain.
Steps to Take for Successful Sell Property Rent Back Schemes
Attracting good investors is never easy. The steps mentioned below could be of help.
Register with a sale and rent back comparison website: The first step is to understand what your investors need. Register with a property comparison website to decide what suits you best. Such websites will assess your situation, compare the market and identify the best investors for you. You thus save a lot of time and can assess your plan afresh.
Fix a Fair Price: How much less can you quote to suit your investor? A motivated seller will have to ensure an overall price that convinces the investor. Research well as the investor will definitely bargain for lower interest rates or a smaller down payment.
Make sure your house needs no repairs: Your home has to be in good shape for a good price. Stained and cracked floors and windows, creaking doors and untrimmed lawns or hedges as also missing and damaged electrical appliances are a loss to you, not the investor.
Know the local market: You drive a hard bargain only when you know the local market. In the absence of this knowledge, you may end up in a deal that is not advantageous to you.
Calculate the price of the house based on the rental cash flow: Investors would be looking for positive cash flows. Therefore the rental income should cover the mortgage payment, taxes and insurance. Once you can calculate this amount, you can determine the price that investors will be willing to pay for your house.
Be flexible in your payment terms: As a seller, you may have to accept payment in different ways. These could be as varied as accepting installments instead of a lump sum for your property because investors look for deals where they have to pay less.
Make Your Home Energy Efficient To Attract the Best Sell Property And Rent Back Offers
Energy efficiency is the new trend in the UK. It is amazing how a little investment can help you reap rich dividends. Here are some ways to do so.