In this section of our website you can browse a selection of ‘Below Market Value Property’. So, what do we mean by market value?
At Choices Acquisitions we define normal market value as the usual price you could expect a willing Buyer to pay a willing seller within about three or four weeks of the property being marketed by a competent local estate agent.
As a result of our extensive advertising and contacts, we are constantly approached by sellers who, for many reasons, want a quick and certain sale, have failed to do so through their local agents and are prepared to offer a significant discount from normal market value to achieve one.
First we carry out due diligence to establish the normal market value of their property and then apply a discount of between 10% and 20%. This is very different from negotiating a 10%-20% discount from the marketing price, for example;
If a seller has been on the market for a few weeks at say £230000 and has had no offers, we may conclude that in order to achieve a sale through their agent they need to reduce their price to say £199000. It is from this reduced price that we would apply our discount, so in this example we may offer their property to our clients at £159200-£179900.
Clearly what the seller is entitled to in return for the discount is a quick and certain sale. For this reason before you can receive the full details of these properties you will need to become a registered client.
In the meantime you are free to browse our online selection, however please bear in mind that these properties go fast and to receive details as they come available you will need to become a registered client.
For more details about our full range of services to property investors complete the enquiry form or call us on 01342 840000
 |
|
* Mandatory fields. |
|
