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Showing posts from June, 2023
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  Making an Offer on Probate Properties in 2023 If you are looking towards investing in property then it could well be worth looking into potentially investing in a probate property. These usually represent excellent value for money and as such, they are a sufficient way that you can turn a profit on your purchase. That being said, the whole process of buying is quite unique, meaning that there are added risks and delays which you need to be aware of. If you are considering purchasing a probate property then you should consider the below article which will outline in more detail the best ways you can minimize risk.    Firstly, let’s discuss what probate actually means. Probate refers to a legal procedure where the executor of an estate is responsible for distributing the assets that previously belonged to the now-deceased person. These assets are usually distributed to the beneficiaries of the Will. A lot of probate processes can be relatively easy; however, there are others that are a

Empty Properties: The Solution to The Housing Crisis

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 At the moment, the UK is going through a housing crisis. Throughout the entire country, both rent and mortgages are increasing and with them, the cost of living is also getting higher, meaning Brits find themselves in severe distress. There are a few reasons as to why landlords are demanding so much rent but one of the major factors is simply supply and demand. As the market stands, there are not enough properties available and with this lack of housing on the market, landlords have the ability to charge whatever they would like, whilst still knowing that there is someone out there who will be comfortable paying it. It’s these issues that are playing a massive role towards the UK’s housing crisis, so, what is the solution? It may lie in empty properties. In stark contrast to what other sites have reported, the UK has a massive array of empty properties. In fact, there are about 268,000 properties which have been classed as “long-term empty” properties, which is where they have be

5 Risks to Watch for While Buying Auctioned Homes in the United Kingdom

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If you go to an auction to buy a property, you are putting yourself in a position where you can buy somewhere for an excellent price. It’s also the place to go when you’re looking to buy a property as an investment, as you will likely be able to sell it on for a profit. That being said, you must be aware of some risks that come with buying properties at auction. Throughout this article, 5 of the most prominent risks that apply whilst buying a home at auction are going to be discussed in more detail.  Problem properties are one of the things that make buying an auctioned home a risk. If a property is being sold at auction, it will fail into one of two categories, either normal ones or problem ones. A normal property is where there is nothing specifically wrong with the house, and the owner has instead just chosen to sell at auction because the process is more convenient and quick. On the other hand, you can also get problem properties, which is where the owner has chosen to sell at auct

UK House Sales Predicted to Grow with Property Market Stabilising

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The past few years have been tough as the economy has undergone a large amount of financial turmoil thanks to the pandemic, rising energy costs and general instability throughout the UK government. As a result, there are a lot of people who have previously been interested in investing in property but have been holding off on doing so at the risk of further economic downturn.  A common form of investment for a lot of people is property. If you are currently thinking about whether or not you would like to buy a home then you are likely going to be curious about what is currently happening to house prices. The price of property can have a large impact on your investment, for instance, if there is a drop in the price in an area then you could end up saving money. On the other hand, if prices rise then you might end up paying more for a property than you should and as such, your investment isn’t going to mean as much.  Factors such as the current unemployment rate and the growth in wages bo