7 Deadly Sins Committed at Property Auctions

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Property auctions pertain to a type of accelerated marketing and public open cry bidding process that trade real estate assets in a competitive and fast-paced platform. It’s a great venue for both sellers and investors but also one that comes with risks. They necessitate a lot of grit and careful strategy and not to mention enough courage. These things are no doubt not for the faint hearted.

bidderBut even so, they attract a wide range of market. Not surprising as it comes with its numerous perks. If you want to win at property auctions then you must, by all means, avoid the following deadly sins.

1.    Excessive Bidding – Always set a spending limit otherwise you’ll burn a hole through your bank account. That or suffer the shame of a winning bid you can’t stand up for.
2.    Lack of Understanding – Before stepping into the playing field, make sure that you’ve got your arsenal ready and strong. This means having done adequate research and reading through the procedures and requirements of the auction.
3.    Zero Research – A newsletter, brochure or site list shall be provided days prior to the event. Make it a point to read through it and carefully shortlist properties that fit your needs and budget. Don’t hesitate to look them up.
4.    Survey Absence – Pay the asset a visit, at least the ones you’ve shortlisted and are willing to bid for. Have them surveyed too so you’d know that you’re getting value for your money.
5.    Being Too Transparent – Never divulge information both to sellers and co-bidders. They can use that against you which will trample your game play. Of course, nobody wants that so keep those cards as close to your chest as possible.
6.    Emotion over Logic – Always know the reasons behind the purchase. Why are you getting that asset and for what? Don’t let emotions ride over those needs or you’ll end up regretting an impulse buy.
7.    Inadequate or Improperly Timed Resources – Property auctions have very tight payment timelines and one has to be financially ready in order to commit and participate. For instance, an upfront down payment in cash which can reach at least 10% of the total winning bid will be required with the remaining balance to be paid over the course of the next 28 days. If you want your bid honored, make sure to arrange financing ahead of time.

Factors to Consider in Choosing UK Investment Property

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uk investment propertyChoosing an UK investment property is serious business and even that is an understatement. Whether it’s for business or for personal use, the job entails a lot of work and is riddled with complexities. Nonetheless, it’s one that needs to be done regardless.

LOCATION – When it comes to choosing an investment property, there’s no question about the importance of location. It spells a lot from convenience to safety to functionality. Depending on one’s needs, this will vary so be sure to understand yours.

VALUE – It’s no doubt that value varies diversely from one asset to another and the presence of various factors, including those in this list, play a role. Whatever the case, it is important to assess the current market value of the asset so as to determine whether its price point is reasonable and worth the trouble.

CONDITION – It would be silly to buy any asset that’s in bad shape. There’s always the chance to flip but even that can be risky and is left to experts who are not afraid to lose big. It is for this reason that buyers need to have the investment property surveyed beforehand to check for any hiccups.

FUNCTIONALITY – Depending on the intended purpose of the asset, the compatibility between an asset at hand and one’s requirements will vary. For instance a house will not be bought for the same purposes as an office and vice versa. It is an important consideration for obvious reasons because why waste your money on something you don’t need or won’t live up to your requirements?

FEATURES – Each asset is unique as they say. Others will have special details or features that some won’t. Much like functionality, these features are to be considered but apart from needs, these can satiate wants too. For example, a garden or a pool for a house or a two floor parking space for a commercial building.

USEFUL LIFE – The longer the remaining useful life on the asset the better. This means that in terms of functionality and value, it still has a lot to go and will be able to serve you longer.

SAFETY – Last but not the least, safety is a very crucial factor to check and assess when choosing an investment property. It is important to safeguard both possessions and people and not to mention that this here affects the asset’s value and attractiveness.


Do’s and Don’ts to Commercial Property for Sale London

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commercial-propertyPutting a commercial property for sale in London can take its toll on just about anyone even the seasoned real estate broker. The deed is pretty taxing but with the right strategies and procedures, it need not be as taxing as it’s presented to be. That said, here are some do’s and don’ts to get the ball rolling.

Do prep it up ahead of time. You cannot expect to sell a defunct and forlorn looking asset for a good price even if it’s in an economically strong city like London. That’s like asking the sky to make it rain diamonds. In order to attract interested buyers, you have to make sure that the property looks appealing and is entirely functional. You have to make the needed repairs and updates. A fresh coat of paint would even do wonders. Increase the curb appeal. You can even stage the property. Make that effort and it’ll pay off.

Don’t forget to target your audience. Selling a commercial property is still business at the end of the day. This is also the reason why you need to know your market and cater to their needs. Find out what they’re looking for and where they’re looking at. Depending on factors like location, accessibility, foot traffic, neighboring establishments and structure type, your market can vary.

Do make use of effective advertising tools. Marketing is a primal need when it comes to this task thus the need for advertisements. You need to communicate the asset’s availability otherwise nobody will step up to take it no matter how great the offer is. There are many ways to market an asset and your budget and your target market are deciding factors here. You can go traditional, digital or both. Make sure that you take advantage of free but effective channels too such as social media and word of mouth.

Don’t make the asset hard to visit. An open house, referred to as a period of time during which a commercial property for sale in London is open to the public for viewing, is very crucial. Buyers are sure to be turned off by assets that cannot readily be personally seen and more so for those that are hard to visit. Others would even want to have it surveyed prior to contract closing. Make it easy for them. Make visiting schedules known and allot time to it.


Do’s and Don’ts to Buying an Investment Property

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property_investment_1Buying an investment property is serious business and why not? After all, we’re talking about massive assets here not only in the literal sense but also financial-wise. Painstaking it may be but one has to spend adequate time in planning and thinking things through. That said, here are the do’s and don’ts to the task.

Do get your financing ready. Because properties cost considerably much, pooling enough resources in their acquisition will likely take time. One has to carefully identify and select the best available sources and prepare them ahead.

Don’t go beyond your means. In other words, make it a point to budget. Remember that getting an investment property has more to it than meets the eye. You’ll have to shed cash prior, during and after its purchase. Make sure you don’t go out of budget or it’ll spell financial trouble.

Do identify your goals. What’s the purpose behind the acquisition? Make sure to identify the end goal and the means to its achievement. Stick to them to avoid taking detours and wasting resources.

Don’t let emotions drive decisions. Doing so won’t do any good. Again, revert back to the previous item in our list.

Do perform prior research. Look up the property and find out everything you can about it. Have it pre-surveyed too before closing. Check if there are any liens or encumbrances on it as well.

Don’t believe the listing straight away. Take seller information with a grain of salt. As mentioned, research well. Agents will want to sell fast and sales talk can inadvertently happen. Check and validate the facts yourself.

Do ask for the proof of ownership. See to it that you are transacting with someone who has the right to sell the asset. Proof of ownership should always be validated before papers are signed and cash is paid.

Don’t undermine the value of opinion. Ask the local neighborhood about the investment property. You’ll never know what you can find. Remember research?

Do pay it a personal visit. It would be silly to buy a real estate asset without having to pay it a visit first. That’s simply a recipe for disaster. Photos, although good, will never suffice and do things justice.

Don’t be afraid to ask for help. When in doubt and you need help in buying an investment property, don’t hesitate to call a professional for help. It may make you shell a few extra pounds but that’s nothing compared to the losses suffered from a wrong decision.


Removal Firms and Moving Into a Commercial Property Investment in UK

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removal-firmsMoving into a new commercial property investment in the UK can be exciting especially if it’s brought about by growth and expansion. What entrepreneur doesn’t want that? But it’s no secret that such tasks can be lethally laborious and at some point may require the business to go on a little hiatus. As they say, a company in transit means operations on pause. This is why owners and officers choose to hire professional removal firms to help them with such massive project. What benefits do they exactly bring? Check these out.

  • They’ll absorb the stress for you.

Moving is very stressful and it makes it harder for you to focus in the more important aspects of your business and that’s income generation.  Having a skilled team to do almost if not majority of the moving, you’ll be saved from all the stress that it entails. More importantly, you get to continue doing what you do best and what you should be focusing on and that’s running your company.

  • They’re trained and seasoned professionals.

These companies are both well trained and well equipped when it comes to moving offices and even entire businesses. They know what supplies to use, how to pack you’re smallest to your biggest equipment and machineries, how to fill a van, how to assemble and disassemble furniture and the list goes on. In other words, they know what to do and how to do them the best way possible.

  • They’ll even mentor you on things.

Even with professionals doing things for you, there are tasks that companies and its employees must do on their own. For instance there’s backing up of files and important documents as well as packing of highly confidential papers and even personal possessions. They can give the best advices and tips from the simple packing to the more complicated stuff. They’re after all experts in the field so what better way to learn than from the pros themselves? They can even assist and do the planning for you including the calculation of days it will take to complete the entire process and what services will best fit your needs.

  • They ensure safety of all your assets.

With professionals spearheading the move to your new commercial property investment in the UK, you are assured of the safety and security of your assets. Apart from them being trained and well-equipped, their services come most often with insurance.

UK Property Investment: Why Buy a Multi-Purpose

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mixed-use-buildingA multi-purpose UK property investment, as its name suggest, is an asset designed to serve more uses and therefore is versatile in nature. It’s a combination of residential and commercial spaces in one.

This type of investment has its perks and if you’re planning or at least considering putting your money in one then you’ll definitely want to know the various benefits it offers. Check out this list and see for yourself.

1.    It’s versatile to say the least.

A good example of a multi-purpose property would be a condominium building. Many of these assets are designed to have retail spaces at the ground floor, office spaces in the next few floors and then residential units for the rest. The dynamics of this type of investment screams versatility.

2.    It caters to more than one market.

Because it serves not just one but two and sometimes more markets, it is able to tap tenants of various kinds. It won’t be boxed into a particular category. It allows investors to cater to more than one market thereby allowing the asset to earn not just from one specific group.

3.    Its flexible nature decreases tenant vacancy.

Because it can be a residential, commercial and retail space in one (or a different combination of these), there are more users or intended audience. The space won’t have to suffer that much losses should a particular group play weak in the market at some point. For example, if the commercial units aren’t doing well you still have residential units to draw income from and vice versa. Losses and risk are therefore better diversified.

4.    It provides a stable income source.

Multi-purpose investments are a good source of income on their own. Add to this the fact that it taps various types of tenants and audience. Putting them up for rent is one great way to establish great returns. It has in fact become quite a lucrative investment for many providing financial freedom. Of course, that comes with the right practices and adequate management.

5.    It allows for rent and asset appreciation.

A multi-purpose UK property investment has more chances of appreciating in value. Why so? Because these assets serve various markets, they are generally situated in prime locations and if not, they tend to encourage development in its surrounding areas. There’s heavy foot traffic too which helps pique the value up. When this happens, rental rates can be increased over time.

Do’s and Don’ts to Commercial Property Upkeep

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commercial-propertyThere’s more to the maintenance and upkeep of commercial property than meets the eye. It may be a lot of work but it’s a requisite if you wish to keep the asset functional and valuable for as long as possible. Care to learn a few tricks? Check out the following list of do’s and don’ts that surely come in handy one of these days.

Do remember that prevention is better than cure. This old adage has been present for time immemorial and it has been repeated and breathed down our necks for a good number of times. There’s good reason for that. Preventing damage is far cheaper and easier to do than trying to fix or replace the asset. This makes repairs and maintenance efforts all the more crucial.

Don’t forget the safety checks. You’ll earn more than a migraine if you fail to assess the safety and condition of your building. Add in the fact that the property is for commercial use, there’s bound to be a lot of repercussions should safety be left untended. Make sure to regularly check and inspect to address issues early on and solve what needs fixing.

Do work with the experts. There’s no time to play amateur here not with such a huge and financially valuable investment. See to it that all work is done my skilled and experienced professionals who can deliver the quality needed and deserved. There’s no need to get below par.

Don’t put things up for later. A small blemish may seem harmless at the time but things can escalate faster than you expect it to, most of the time at least. This is why you shouldn’t put things off for later when they can be done at present.

Do mind the roof. Because it’s far up there, the roof and other related parts like the downspouts and gutters and the like must be inspected and cleaned on the regular. Remember that this part of the property is one of the biggest and most expensive repair projects to tackle if left unchecked.

Don’t leave wires and plumbing untended. Because pipes and wires are left out of sight, it’s fairly common for owners and landlords to oversee them. This should not be the case though because they spell a lot in terms of safety of the commercial property. At times, they may require replacement which must be part of the budget as they are necessary and can never be cut.

Visit here: https://www.singerviellesales.com/properties

How to Successfully Put an Investment Property for Sale

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investment property for saleIf you plan on putting an investment property for sale, you should know that the task requires a lot; so much to the point that it’s definitely not for the weak. We’re not even talking about money here alone. There’s time, patience, hard work, research and the list goes on. Care to know how the pros do it? Check out the following tips.

  • Get on with a budget. – Most people think that with selling comes an inflow. Sure it does if you get a successful transaction but don’t forget that there are costs to it as well. With that said, establish and carefully draft a financial plan or budget to ensure that your expenses in selling do not exceed what you are expecting to receive.
  • Prep it up. – No one will purchase an asset that appears valueless and dilapidated. Humans are visual beings and whether or not we admit it, first impressions count. They count a lot. Plus, even the smallest of repairs and renovations (e.g. paint) can help increase demand and even value at some point.
  • Determine your market. – Who’s going to be interested? Which needs will the investment property for sale satisfy? You need to know because the marketing and selling efforts you’ll take will depend on it.
  • Advertise it well. – Like anything else, failure to communicate the offering will only draw mediocre result. No matter how great it is, you won’t be able to get the best offer from buyers if you can’t tap into their attention. Choose the right form of advertising. How do you do that? You choose one to which your target market responds to.
  • Know your numbers. – Know how much your asset is worth and how much it’s possibly going to be sold to a willing investor. Get to know the nitty-gritty about it too such as an estimate of ongoing costs, depreciation rate, remaining useful life and so on and so forth.
  • Set a limit. – Set a bar not only on your expenses but also in the amount for which you are willing to compromise with buyers. You want profits and so you need to know how to play the game.
  • Arrange the papers. – Buyers will want as fewer headaches as possible when they assess your investment property for sale. One way to turn them on is to prepare the papers beforehand. Surely, they’ll want a look on the documents like ownership titles and contracts.


Buy a Retail Property for Sale or Lease Instead?

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retailpropertyAs an entrepreneur, one is bombarded with different questions and decisions to make on a daily basis. One of these queries pertains to fixed assets: Should you buy a retail property for sale or lease one instead? Today we shall help you find out the answer to that by checking out the pros and cons of each option.

Option #1: Buy a Retail Property for Sale


  • You have ownership and therefore control over the asset. You don’t have to abide by the rules and restrictions of the owner or landlord.
  • You can gain equity. If all the right factors align, the property’s value can be appraised and this value increase shall be seen as an additional worth in your company.
  • In some cases, the amount of rental and mortgage payments comes close. With the latter, you gain ownership over time unlike the former.


  • It wouldn’t be beneficial if you see your business moving to a new place in a few years time.
  • It requires a significant lump sum value to make the purchase happen.
  • There are various costs to maintain the asset and keep it functional and valuable.
  • Prime locations for sale are more often than not either too pricey or unavailable.

Option #2: Lease a Retail Property


  • Many retail assets for rent are situated in prime locations with heavy foot traffic providing maximum exposure of one’s brand and offerings.
  • You don’t have to worry about maintenance and repairs cost because that is the job of the landlord. Sometimes though, this can vary depending on lessor-lessee agreements.
  • It doesn’t require the use of a hefty amount of cash in one sweep.


  • There are risks of moving out even if you don’t want to and losing a good location. At the end of contracts, landlords can replace tenants. Competition is pretty tough.
  • You don’t have ownership so instead of being recorded as an asset, the rental costs are recorded as expenses in the financial statements.

Whether you buy a retail property for sale or lease one instead is completely up to you. After all, no two entities are exactly alike. You need to cater to your unique needs so careful analysis should be done before a decision has to be drawn. Consider all variables and factors first.

Moving to Your New Residential Property Investment

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residential real estateMoving to the big city or the metropolis isn’t as easy as it sounds. As much as we would like to think it is, it simply doesn’t work that way. As a matter of fact, relocating to an area or a nearby town or a new residential property investment isn’t a piece of cake either. So what can you do then? Will it be forever tough or can you do some things to make everything run smoother? Yes you can and that is by doing a few certain tasks before the moving day itself.

·         Don’t go in it alone. – Ask help from family and friends or you can hire professional movers for the job. You have to call them up early on and not when the moving date is nearing. The earlier you do this then the better. There is so much to do when it comes to moving that you simply could not leave everything to the last minute.

·         Gather all your needed tools and supplies. – You have to pack your belongings and you cannot do that without the things to do it with. Make an inventory and assessment of your items so you know how much and what kind of supplies and tools you will need.

·         Create a packing schedule and stick to it. – This makes it easier to track and determine the tasks to be done in terms of the packing which is no doubt one of the most tedious tasks in any move. By making a schedule and assigning people to do certain tasks, you will be able to course through the transition more systematically.

·         Keep utility services in mind. – Be sure that once you move out, the utilities at your old place have been cut so you won’t be paying for services that you don’t even use or need anymore. At the same time see to it that you’ve already had the said utilities up and running at the new home even before you move in so you won’t have to suffer a no-electricity and no-water move-in day.

·         Update your address. – Do this early on so there won’t have to suffer any mix-ups and lost mails and packages. This is very important so as not to lose confidential information such as mail sent in from your bank and credit card companies.

·         Get up and get to know your new town. – Familiarize yourself with the city and with the community you live in. Know where certain establishments are located and familiarize with roads and transportation routes in lieu, adjacent to and near your residential property investment.

Visit https://www.singerviellesales.com.