|
|
|
Launch of www.buytolet4sale.com
‘One Stop Shop’ for Buy to Let is launched
In a recent study by The Property Investor Show, figures suggested that 62.7% of people are planning to purchase a buy to let property within the next year whilst 23.5% plan to sell. Despite the market stabilizing in recent months, the buy to let market continues to be a firm choice for long term investors, and as result of this a new website called www.buytolet4sale.com has been launched which is dedicated to the buying and selling of all types of investment property. Access to all areas of the site are free and no membership or subscription fees are applicable. Plus, for a limited period, visitors can request a FREE buy to let guide on-line or book a place on a FREE Property Seminar with dates now launched for 2006. As well as being able to view property for sale and advertise investment property for sale, the site also includes links to everything you should need for your sale and purchase, including free, no obligation buy to let mortgage quotes supplied by one of the ’s leading commercial finance brokers, The Money Centre, and a number of other services. These include very competitive landlord insurance, landlord furniture packs, on-line conveyancing quotes, free house price search, and Landlord Tax Information. You can even credit check your tenants on line, download a solicitor prepared assured shorthold tenancy agreement, and purchase a fully comprehensive landlord inventory on-line. It really is a ‘one stop shop’ for buy to let.
The founders of buytolet4sale have been property investors and developers for more than 12 years and have identified a niche in the market place for the increasing numbers of buy to let’rs. Alongside this, one of the founders of the company brings almost 16 years marketing experience on a national and global scale which should give added confidence to sellers that their properties will be considered only by serious property investors in conjunction with the marketing activity being undertaken to this ‘niche’ target audience. Despite being advised that we must all hold on to our investment properties, there will inevitably be times when landlords need or want to sell. They may want to release equity to invest in another area, they may simply not want the responsibility any longer or just want to sell up. And it can’t be ignored that the continuing rise in divorce rates does generate an added requirement to sell off any properties in joint ownership.
The unique features of buytolet4sale.com are that they do not charge commission as they are not selling agents. Plus, landlords can sell their property with tenants in situ. If you are a landlord with a property to sell, now would be an ideal opportunity to advertise the property on the site as buytolet4sale.com are one of the sponsors at a number of monthly property seminars where more than 400 investors are expected to attend and will be looking for suitable investment property. Property Investors can advertise their existing buy to lets privately from just £99 up to £199 including a professionally produced sale board and listing on some of the top property portals in the . Even at £199, this can save £1000’s on normal selling fees associated with selling a property. As a property investor concerned about cashflow and profit and with the option of selling with tenants in situ, this can create considerable savings during the sale process. Plus, the likelihood of the property being sold to another investor without a property chain is much higher as buytolet4sale.com will be doing mailings to in excess of 100,000 active property investors. Private sellers will be responsible for dealing with the purchasers direct and handling all viewings and price negotiations but when you add up the savings this can be well worth the time and effort required.
As landlords have the opportunity to leave the tenants in situ whilst the property is up for sale, this doesn’t lose the landlord any rental income during the sale period. Not only that, but if the landlord sells to another property investor, and if the property is managed through a letting agent, the letting agent will be grateful to maintain the property under their management. Therefore, the new owner hasn’t had the expense of souring new tenants, and paying the usual set up fees associated with letting a property. The seller hasn’t lost any income and finally, the tenants haven’t had to find alternative accommodation whilst the property is for sale. It’s a win, win, situation.
So how will this impact on Estate Agents? The web designers for buytolet4sale.com, Easierweb, have been able to create a sophisticated site whereby everyone, including estate agents, letting agents, developers and auction houses can all benefit. One of the first companies to take advantage of this niche marketing opportunity, Off-Plan Investor, have recently uploaded some excellent ‘ready to rent’ deals in Newcastle upon Tyne with investor discounts and furniture packs included. In fact buytolet4sale could be considered a complimentary marketing tool for businesses and multi listing costs are available on request. For example, an estate agent can advertise any properties they deem suitable for investment, properties with tenants in place, or property in need of modernization. The benefit to them is that it is possible that one of the 100,000 property investors being mailed or landlords attending one of the monthly property seminars may view and consider the properties they are advertising. If a property investor is interested in a property advertised by the estate agent, they will contact the estate agent directly in the normal way and arrange viewings through the estate agent protecting their commission. Ideally the estate agents would want to ensure that any such properties are advertised by them before their vendor decides to advertise privately with buytolet4sale.com.
If a sale is agreed to another investor through the estate agent, it is less likely to involve a chain resulting in them getting their commission faster. An added advantage being that many investors have a good history in getting suitable funding quickly and often have a forward buying facility in place with lenders. So as well as having unique benefits to the estate agent, it can also create a brand new USP when taking on new listings. If a vendor comes to them looking to sell an investment property, the vendor can continue to enjoy the rental income whilst the property is for sale without the estate agents insisting on vacant possession.
Referred to as A-Day, April 6th 2006, this was set to be an historical date for pensions in the UK and to mark the beginning of one of the most radical changes in pension legislation for decades with investors having the ability to put residential buy to let property into their SIPPS with excellent tax benefits. However, it has since been announced that this change will not come in to effect which has left many investors and developers in a somewhat sticky situation where some may have secured off-plan property solely for this purpose and as a result, some of these properties may come back on the market. It is because of this, that estate agents, developers, and any landlords looking to sell any suitable investment properties are encouraged to advertise their properties for sale on this new site. If we remember that property doubles in value approximately every 10-15 years then any shrewd investor will still see the key benefits of investing in property.
For those not yet committed to the buy to let market, this will be an ideal opportunity to purchase a ‘ready made’ buy to let with the advantage of earning income from day one if they purchase a property with tenants already in situ.
buytolet4sale have now officially launched this new and exciting site dedicated to investment property. Whether you are a seasoned professional landlord or a newbie buy to let’r, then it is well worth a visit and a chance to seek out some excellent investment opportunities as more and more property gets featured.
Available for a limited period only through www.buytolet4sale.com, you can register to receive a FREE buy to let guide or book a place on the FREE property Seminar produced and hosted by leading commercial finance brokers, The Money Centre. For more information or to advertise your buytolet4sale, log on to: www.buytolet4sale.com
|
