Making A Great Investment With House Repossessions

Investment!

By: Anna Stenning

There's no getting away from it - the housing market is weaker than it's been in many years, and this can make investors wary about putting their money into property at the moment. It's understandable; the current climate can make it seem like a large initial outlay for a minimal return when the improvements are finished and the house is sold.

While we are all used to viewing property as an investment and expect to make a substantial return when we sell, whether it is when we are moving home or have simply purchased the property for investment purposes, the property ladder is practically a tradition in Britain, but with the market the way it is right now, the poorer return can make the process seem like a waste of time. There is a way around it, however - with house repossession on the rise, the opportunity to purchase a property for as little as half of its true market value is certainly enticing for investors.

Purchasing property as a result of house repossession is an excellent way to increase the return on the investment you have made, whatever the size of property you purchase, whether you do so for a fast turnover or are planning to spend take more time over it, waiting out the recession whilst making some improvements to the property in the hope that you will make a significant profit.

Whether you acquire it from a house repossession auction or from an agent, buying property in this manner is significantly cheaper than it would be on the open market, meaning that you can purchase a home which would normally be a fair way out of your price range on your current budget. This can mean that when you do come to sell the property - especially if the market has picked back up by then - you stand to make a much larger return than you would typically.

Although it can seem like a risky time to invest in property, the amount of property which is available at prices far below their actual market value thanks to house repossession makes both investing in the field and taking another couple of rungs on the property ladder easier than ever. Whether you are simply looking for a new home or are looking for a house to buy, improve and sell for a profit, a repossessed property brings the option closer than ever for many people.

Article Source: http://www.propertymagnate.com/articles


Anna Stenning is a property market analyst with many years of experience in the industry. Find out more about house repossession at houserepossession.co.uk/