Buying Property Tips For Preventing Property Investment Deals From Going Wrong

Robert Clark
 


Visitors: 272
 1 vote

Most people consider buying property in the UK one of the most nerve-racking experiences anyone can have. With so many below market value property deals not seeing a positive end, property investment can be an extremely stressful business. While buying bmv properties entails its own risks, it also shares some hurdles that are similar to buying for oneself. Both equally challenging situations!

Nothing in this world is perfect and things sometimes simply go wrong. There will be problems over which you have no control. The vendor might simply change his mind or mortgage lenders might remove some products. In addition, gazumping and natural disasters that damage property can also occur.

There are some things, however, that you have control over. Importantly, communication and all its aspects - content, clarity and timing. Miscommunication can bring any deal to an abrupt end. Assumptions and expectations without proper communication and clarification can disrupt your deal. In the property investment business it is extremely important that you follow up your dealings with professionals in writing to prevent miscommunication and also to provide an audit trail in case issues arise later.

But what if things do not work out the way you want them to despite all your efforts? Would you lose your cool or would you react rationally? An argument based on emotion is far less credible than one based on facts. If property investment had been that easy, everyone would want be in business. If you cannot handle stress, property investment is not the right arena for you.

Things can, however, be easier for you if you:

  • Stay calm but be firm.
  • Use the 4 W's - What-Why, What-When
  • Describing WHAT the problem is
  • Why it is an issue
  • What you would like in the situation
  • When would you like it to occur

If problems still persist and you just cannot achieve the desired results, STOP analyzing the situation again and again and playing the blame drama. Simply discuss what needs to be done and how it should be done.

It is important to handle and resolve an issue before it gets bigger. Deferring things for a day or two can be tempting or just a habit, but it can also cause great harm. So follow up regularly, but politely. Remember, your image will be determined by the kind of service others provide you.

Robert Clark is the owner and founder of Rapid Property Investment, a company which helps property investors to find Below Market Value properties in the UK.

You can find for a complete list of their current property investment bargains at http://www.RapidPropertyInvestment.com

Robert is also a contributor to Property Investment Tips.co.uk a popular property investment blog which features news, interviews and articles designed to help you to make more money from your property investment business.

Property Investment Tips.co.uk is a great source of free information for new and experienced property investors alike.
http://www.PropertyInvestmentTips.co.uk/

(525)

Article Source:


 
Rate this Article: 
 
The 6 Steps to Buying an Investment Property
Rated 1.0 / 5
based on 1 vote
ArticleSlash

Related Articles:

Buying Property in Austria - Useful Tips For the Overseas Property Buyer

by: Jamie Morris (October 02, 2008) 
(Real Estate/Buying)

Buying Property in Belgium - Useful Tips For the Overseas Property Buyer

by: Jamie Morris (October 02, 2008) 
(Real Estate/Buying)

Rental Property Buying Tips - 4 Tips That Can Help to Transform Your Property ..

by: Carlton Johnson (September 20, 2008) 
(Investing)

Overseas Property Buying Tips for Property in Greece

by: Nicholas Marr (October 12, 2006) 
(Real Estate)

Making An Investment In Barbados Real Estate Property Is Simply Not A Wrong Plan

by: Taylor White (July 06, 2012) 
(Real Estate/Agents and Brokers)

Buying an Investment Property Is it Right For You?

by: Patricia Hodge-Rendall (July 15, 2008) 
(Investing)

Buying Investment Property

by: Steven Gillman (January 03, 2006) 
(Real Estate)

Buying Your First Investment Property

by: Donna Robinson (June 28, 2005) 
(Real Estate)

Real Estate Investment Property – Three Ways to Find Property at Bargain ..

by: Joel Teo (September 28, 2006) 
(Real Estate)

The 6 Steps to Buying an Investment Property

by: Scott Pape (October 28, 2008) 
(Investing)