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Estate Agents                                                                                                        
 
Try to establish a good relationship with local estate agents as they will often come to you as soon as a potential opportunity arises.  As a property investor you will be a popular target to them as they know that most property investors are less likely to be involved in a chain. 
 
The same applies for first time buyers not in a chain and second time buyers not in a chain that may be currently in rented accommodation.
 
If they know you can act quickly and get a transaction dealt with in a matter of weeks they know that this will keep the vendor happy and of course they get their commission faster.
 
Estate agents are located in almost every town and city throughout the entire country.  They have been established for years and bring plenty of experience when buying and selling property.  All this of course attracts a fee when selling a property in the UK, which can very between a minimum set fee and upwards to about 3% of the selling price of a property. 
 
However, for this fee they are generally going to be producing the marketing material for the property, co-ordinating regular local advertising and overseeing all the viewings for the properties listed on their books. They will often accompany purchasers on viewings and keep in regular contact with purchasers advising them of new properties as and when they come on to their books.

The key difference when buying through an estate agent opposed to buying privately, is that the estate agent will handle all the negotiations between the vendor and yourself.
 

If you are looking for investment property for sale, make it very clear to the estate agent that this is what you are looking for and what areas you are prepared to look at.  Properties needing renovation are very popular with investors so you do generally need to be in a good position to stand a chance of securing one of these properties.  If this is what you are looking to focus on, then make sure you have all your financing in place to put you in a strong negotiating position.
 
If you need help sourcing a suitable mortgage for your next purchase,
please contact one of our experienced mortgage brokers today on: 
 
0844 800 8487
 
Many people think that using an estate agent is going to be expensive.  It is of course common knowledge that they do charge a fee for their service but the marketing commitment and negotiating skills can equally justify their fees.
 
 
 

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