Property for Profit

When it comes to searching for the right properties in which to invest many people feel that they have to deal with estate agents as a necessary evil! However once you understand how estate agents work and what their priorities are they can be extremely useful to your property business.
Estate agents are not on your side when buying a property!

Estate agents act on the sellers behalf not yours, no matter how friendly and honest they may be they are out to help their client (and themselves via commission) not you the buyer.

For the last few years agents have had many more buyers than properties to sell!

Currently estate agents dont have to try very hard to get properties sold, there are plenty of buyers out there, however if you cultivate a relationship with an agent and impress upon them that you are a no nonsense buyer with funding available you may get to hear about new properties in the right location first!

Property auctions can be a source of bargains but not for the faint hearted!

Huge profits can be made without estate agents via property auctions, however these can be intimidating for novice investors and need considerable experience to lessen the odds of buying a “pig in a poke”. Property bargains are still available at auctions though nowadays much fewer than in recent years due to the popularity of TV property programs such as “How to be a property developer” and the “million pound property experiment”, however we cannot emphasise enough the huge potential downside for inexperienced investors buying at auction without surveys.