Review of the first quarter of 2019
Quarter 1:The sentiment is more negative than it has been for years, and there’s a lot of “wait and see” attitude around.Properties to buy will be in short supply as sellers hold their breath for Brexit.
Do our other predictions still stand?
Quarter 2:With the Brexit deadline having passed, the market breathes out and looks around the landscape. What is the true effect & impact? What truths and data come out of the divorce?
So, what should you do?
What are we going to do in 2019?
We still believe now is the time to buy, buy, buy.
We are ramping up efforts for our other deal flows. Direct-to-seller marketing campaigns (print & online), networking, auctions, title splits, portfolio sellers, and probate cases involve an incredible amount of time, effort, & expense, but they do yield results if sustained over the long term.
It’s very easy to ease off from these sources when there are plenty of deals around, but you need to keep on top of these relationships and endeavours regardless of the current market trends – otherwise, you have to start all over again!
Rather uniquely, there is another source of deals at the moment – high-earning landlords. Those landlords who are in the 40% tax bracket are being hammered by the new interest rate relief changes. Those landlords who still own the properties in the personal names are having to offload as their rental properties start to cost them a lot of money.
They don’t like to be messed around as they will either have a paying tenant or an empty property. Either way, it’s costing them money and they want a swift conclusion.
How can Homesure help?
Our investment company, Homeinvest, is dedicated to building boring property investment portfolios. For more information, visit www.homesureproperty.co.uk/investment.
At the time of writing, our service is still closed to new clients due to subscription levels. We have chosen to reduce the number of clients we take on to ensure that we deliver the best possible service to our clients, rather than a lesser service to many.
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