Through our links with local estate agents, and
the close eye we keep on the local market, we helped landlords buy 19
properties at competitive prices in 2010. This will continue in 2011. So far it
has mainly been confined to Northampton - with
immediate effect our service will also now cover Rugby .
How does it work?
Agents know we have landlords that buy, so when
they get a decent property in, and they want a quick sale, they contact us. At
that point we go and look at the property and advise 1) whether it really is a
good deal and 2) whether additional works are required and what they will cost.
The vast majority of properties don't make it past this stage - those that do,
get emailed to our list of 'actively purchasing' landlords who get in touch as
required.
Do we charge?
It depends what you want us to do. For providing
the basic service above, we don't make a charge - the fact that we get a property to rent at the
end of the process makes it worth our while.
However we are engaged to actively seek
properties for a small number of investors, and do charge for this. An example
would be a couple from the South West, who want to buy 2 properties in the
area, but are insistent on a rental yield of over 8%. We'll seek out suitable
properties, negotiate on behalf of the purchaser, and generally organise
everything on their behalf. It's a bit like Phil and Kirsty! This tends to
attract people who do want a property, but don't have the time to search for
themselves. We do make a charge for this, when a property is successfully
found.
"I'd like to buy a property!"
Really? Email me and let me know then! I'll
contact you for a quick chat, and to establish what your purchasing criteria
are. richard.baker@belvoirlettings.com. We find that landlords who involve us
in the purchasing process get better results in the long run, because it's in
our interests as much as theirs that they end up with something that's very
rentable.
Let me know if we can help you in 2011.
Richard.
