Article Directory :: Finance & Investment Articles The Best Places to Buy Property Below Market Value By Parmdeep Vadesha Republish: EasyPublish™ Published: 04Nov2008 Word count: 488 Viewed: 141 time(s) Get Free Content For Your Site Property investment is a numbers game. The wise and savvy property investors know that more profits can be made in buying below market value than in the resale of the property. Purchasing property at bargain prices translates into significant long term profits. Whether you're a novice to property investing or an experienced investor, buying below market value is definitely the way to go. Other than the traditional route of buying through estate agents, there are alternative ways of purchasing property that can give you the best value for your money. Tread the road less travelled and explore other ways of purchasing property. Here are some of the best places to buy below market value properties: * Purchasing at an auction Auction houses are treasure troves of below market value properties. Many investors have discovered auctions as a good source of properties sold low enough to resell. Generally, properties are sold for about 10% to 30% below their market price tag, certainly lower than if you purchase through an estate agent. An auction, however, can be an intimidating experience for the first timer. The fast-paced process can also be quite confusing. If you bid at an auction, make sure you come prepared with a maximum bid price and stick to it. Also make sure that you have made a thorough inspection of the property and found it to your liking. Not all properties at an auction are sold for a bargain price. This is something that you should be aware of, too. There are a lot of strong sellers at an auction and this causes the price to jack up to even higher than the market range. Here is where your initial investigation comes in handy because you know how much similarly situated properties are sold for. On a final note, make sure that your finances are in order before going to an auction. If the gavel falls on your bid, the property is yours. You then have to immediately pay 10% of the amount as down payment. The rest of the purchase price will be paid usually within 28 days. Make sure that you have this amount ready or that you have prepared a credit line or a pre-approved mortgage with your bank. * Purchasing online Due to the popularity and demand of property investments in the United Kingdom, many companies have set up websites that cater to the needs of the market. Some agents set appointments and advertise their properties through the web. Some even give you virtual tours. There are also several businesses that focus solely on Internet-based sales. In short, the world wide web has fast become the newest source to hunt for properties. Of course, below market value properties are available too. More importantly, since most net-based agents charge a remarkably lower commission, the benefits goes back to the buyer in the form of the property being priced lower than usual. Parmdeep Vadesha is a property investment expert and founder of the largest community of property entrepreneurs on the web who buy below market value properties from distressed homeowners facing repossession, divorce and bankruptcy. He writes a monthly newsletter for over 70,000 property investors worldwide - http://www.Property-System.com EasyPublish™ this article - publishers click here More articles by Parmdeep Vadesha

Free Report! Ten Essential Secrets Of Article Marketing ... Grab Your Free Copy Now: We respect your privacy. Need Content? Regular Top Quality Content for your Blog, Ezine or Website ... Delivered Direct, For Free! Click For Details Arts & Entertainment Automotive Business - General Computers & Technology Finance & Investment Food & Drink Health & Fitness Home & Family Internet Marketing/Online Business Legal Pets & Animals Politics & Government Reference & Education Religion & Faith Self-Improvement/Motivation Social Sports & Recreation Travel & Leisure Writing & Speaking

More finance articles:

• Forex Trading - The Market Is Not Your Enemy (Jay Meisler)
  Every trader at one time or another has had a bad trading day that makes him feel like the market is his enemy. This article uses an example from a forex trading day to describe some of the conditions when this might occur and what a trader might be going through during this time. The goal is to create an awareness and to emphasize that the market is not the enemy.

• Discovering the Pros and Cons of Using a Prepaid Credit Card (Tara Tiemann)
  Prepaid debit cards are becoming a popular way to pay purchases and bills. It works like a credit card but instead of paying at a later time, a prepaid debit card can only be used if there is a deposited amount of money in your account. This article will enumerate the advantages and disadvantages of using a prepaid debit card.

• Hard Money Lenders - Hard Money Loans (Louis Jeffries)
  Real Estate Investors choose to use hard money loans as a source to purchase and rehab property to make a substantial profit that they may not have without the use of this expensive money.

• Top Ten Reasons Why You Should Buy Multifamily Properties (Lance Edwards)
  When you sit down and examine the advantage of owning multifamily properties, you will be amazed at the multitude of benefits. While other avenues of income generation offer some attractive incentives, owning multifamily properties brings many great things to the table. Let us explore these advantages:

• 3 Types of Investors for your Multifamily Deals (Lance Edwards)
  The word "investor" is quite a general term that means different things to different people. Dictionary.com defines an investor as "someone who commits capital in order to gain financial returns". So what does this mean in terms of real estate investing? There are three types of investors: lending, equity and hybrid (or combination). Here is a breakdown of these three types of investors.

• What a Multifamily Property's Class Can Tell You (Lance Edwards)
  When you are dealing with multifamily apartment properties, it is very important to understand the different classes of properties. The class that a property is assigned can tell you a lot about the property and if it is worth your time and money to invest in. There are four different property classes: A, B, C, and D.

• 5-Step Process to Financial Freedom Through Real Estate Investing (Lance Edwards)
  You have learned how to create a real estate business. But at the same time, you want to create your net worth. The steps to getting this done are a 5-step process. Not only can you apply this process to your business, but you can apply it to your personal life.

• Is Buy and Hold Dead? (Jack Funderburk)
  According to Jim Bianco (9/14/2009) (BiancoResearch.com), the Dow has closed above the 10,000 level 1,859 times since 1999. If one had put their money in a short-term Treasury bill the first time the Dow pushed above 10,000 and simply rolled over the proceeds of the bill at each maturity (and the interest), one would have a better return on their investment today, without any market risk.

• How to Find a Lucrative Home Business (Stacy O'Quinn)
  A lot of people are running very lucrative home-based businesses these days. Thanks to the proliferation of technology and the widespread use of the Internet, there are an amazing number of niches to be found, none of which require much investment or staffing. The criteria for evaluating opportunities could be the same regardless of what kind of business you have in mind.

• Home Budgets Can Be Thrown Off by Both the Expected and the Unexpected (Ozeme J Bonnette)
  If there is one thing that can cause tremendous damage to our finances, it would have to be irregular expenses. These are expenses that do not happen every pay period or every month, but often come up at some point during the year. We will review a couple of the more popular irregular expenses.