Top 3 Tips on Buying Below Market Value Properties (BMV)

    WEST YORKSHIRE, ENGLAND, November 02, 2012 /24-7PressRelease/ -- Successful property investments rely on securing a low purchase price in order to achieve the best ROI. Below market value properties (BMV) are properties that are being sold for significantly less than the market rate.

Whatever the reason below market value properties are being sold for, the key thing they generally have in common is the need for a quick sale. This can make it difficult for investors without the time nor resources to be scanning the market, following up leads and looking for potentially lucrative BMV properties. Yorkshire based property company, Yorkshire Property Deals offers the following advice to investors:

"When it comes to BMV properties, Yorkshire has some great opportunities; it's just a case of knowing where to look. We work on behalf of time-poor investors to seek out and manage BMV deals, Yorkshire wide, to help them maximise their returns. Below are some tips to help with your search:

(1) Location - A good location is key to optimising returns, as you can cash in on both capital growth and the resale at market value, especially if you are able to add some value along the way by sprucing the property up to the area standard at minimal cost.
(2) Slow Market Tactics - It is still possible to achieve a good return on your investment in a slow market if you have the right kind of sellers in mind and ready to go. Alternatively, you can hold onto the property until the market picks up again and take the opportunity to gain a good rental yield, as rentals are generally quite strong during slow sales periods.
(3) Do Your Homework - A BMV is on the market at a low price for a reason, and the "buyer beware" saying holds true. Make sure you have read and understood the legal pack, and done any surveys or investigative work before you purchase. Cost out all renovation work required and carefully analyse all the market factors for the area in which you are buying to ensure you can sell on at a profit, prior to agreeing the sale.

If you have the money but don't have the time or the expertise to invest in property, then it is often better to appoint an experienced agent to manage the investment on your behalf. If you are looking for BMV deals, Yorkshire Property Deals offers a full start to finish service. More information is available on the YPD website.

Contact:

For more information on below market value properties and how to invest, please contact Kala Rajeswaran at Yorkshire Property Deals on Wakefield: (01924) 377 776 or Leeds: (0113) 350 4426 or visit the website at: www.yorkshirepropertydeals.com

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