How to find bargain properties
podcast

How to find bargain properties

By Staff Reporter

Nick Viner Buyers Domain

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Everybody wants to know how to find a bargain. So this is actually a very difficult question to answer. I think the first thing is that you've really got to be prepared and you've got to know how much properties are worth. From there you've actually got to be able to, in a sense, sniff out the bargains. If a property is advertised as a bargain there's every likelihood that by the time all the other buyers have flocked in like bees to a honey posits probably not going to be a genuine bargain. So the genuine bargains are probably properties that are going to go a little bit more under the radar and you've got to find out information such as what are the motivation levels from the vendor - maybe they're in financial difficulty and they really have to sell. So finding out all these sorts of questions is going to help you determine whether or not you may be able to secure the property at a bargain price and then what you do is you make an offer and you prepare to walk away at that price. And it's only then if you're amazingly low offer gets accepted that you can confirm whether or not that you've actually secured the property at a bargain price.

 

 

 

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Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on
Episode 95: The top 10 things every investor should check before buying a property
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How to find bargain properties
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