How to Snare a Bargain Property

WEAKNESS in the real estate market has reduced property prices, but finding a bargain still requires research and a businesslike approach by investors.

A low price doesn’t automatically mean it’s a bargain, as other prices in the market may also be lower, but experts say there are several strategies to help buyers get a good deal.

“Keep an eye on properties on the market because generally speaking, the longer a property languishes on the market the keener the vendor is to sell,” says university lecturer, author and property investor Peter Koulizos.

Investors and other buyers should be constantly monitoring the houses they are interested in, he says.

“When you start to see the price fall, that’s an opportunity to get in,” he says. “If they have already succumbed to the fact they have to bring the price down, now it’s just a matter of how far down.”
Read more: http://www.news.com.au/money/how-to-snare-a-bargain-property/story-e6frfmci-1226121248397#ixzz1WIK7NVPT

 

 

 

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