I read a timely article about rogue property sourcing companies. What these rogue property sourcing companies don’t realise is that they give other good property sourcers a bad name. In the end, customers become wary, the below market value business model suffers, everybody loose out!
Luckily they are simple steps to help investors and property buyers separate the wheat from the chaff:
1) Ensure that discounts are off RICS valuation
2) Ask if the sourcing company is member of a redress scheme (new law).
3) Check the terms of service
We’ve just introduced a Lease Option Hands-off Service for Landlords & Investors.We only deal with reputable sourcing agents. Lease Options are the best way to invest and profit during the credit crunch times since this investment strategy not only guarantees you great cash-flow but also provides you a great exit strategy (guaranteed cash on the way out). However before you can enquire about our Lease Options Service, we strongly recommend that you read first the ebook Assured Positive Cashflow. The ebook explains Lease Options in an easy to understand manner so you gain a solid basis.
James Clark
PS: Article about rogue property sourcing companies is from the LandlordZone.
http://www.landlordzone.co.uk/blog/news/landlord-action-warns-investors-about-rogue-property-sourcing-companies
In a nutshell, more companies have been asking for upfront fees to source below market value deals and marketing property deals that don’t stack up. Once surveyed for mortgage purposes, figures are far short of the original claim. Companies then refuse to refund fees so investors…
Rogue sourcing companies tend not to release enough information on the property so investors need to do additional research themselves into the property values, rental prices and the level of demand in the area. However, we’ve provided you 3 easy steps above on how to avoid falling victim.
