Firstly may I explain what we mean by ?distressed properties?:
? Properties completed, key ready
? Bank or developers discounted sales
? Never, a property directly reposed from a private homeowner
If I can paraphrase one of the greatest investors of all time; Warren Buffet, Warren says ?buy a great company at a good price?? if we can amend that adage to read ?buy a great property at a good price?!
Throughout the world the property market is going through what some people refer to as a ?correction?, you and I might say recession! We?ve seen them before, we?ll see them gain. One thing history does show us that the savvy investors buy at the bottom of the market. Many pundits believe we are at that point now.
A friend of mine in retailing told me there will never be sales like this winters sales, (just gone by) the reason being, and excuse me if I quote him; ?The retailers were caught with their pants down!? Now this is apt for the property business, right now many banks, investors and financial institutions will want to remove debts from their balance sheets, in a years time these developments would have been sold in bulk, at knockdown prices to ?vulture funds? and cash rich investors.
Now before we go any further, I am not qualified to offer any financial advice, and my personal view, (the same I?ve delivered over the previous seven years ) is invest in a property because you love it ?and the lifestyle it offers you, and your loved ones.
We at Compass Amazing Resorts have secured several exclusive deals direct from the banks and developers; first and foremost we are looking for:
? Amazing Resorts
? Great build quality
? Clean deed & title
? All licences and land ownership registered
? Key ready
? Independent legal advice available
? Target discount of 25% to 40%
Many of the deals rely on bulk purchases; we have the network of partners to be given ?first bite of the cherry? on some developments. Many such d...