The process of property deal packaging in the UK property market can be divided into various stages, which include finding the property, negotiating the price, handling the legal and conveyancing aspects, securing financing, doing any necessary refurbishments, and ultimately letting the property.
We will take care of all of these steps for you and on your behalf.
Find It: The first step in the property deal packaging process is finding a suitable property that fits your needs and budget. This typically involves researching online property listings or working with a local estate agent, networking with local property sourcers, researching using property software, on-site visits, physical and virtual viewing to help gather vital information on the local market and available properties.
Negotiate it: Once a suitable property has been identified, I will need to negotiate a price with the seller or their agent. This can be a complex process, so working with me will ensure you get a fantastic deal.
Legal and conveyancing: The legal and conveyancing process involves transferring ownership of the property from the seller to you, the buyer or to your company. This can involve numerous legal documents and checks, such as property searches, title checks, and mortgage arrangements.
Securing finance: Most property deals require some form of financing, whether it be cash, a mortgage, or another type of loan. Buyers will need to secure financing before completing the purchase and provide proof of funds, income, assets, and creditworthiness to lenders.
Doing the refurb: Depending on the condition of the property, we may need to carry out some refurbishments or renovations before letting it out to tenants. This can include everything from minor cosmetic improvements to major structural work, and will typically require the services of builders, contractors, and other tradespeople.
Letting the property: Once the property has been purchased and any necessary refurbishments completed, the final step in the property deal packaging process is letting it out to tenants. This will typically involve a search for the right letting and management company that will take care of advertising the property, screening potential tenants, drawing up lease agreements, and managing ongoing maintenance and repairs.
What are the investor’s responsibilities?
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