Searching on Rightmove isn’t the smartest way to find an investment property.
Many property owners prefer to sell their properties privately and not publicly so they sell their property off market.
They can do this through their contacts, via agents or via companies and consultants who specialise in matching investors and developers with off market deals.
Gaining access to these off-market deals can help property investors find the best investments, with less competition and improve their ROI.
The main reason properties are sold off market is because the seller wishes to remain confidential.
This can be because of many reasons, including family, business or because they have a high profile.
But another reason is that interest for off-market properties tends to often come from serious investors able to exchange quickly.
All kinds of property investments are available off-market.
Off-market properties can include:
* Buy to Let Properties
* Student Accommodation in Russell Group Universities in major UK cities
* Plots of Land with Planning Consent
* Development opportunities
* Central London Opportunities
* Conversion projects
* Re-build projects
* Discounted Student Portfolios
Finding an off market deal takes a great deal of patience – or great contacts!
First you can just start knocking on doors.
If you see a vacant house, knock on the neighbours’ doors and see if you can find out who owns it – chances are they may want to sell.
Ask around – know anyone who is looking to move soon or in the next six months?
Save them the bother of going through an agent by making an early offer.
You can also try direct mail.
Target home owners with a lot of equity in their houses in the areas you want to target.
Send them a flyer or letter saying you are looking to buy in their area with a contact number and make them an offer.
Network. Get to know agents, finance agents, property experts, deal sources and other investors.
Staying in the loop will mean you will hear about any off-market deals when they become available.