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How to Buy an Ideal Property in the City of Edinburgh for Rental Purpose

By KateForbes Subscribe to RSS | January 24th 2012 | Views:

If a suitable property is found by you then you have to take as much as possible steps to find out that particular property. Photos, floor plans, online brochures, virtual tours as well as local information should be used for this purpose. After studying all this, if you think that this property has potential and you are still interested in the property then you should move on to the next step, which is arranging for a viewing of the property. You must always have a camera and measuring tape whenever you going for a viewing. This will facilitate you in maintaining a record of all the properties you have seen. Therefore you can make a decision the ones you like. A notebook should also be with you when going for a viewing. Property must be carefully examined by you; take note of things you like in the property and ones which you don’t support of.

It is important to remember that it is not an emotional purchase to invest in a property. The purpose should have been in your mind for which you are buying it and see if it is appropriate for that exacting purpose. For example, if it is presume to serve the purpose of a buy-to-let property, then the requirements of the rental market should be under your consideration not of yourself. Only then a rational decision can came by you.

You have to make an offer: If you give your consent for a particular property then you have to make an offer which is the next step after viewing property. Dependence of this figure will be on various factors.

Firstly it is needed to have a clear view of your budget. What is your utmost limit? Your math should be done properly by yourself and be aware of your investment potential. If the seller is not willing to sell the property at the offer you made than you should carefully look at if the property is worth spending extra money. Secondly, seller’s position should be under your consideration, i.e. if he is in a rush to sell the property or has been trying to do so for a long while. He may even accept a lower price for the property if that is the case. On the other hand he might reject to budget if he is not in a hurry. Thirdly, it will also help you to make the seller aware of your position. This means that if you have a pre-arranged advance then you will be in a positive negotiating position. Lastly, it also depends on the market. The seller will be more willing to negotiate if there are fewer buyers.

KateForbes - About Author:
Kate Forbes is a marketing officer for Greenlet, property lettings website in Edinburgh. If you want more information on flats to rent edinburgh, please visit let in edinburgh.

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