Before You Do Anything, Do This: Finding Properties

Explore the different ways to find properties in the UK and valuable tips on what to look out for.

FUNDAMENTALS

Tsvetomir Pashov

4/4/20232 min read

Finding the perfect property can be a daunting task, whether you're a first-time buyer, a seasoned investor, or a property developer. The UK property market is complex and diverse, with different regions, types of properties, and investment opportunities. But there are some key steps you can take to make the process easier and more effective.

Firstly, it's important to have a clear idea of what you're looking for. Define your goals, budget, location preferences, and property type. Do you want a buy-to-let investment, a holiday home, a development opportunity, or a personal residence? Are you targeting a specific city, region, or neighbourhood? Do you have a preferred property style, size, and condition? Once you have a clear brief, you can start exploring the options.

There are several ways to find properties in the UK, and each has its pros and cons. Here are some of the most popular methods:

  • Online portals: Websites such as Rightmove, Zoopla, and OnTheMarket list thousands of properties for sale or rent across the UK. You can search by location, price range, property type, and other criteria, and view photos, floorplans, and descriptions. Online portals are convenient and easy to use, but they can be overwhelming and sometimes inaccurate. There isn't a best one, everyone will work it only depends on your approach.

  • Estate agents: Local or national estate agents can help you find suitable properties and arrange viewings. They have access to exclusive listings, market insights, and negotiation skills. However, they may charge fees, have limited availability, and prioritize their own interests. Nevertheless, agents are the people that do all the dirty work for you of finding properties so they can end up being your best friend and remember they are human beings as well and enjoy a friendly conversation.

  • Auctions: Property auctions can be a good source of bargains, unique properties, and quick transactions. You can bid online or in person and potentially get a property below the market value. However, auctions can be risky, competitive, and require cash or financing. Unless you are experienced and have attended a few auctions to get a feel you are most likely to overpay and become disappointed with property investing.

  • Networking: Personal connections, word of mouth, and networking events can lead you to hidden gems, off-market opportunities, and valuable insights. You can join local property clubs, attend property seminars, or simply talk to friends, family, or colleagues. Networking requires time, effort, and social skills, but it can be rewarding. I personally am part of a dozen networking groups and the best one Samuel Leeds close Academy group where people collaborate and help each other much more than any other group I have come across, for that there is a high price entry ticket which I have paid and can provide you with the success and experience of the whole group.

In summary, finding properties in the UK requires a combination of strategy, research, and intuition. By defining your goals, exploring the options, performing due diligence, and evaluating the risks and benefits, you can increase your chances of success and satisfaction. Happy hunting!

red blocks on brown wooden table
red blocks on brown wooden table