WHAT DOES BELOW MARKET VALUE MEAN?
What does it mean?But hang on, don’t the majority of houses go for Below Market Value anyway? After all, no one ever offers the asking price.
Well, not necessarily. You see the asking price is what the property is marketed for – it doesn’t necessarily represent its value. In fact, many times asking prices are overinflated due to an agent’s overvaluation or a homeowner’s unrealistic expectations. So even if a property goes for significantly below the asking price, it’s the figure that it sells for that dictates its open market value. A BMV property is anything priced below this figure.
At SafirEstate, we specialise in BMV property so you don’t have to. Time is everything when dealing with property, so why waste yours sourcing your own BMV deals when we can do all the hard work for you? All you have to do is pick up the phone.
Buying a property below its market value gives investors an opportunity to make a profit when they sell the property at market value or higher in the future.
As the property’s value increases over time, investors can build equity faster by purchasing below market value.
Lower purchase prices can lead to higher rental yields, increasing the potential for rental income.
Buying below market value can provide a cushion against market fluctuations and economic downturns, reducing the overall risk of the investment.
With a lower initial investment, investors may see returns on their investment sooner than if they had purchased at market value.
Properties purchased below market value may have renovation or improvement potential, allowing investors to increase the property’s value through upgrades.
What are the benefits of investing in below market value properties?
Investing in Below Market Value (BMV) properties can be greatly financially rewarding due to many factors, here are just a few:
- Safe investment
- Higher return on investment
TYPES OF BELOW MARKET VALUE PROPERTY
Below market Properties come in all shapes and sizes. Below market properties can be found in the form of Houses in multiple occupation (HMO's), Residential Buy to Lets, Multi-unit Freehold Blocks (MUFBs), Multi-lets & Student-lets, Commercial lets and more, here are just a few examples:
Residential Buy To Lets
These tend to be normal residential houses, 2 to 3 bedrooms terrace, semi-detached, detached or flats. They are houses that are suitable for the average renter and are sometimes known as vanilla buy to let properties.
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Houses in Multiple Occupations (HMOs)
A House of Multiple Occupancy (HMO) is a rented property occupied by at least three people who are not from one household or five or more people, forming two or more households.
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Multi-unit Freehold Blocks (MUFBs)
This type of Buy To Let is a freehold block which offers multiple, separate or independent residential units. This can be a variety of different types of property such as blocks of flats or houses converted into flats.
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Multi-lets & Student-lets
This is very similar to HMO’s and even are often referred to as non-licensable HMO’s. They have many characteristics of a typical HMO but don’t require the licence, but they may still require planning permission from your local authority.
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Commercial Lets
As the name describes, this is a commercial premises and it is when you let the property out to one or more businesses. It’s often referred to as Commercial Landlord Mortgage, Business Buy To Let Mortgage or Commercial Investment Mortage.
Read MoreOur Locations
Thinking of buying a BMV property, but have a specific area in mind? To give you an understanding of just how broad your property choice is, here’s the areas where we most regularly buy BMV property…
- Bolton
- Liverpool
- Manchester
- Salford
- Carlisle
- Durham
- Newcastle
- Sunderland
- Doncaster
- Kingston Upon Hull
- Leeds
- Sheffield
- Wakefield
- York
- Derby
- Leicester
- Lincoln
- Luton
- Northampton
- Nottingham
- Birmingham
- Coventry
- Wolverhampton
- Cambridge
- Chelmsford
- Norwich
- Peterborough
- Brighton
- Canterbury
- Chichester
- Oxford
- Reading
- Southampton
- St Albans
- Winchester
- Bath
- Bournemouth
- Bristol
- Exeter
- Gloucester
- Hereford
- Plymouth
- Portsmouth
- Salisbury
- Swindon
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WHY SHOULD YOU INVEST WITH US?
Invest with us to access a knowledgeable team specializing in BMV property, securing discounted deals swiftly. Benefit from expert guidance for wise investments and a personalized approach that values you beyond just a number. Join us for a rewarding investment experience tailored to your success.
Why Us?
Expert Industry Knowledge
Our dedicated team possesses extensive knowledge of BMV property, enabling us to source generously discounted deals for your next investment property.
Quick and Easy process
With our team's expertise, we ensure a quick and hassle-free purchase process, allowing you to make wise investments and rapidly grow your portfolio.
Long lasting relationship
By choosing to buy your investment property through us, you can expect a personalized experience where we value you beyond just a number, building a lasting relationship on a first-name basis.