Common Mistakes
Good negotiating saves £20,000. See case studies.
Mistakes we have seen (or been called in to remedy) include:
- Lack of research leads to overpaying
- Over-estimating gross rental income - if you wouldn't pay it, why will tenants?
- Over-estimating net rental income - remember letting fees, insurance, maintenance, furnishings, etc.
- Poor negotiating
- Lack of contingency for interest rate and rental market fluctuations