Can you really believe what Property Companies are telling you?

Filed by Brett Alegre-Wood on Wednesday 2nd June, 2010 in Buying Property, Buying Off the Plan Property, Letting your Property, Investment Strategy, Sourcing property, Property Investment Clubs
Brett Alegre-Wood
Chairman, YPC Group

Hey Guys,

Following on from my previous blog, I thought I would expand some of the reasons why it's a huge benefit to be using YPC rather than others.

Now property companies might try and tell you that the greater discounts are because they are better at negotiating, have bulk buying power, better relationship with developers, and any number of other reasons why their property is better than a competitors.

Now being fair I agree that is a small degree they matter, because of our size we can demand lower prices, and we have been working with many of our developers for over 7 years now so we do get special attention but at the end of the day if someone else comes in with an offer that is higher (and they can trust it will complete) they are likely to accept it.

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The way we have a massive competitive advantage over all of our competitors is that we have 2 full time experienced sourcing team and we have another 4 full time sourcing team that work exclusively for us, we also have another 20 or so sourcing agents who give us first right of refusal on deals and a database of over 100 developers that we have now done deals with. Our sourcing capacity is currently at £50 million a month which provides us a huge over capacity considering we are presently selling between £8 and £20 million per month. This allows us to only choose the most suitable properties.

You see many competitors are one-person bands or have a small team of say 5 people. These guys are always chasing their tails to find property and when they find it many times they do not even reserve it and therefore don't actually have the right to sell it. They offer it to you and only once you pay them do they pay the developer, this is one of the reasons why we have many complaint about clients now being sold a property only to find that the developer wont do the deal. They then have the fun and games of getting their money back. We reserve all our properties, paying £1000 per property and we have a heads of terms in place ensuring that the deal is 100% secure.

In many cases we are securing stock 2 or 3 months in advance of launch so it gives us plenty of time to research and pick the best of all the property we are offered.

So if you are through taking risks with the small businesses and the new startups that didn't survive the recession then give us a call and a team of experienced professionals that not only survived the recession but double is size during it. Call them now on 0207 812 1255 or direct on their mobiles.

Live with passion,

Brett Alegre-Wood

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