In order to make a property investment scheme successful there are a number of different aspects that you need to take into account. Here we will discuss how the asking price is not always an accurate representation of how much you should be paying for the property. The initial asking price that is given is purely a rough figure of the property that is more often than not never met. So when you are considering to purchase a particular property, make sure you make your first offer well below the asking price. Also, during the negotiation process make sure you are firm with what you are willing to spend and do not budge from that figure. If you show signs of willingness to pay a bit more, then you are likely to pay a bigger figure then you would like and lose money long term. Read the full report below ….

Ignore the Asking Price

 This rule has made me many hundreds of thousands of pounds and it’s something I think many investors find hard to do. I know that an  asking price influences people’s decisions as they see it as the true value. Well it’s not, and please remember it’s an asking or starting  price; it’s not where you start, it’s where you end up that’s important.

 I remember a time when I was speaking to an agent and he mentioned a property that he was having a few problems with;  the property had been kicked out on survey three times because of a structural crack. The vendor had it on the market for £210k. I was  very interested by this as it had all the hallmarks of a deal. I went to view it and the cracking was slight and what I would have called  ‘non-progressive’ as they say in the trade; in other words, it was not going anywhere. [Original Source: here ]