5th April '08

 
I watched the program on the collapse of the company ‘Blue Chip’ last Sunday night. You have to feel sorry for the people who have lost their money, however there are some very simple lessons to be learned from some of the mistakes they made. The first thing I would say to you is “do your homework”- find out as much as you can about the company and the people whom you are intending to buy the property from. Get the property valued by your own valuer and more importantly when signing an agreement, make sure that it ‘is subject to your solicitor’s approval’. I cannot believe that some of these clients did not do this!! Selling investment property is a large part of our business and we have always taken the conservative view when giving clients advice and insist that they get independent advice from accountants, valuers and property management companies. More importantly all of the deposits on the properties we sell are held in our solicitors trust account and not paid to Horncastle Homes. If you take these measures you will eliminate the mistakes these people have made. If you are confused about investing in property, I suggest you attend one of our free 45 minute investment seminars- Stephen Pike will explain to you in simple