One of the problems all too often encountered by property buyers and sellers alike is that, by having to deal with a third party, namely the estate agent, the process often becomes unduly muddied and complicated, not to mention expensive. After all, you buy a property because you want it, certainly not because you like the agent.
An option is the contractual right, but not the obligation to buy, a property, at a future date. When a person buys an option the seller agrees to keep the property available to to that person until a certain date. Until then, the person who has the option may buy it at the agreed price, or may decide not to take up the option and to let it lapse at the agreed time.
Could you survive without your next wage/salary payment? If you’re not sure of the answer, you need to assess your budget now. Not being able to survive a missed wage/salary payment is just one warning sign you may be heading for financial trouble.
Are you tired of the problems associated with residential investment properties, such as tenants trashing your property, not paying rent and the ongoing cost of maintenance. Then commercial property may be of interest to you. However investing in commercial property is very different to investing in residential.