THE best way to organise a viewing day!
“Wake up! No one is going to save you. No one is going to take care of your family or your retirement. No one is going to make things work out for you. The only way to do so is to utilize every moment of every day at 10X levels.” Grant Cardone, 10X Rule
If you are serious about property you need to maximise the effort you put in! You can’t just sit around and wait for the right deals to come along, you need to go out there and see as many (of the right kind) of houses as possible! In order to carry out a buy, refurbish and refinance strategy where you can pull out most (if not all!) of your money - there are not a lot of properties like that. And, most likely you are starting from a position where you don’t have a lot of time to do viewings… So, here are some tips to make sure you maximise the potential deals that will come off as a result of your viewing day!
Make sure you view regularly - ideally every week or every other week
Book viewings, if possible during the week. This maximises the chance that the person showing you around actually knows a little about the property and its history
Find the properties you want to view and pre-qualify them! Go through rightmove and look for the grungy properties and see if there are ‘done-up’ properties that have sold on that street or in the nearby area for much more. Set up a spreadsheet and pop in a nominal refurb value i.e. £10k and then look at what properties in this area of a similar type are renting for. Play around with your spreadsheet! Add in a contingency fund to cover unexpected expenses and insurance (I do around 10%) and to cover a letting agents expenses (again about 10%), then see if the property will still cash flow if, for instance mortgage payments go up to 6%. Does this property look like it might work? Great! pop it on your ‘to view list’.
Organise the to view list, by area and by agent. Try to clump viewings by agent and then by area.
Create a viewing time sheet and organise your viewings into one per half hour. This gives you about 15 mins to view and 15 mins to get to the next viewing! Aim to book in viewings from 10:30am until it gets dark (you may be able to book viewings earlier but most agents wont start viewing until 10:30am.
Ring up/email estate agents to book in your viewings at the times requested.
FILL your viewing sheet up! Aim to get viewings into double figures every time you go. If an agent said one of the properties you wanted to view is no longer available go back to point 3 and see if there are any gems you may have missed. Perhaps a little further outside of your area.
Use a viewing checklist on the day and take lots of photos (see my previous blog) and take along some flyers to pop in houses that maybe look run down on the street you’re viewing (i.e. “want to sell your home? Call Ana on ….”)
Spend a little time on the street before each viewing - while you are checking out the roof - if a neighbour is about ask them a bit about the area and anything they know about the property.
I hope those tips were helpful! Do you have any to add to this list? Do you want to get started out with a buy to let portfolio? I’d love to know or help you out! Drop me a comment below…
Ana ♡
Want to connect? Find me on insta @dranaattlee, or why not pop along to a meet up? If you think I can accelerate your journey to your goals get in touch or book a coaching session!