ASSIGNMENT TO PURCHASE

To buy an apartment to invest in takes a lot of know-how, a lot more than many of us are ready to acquire. As a result, there has been a demand for real estate agents to provide such a service. The agent does the work to find a suitable apartment for the client to invest in. The problem has been that agents who specialize in selling apartments simply do not know enough about renting apartments and the market for rental apartments.

Because of the repeated wishes of Suomen Vuokranantajat ry (Association of Finnish Lessors) and Vuokralaisten keskusliitto (The Central Union of Tenants), Vuokraturva launched a totally new service for the real estate investment market in April 2005. We find our client an apartment to invest in safely. This service makes investing easy and effortless and it has been very well received.

Taking care of thousands of mandates to rent apartments has given us a sound position on the rental market. Our experience as a market leader guarantees the quality of our knowledge when buying apartments to invest in. We know how to pick the right apartment in the right apartment house in the right area with the right price. Thus, there are no unpleasant surprises and our client gets the profit he is looking for.

When looking for a suitable apartment for residential investment property purposes, we closely assess the purchase price and actual amount of rent, make sure that the apartment is easily rented, whether the apartment needs renovation, the condition and maintenance of the apartment and building, basic renovations as well as the general rent level and development of the area. You can give us an assignment to purchase a good apartment to invest in. You can always either accept or reject the apartment we offer.

The usual commission for an assignment to purchase is 4000 euros + VAT 23% - a total of 4920 euros. You pay the commission when you have purchased the apartment and signed the deed of sale.

When purchasing good investment apartments in a competitive situation, the meaning of speed, vision and being acquainted with building is emphasized. Even an experienced private investor is unable to compete with a fulltime professional organization that keeps an eye on the market incisively for seven days a week and, when needed, is as quick as lightning. This decisive strength is offered to a client of this service.

We also make use of the enormous database on apartment buildings in the Helsinki region that we have built up over the last decade. Only a small number of all apartments on the market are optimal as investments. This is why the right vision and speed are critical in making the right purchase.

We cooperate with Varallisuusvalmennus (www.varallisuusvalmennus.fi), which helps you to plan the cogent use of possible external financing (i.e. loans). It is possible to get a flexible bank loan to buy an apartment to invest in. The collateral for the loan can be either other real-estate property or even a summer cottage.

The following situation is very common: the value of your own apartment has increased over time and even though you still have to pay that “old” apartment loan, you have so much “free” value that it can be used to guarantee a new loan for an investment apartment.

Hand picked by a professional, a well-chosen apartment in the Helsinki region gives your investment good profit with moderate risk. Besides rent income, you can also assume an increase in value because apartments have held their value well over the long run and their value increase has been faster than inflation in areas of growth.

It is easy to give an assignment to purchase. If you are thinking about possibly of giving us an assignment to purchase, call us on (09) 6877 550 or send us the form below and we will contact you and give you more details about the service.

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