Nilesh Gohil interviews Deepak Lodhia on the Laws of Attraction and how it can help Property Investors
By Nilesh Gohil | October 11, 2009
PART 1
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PART 2
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PART 3
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PART 4
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Myths behind the ‘Green Shoots’ of recovery
By Nilesh Gohil | May 19, 2009
The ‘green shoots’ recovery stories suggest the start of the recovery process for the UK housing market. It’s always great to hear these news stories as it gives us hope (and sell newspapers!). My worry is that there is a danger of reading more into these stories then there really is. We need to recognise the differences between recovery spikes and the actual recovery process.
Recovery Spikes
We need to understand that these recovery spikes are random facts and figures released by organisations that show there is a change in market conditions over a very short period of time, for example a surge of sales enquiries noted by estate agents. Unless these results are sustained over 3 months as recorded growth then I would take these stories with a pinch of salt.
Over Reacting To Recovery Spikes
The biggest danger is that we take these spikes of recovery as actual growth and then begin to react to it. For example: in the belief the recession is over, we start lowering your BMV profit margins in the hope that the losses will be recovered very quickly due to the impending growth. This would be a big mistake.
There are many landlords out there who have [...] Continue Reading…
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5 new facts about the HIP report you need to know
By Nilesh Gohil | April 8, 2009
I recently received an email from Rajesh Gohil (no relation) who provides HIP reports for sellers around the Midlands area.
His email alerted me to the changes that are now effective and I wanted to draw your attention to some of the facts incase you’re thinking of getting a HIP in the near future.
The facts are as follows;
Fact 1
The Home Information Pack will need to be available from the first day your property is put on the market.
Fact 2
A new addition to the contents of the HIP is the Property Information Questionnaire (PIQ). The PIQ, which you will need to complete, will provide a summary of key information about your property in one place. This compulsory one-stop checklist gives buyers information they need to know before making any decision. First-time buyers, with little experience of buying a home, will find this particularly helpful.
Fact 3
All questions on the CON29R MUST be answered.
Fact 4
Search Report Insurance can NO LONGER be used to cover any missing answers on the CON29R.
Fact 5
Local Authorities have increased COSTS to supply any additional information needed to answer all the questions on the CON29R.
These changes may seem minor however, it’s usually small changes that cause the most confusion [...] Continue Reading…
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Can competition be an untapped business opportunity?
By Nilesh Gohil | April 6, 2009
A heated debate has been brewing on in a popular property forum for several days now and has led me to write this thought provoking post.
To put it briefly, the forum owner had deleted accounts of certain popular members. These members were evicted from the community for including their own advertising within their posts as well as providing useful content for other members.
I won’t debate the right and wrongs of this whole episode, after all its not my forum and the owner can do whatever the he likes. Even if it means a breakup of a great online community! I’m sure he doesn’t give a damn about my opinions and quite rightly so.
The interesting thing is that the owner found the advertising within these posts a conflict of interest and a threat to his own existing business model and removed the members altogether. This sparked an uproar between loyal members of the forum and what followed was a series posts that brought into question, amongst other things, ‘business ethics’.
For me, what arose from the thread was a much bigger question.
Can competition be a threat or is it an untapped opportunity?
Without a doubt, competition is generally a good thing. It [...] Continue Reading…
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