| The property market can baffle even the most | | | | rung of the property ladder, whilst for anyone |
| polished property investor at times, with its newest | | | | fortunate to have some equity in one property or |
| abbreviations, acronyms and phrases. One of the | | | | savings and is looking for a better return than a |
| latest to be introduced is BMV. It simply stands for | | | | savings account may offer then buying a below |
| Below Market Value, terminology which is now used | | | | market value property could enable them to get a |
| to explain in short any property that is below its | | | | good return. |
| current market value on the open market. | | | | BMV properties are widely available now through |
| BMV property is, as you can imagine, a property | | | | online property auctions and these enable anyone, |
| investor's dream and one that they pursue on a | | | | with available funds, the opportunity to bid and buy. |
| regular and professional basis to acquire. Once the | | | | The benefits of using an online property auction is |
| property is acquired, it is generally either rented or | | | | that every property on there will be guaranteed to |
| 'flipped out', another term within the property | | | | be below market value and will have been posted by |
| industry to simply mean that the property is re-sold | | | | a motivated seller. Common reasons for properties to |
| quickly after purchase for a modest profit. | | | | be put up for auction are victims of the credit |
| A good below market value price on any given | | | | crunch, owners of businesses that are failing, |
| property should be between 20-30% below current | | | | unfortunate repossessions or simply executors selling |
| value. This margin provides good enough reason to | | | | the property of the deceased. Whatever the said |
| invest. Whilst this market has been dominated by | | | | reason, and of course there doesn't have to be one, |
| property investors over the years it is a market that | | | | it offers sellers an opportunity to sell the house |
| has gradually opened up to anyone, especially as the | | | | quickly, often relieving unwanted stress and it gives |
| downturn in the market continues. For first time | | | | buyers the opportunity to purchase a BMV property |
| buyers, it is a great opportunity to get on the first | | | | with the chance of making a good return. |