Buying to sell

This may be a useful start to a checklist if profit is your goal:

• Buy at the right price.
• Buy in the right location, and at the right size.
• Build relationships with best-performing local agents before you buy ; agents you value and trust implicitly because they are the agents to see your purchase-to-sale activity through, however long, be that five, ten or 15+ years.
• Buy a property where entertaining is obvious or you can create through connecting indoors and out.
• Recognise the difference between proximity to train line and proximity to station.
• Understand your buyer long before you put the property on the market.
• Don’t get emotionally attached to the property: it is business.
• Don’t overcapitalise (see above)
• Know when to hold, when to ‘fold’! Some may be fortunate with a quick turnaround, but most investors buy for longer term profit.