PROPERTY: Structuring Development deals + managing vendor expectations - with Sam Murphy of Highfield Investments
This is the 2nd part of Rob´s interview with Sam Murphy of Highfield Investments. Sam´s company has been involved in closing over a billion pounds worth of property development deals of all kinds. Rob and Sam discuss a wide range of subjects. Including, how deals are structured, what the options are when it comes to selling or buying investment and development property. Sam also speaks about what is going on in the UK property market, right now. Including, what the challenges are and what 2022 is likely to look like.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
This is the 2nd part of Rob´s interview with Sam Murphy of Highfield Investments. Sam´s company has been involved in closing over a billion pounds worth of property development deals of all kinds.
Rob and Sam discuss a wide range of subjects. Including, how deals are structured, what the options are when it comes to selling or buying investment and development property. Sam also speaks about what is going on in the UK property market, right now. Including, what the challenges are and what 2022 is likely to look like.
KEY TAKEAWAYS
- Regardless of the deal you are putting together, be certain you are dealing with the actual decision-makers.
- There is no point in accepting an option offer from someone who does not have the necessary expertise to, for example, get planning.
- You need to market a property in a way that attracts interest from people that can actually buy, rather than tire kickers.
- To determine the true value of a deal, map out the strong, medium, and realistic end value and costs. How to do this is explained in the podcast.
- Get planning before you sell. If you don´t you won´t get full value.
- Option sales are attractive to buyers. Typically, they pay more, so everyone wins.
- Package what you have well and sell it via a professional agent.
- Letters are a really strong way to communicate.
- Bear in mind that often there is more than one decision-maker selling the land or site. You can leverage that.
BEST MOMENTS
‘We engage either on or off-market, depending on the deal.’
‘One of our main roles is educating owners to what they´ve got and what it´s worth.’
‘If you want to get all of the money (full value), you need to get planning yourself.’
‘The market is really, really strong.’
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
EPISODE RESOURCES
Website: https://highfield-investments.co.uk/
Email: [email protected]
Linkedin: https://www.linkedin.com/in/highfield-investments-172826a1/
Instagram: tim_mercer_commercial
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WEBSITE
www.tpnpodcast.com
SOCIAL MEDIA
Instagram - https://www.instagram.com/thepropertynomadspodcast/
Facebook - https://www.facebook.com/ThePropertyNomadsPodcast
YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg
PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
Spotify = spoti.fi/2XaZliP