The Binance NFT Value for Cash deal from last year is still available to current residents, and a great opportunity to cash in on this market uptrend. For anyone who bought into the hype at the end of last year, the value was based on some rather questionable assumptions about the way that London properties worked. However, as the value for cash deal settles down, some of those assumptions could be proven wrong. That could be bad news for those wanting to cash in on their investment.
So, what were these assumptions that turned into something of an exciting property niche into something of a disappointment? Well, for starters, the assumptions about how the marketplace works are that you either have to purchase a property from the developers themselves – which could mean paying a premium for the privilege of enjoying discounted rates on top of your mortgage repayments – or that you can find a property within a relatively short space of time by spotting one through a ‘red flag’ programme. That could work, but could also take years.
Another assumption was that all developers in London are staffed by a small number of highly talented and committed professionals. That could not be further from the truth. As the developers themselves struggle to find new business, many of them are cutting back on their workforce – and laying off staff is one of the things that London property gets rid of fast. There is simply no such thing as a paradise for developers, no matter how charming a location they may want to attract.
The third assumption was that you could buy into a property at rock bottom prices. This too proved problematic. It would be impossible to locate property at rock bottom prices everywhere in the UK. Also, you would need to take into account factors such as stamp duty and local taxes, which can eat into profits and make buying property without cover a costly exercise. Again, you can find a good property at rock bottom prices – but there are thousands more like it around every corner.
A final assumption assumed that prices in the private sector would be lower than they are in the public sector. Property experts say this is extremely unlikely to be true. They give the example of lettings – where firms rent out apartments and homes to tenants at a fraction of the cost of buying. They also point out that buyers in the UK now have far more choice of home than at any other time in history.
So what does the Binance NFT Value Matters system think? According to experts, it looks at the location and size of a property – as well as its age and potential for further development. It then calculates how much more that you could get from your home by renovating and improving it. By providing property value estimates, these companies to ensure you get the most for your money.