Giving You Answers
To a lot of people, the real estate market can seem a little overwhelming. With so much going on, it’s hard to know where to start. We get it, and that’s why this week we’re doing something a little different and answering your most frequently asked questions.
Do I Want to Buy?
If you have the money, yes. Unlike renting, owning a property means you have a large asset that you can usually sell on at a profit later.
However, if you can’t afford it just now, there’s no shame in living in a smaller rental property to save up a deposit, or even moving back home. The market’s not the same as it was a generation ago, and more and more people are buying later in life.
What’s an Investment Property?
An investment property is a place you buy so that you can rent it out to one or more tenants. Ideally, you set the rent as a little more than your mortgage payments so that you’re not out of pocket each month. You can either take this as a source of regular revenue, or simply hold on to it for a few years as the market grows and sell it for a profit.
Also, some people like to buy older homes, renovate and restyle them, and sell them on just a few months later. This is more labour intensive, but it can be done.
Why Do I Need An Agent?
This is the big one. With so many free online services, why would you want to give a part of your sale price away to someone else?
A good agent will have contacts and resources most people don’t have, bringing your property to more people and helping it stand out from the crowd on all the most important real estate websites. This can get you more money, even with the fees you pay.
Also, an agency can help you follow all the right legal procedures to make sure your property is bought and sold properly.
Of course, we know you’ll probably have a lot more questions, and that’s why we want you to ask them all. You can always talk to one of our agents or property managers for their expert answers and advice, so give us a call today.