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Eustance
Joined: 24 Jul 2015
Posts: 9
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 Posted: Fri Jul 24, 2015 10:15 am Post subject: property |
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| How to Choosing the right property at the right price? |
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BenPatterson
Joined: 24 Jul 2015
Posts: 8
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| Posted: Fri Jul 24, 2015 10:21 am Post subject: |
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Investing in real estate is usually all about capital growth, so choosing a property that is more likely to increase in value is the most important decision you will make, so buying at the right price is absolutely critical.
Unlike buying shares where the value of a company is transparent, real estate is more difficult to price, this however provides you with the opportunity to acquire an asset below its real market value if you are patient and knowledgeable. The key for you is to do your research, work out what everything is selling for in and around the area and then you’ll discover that soon you’ll become very good at working out what a property is worth – you’ll know a bargain when you see it. Never consider purchasing real estate in an area that you are unfamiliar with, particularly when you are approached by real estate spruikers marketing interstate or offshore properties, many of these real estate marketing companies are paid very high commissions resulting in the price of the property being hugely inflated. If you do find a property that you like and are unsure of its real value we’d suggest contacting us or another lender so you can arrange for an independent valuation to be done on behalf of a bank and once you are armed with this information you can often use this as a good negotiating tool.
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liveseyhilary
Site Admin
Joined: 23 Jul 2015
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| Posted: Fri Jul 24, 2015 10:27 am Post subject: |
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| Thanks for this information |
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