Psst, hey buyers:
Some of the best things you can do to ensure you are making a smart real estate investment are:
- Work with an agent who is a consultant, not a salesperson.
- Invest in a tried-and-true area with relatively static inventory levels (unless you’re going to hold for the VERY long term).
- Have a period of ownership in mind… something around 5 years or more is a good idea. Anything less and you could be gambling. Benefiting from real estate ownership works beautifully, but it takes time. Save day-trading for the stock market.
- And… imagine yourself as the seller one day in the future.
Save day trading for the stock market
Let’s talk a little about #4.
Unless you plan on passing your property to your heirs, you will one day be selling your palace. Imagining yourself in these shoes as you shop for real estate can put you on the right track. As you tour properties, ask yourself “Will buyers like this place in the future? How will this area be different? Am I selecting something with mass appeal, or am I severely limiting my future saleability with my eccentric tastes? Does this home have any incurable characteristics? How many more homes like this will be made?”
In order to answer these questions, you must first know a little bit about your local market and what buyers prefer. This is one of the reason we write our series “Snatched Up“. But we’ve got some experience from working directly with buyers and can share some common threads we’ve noticed amongst them when it comes to picking homes. Here are seven things we hear often: Read the rest of this entry ?
