Investing in real estate is often one of the most important and expensive purchases many people will make in their lives. How do you go about selecting the right property for you? You could follow these questions as a guide –
Location is extremely important, especially when it comes time to sell in the future. Ultimately your future sale price will be determined by the appeal and overall location of your property.
Being the under bidder of a property you love is a very hard thing to accept. Make sure you are pre-approved and remember, if the bank says $600,000 try and look in the price range of $550,000 – $580,000 to give yourself a financial buffer.
Make a list of things the property must have, could have and what you would like it to have. STICK to your list when it comes to deciding on the property and whether to put an offer in or not. Consider a Building & Pest Report to help your decision, it may cost a few hundred dollars, but it will give you piece of mind.