Jane Chen
Sales Representative

RE/MAX Realtron Realty Inc.
Brokerage
Independently owned and operated

Phone: 905-470-9800  Fax: 905-470-7770  Mobile: 416-418-9568

Investment Property?

September 12, 2012 - Updated: September 12, 2012

Due to this variance, realtors like to remind clients that all real estate is local, and that national trends summarized in the news media can often be out of sync with what is happening in your particular area. So, it’s a good idea to consult a realtor for local insight when thinking about a move, or when considering the purchase of an investment property.

 

The inventory of homes available at reasonable prices, coupled with today’s record-low interest rates, has many people considering investing in a second property. After all, consider the many times you’ve heard the lament,  ”I should have bought when prices were down – look at  what that place is going for now!”

 

A psychological advantage for many people investing in real estate is the knowledge that they are investing in something tangible. Unlike ”paper” investments, which can fluctuate on a daily basis, property is something investors feel more in control of – it has a more stable value.

 

A practical advantage for today’s real estate investors is the low interest rate they may be able to negotiate, allowing more of what they’re paying toward their mortgage to go toward paying off the actual loan, instead of the interest.

 

If you’re considering a second property as an investment, you’ll need to talk to seasoned professionals, such as a lawyer, an accountant and a local realtor, to make sure you’re clear on all the issues involved. Why not start by getting the latest update on your local real estate environment? Call me now to set up a no-obligation information session.

 

Due to this variance, realtors like to remind clients that all real estate is local, and that national trends summarized in the news media can often be out of sync with what is happening in your particular area. So, it’s a good idea to consult a realtor for local insight when thinking about a move, or when considering the purchase of an investment property.

 

The inventory of homes available at reasonable prices, coupled with today’s record-low interest rates, has many people considering investing in a second property. After all, consider the many times you’ve heard the lament,  ”I should have bought when prices were down – look at  what that place is going for now!”

 

A psychological advantage for many people investing in real estate is the knowledge that they are investing in something tangible. Unlike ”paper” investments, which can fluctuate on a daily basis, property is something investors feel more in control of – it has a more stable value.

 

A practical advantage for today’s real estate investors is the low interest rate they may be able to negotiate, allowing more of what they’re paying toward their mortgage to go toward paying off the actual loan, instead of the interest.

 

If you’re considering a second property as an investment, you’ll need to talk to seasoned professionals, such as a lawyer, an accountant and a local realtor, to make sure you’re clear on all the issues involved. Why not start by getting the latest update on your local real estate environment? Call me now to set up a no-obligation information session.

 

 

 


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