Have you been thinking about investing in property? If so, you’ve likely done extensive research on the matter. Maybe you’ve even “almost” invested in property, going so far as to talk with a real estate agent, but then changed your mind. You aren’t alone – many people find the process overwhelming and back out before they even start. However, it doesn’t have to be rocket science. Investing in property is relatively straightforward when you follow a few simple steps.
Check Your Finances
You need a clear picture of your assets, including your income, and your expenses. Even simply listing these numbers will reveal how much money you have available to invest. Do this before assuming you can’t afford it; you might be surprised. If you have a stable job and a good employment history, getting a loan shouldn’t be too difficult.
Apply for pre-approval either directly through a lender or your mortgage broker – but don’t apply for multiple approvals. The lender will check your credit each time, and multiple inquiries can be a red flag to potential lenders.
Think about what you want to accomplish by buying an investment property. Perhaps you want to secure your financial future or earn extra money so that you can be free to spend your time how you like. If you’re going to achieve your goals, you have to know what they are. For example, if you want to replace your income and retire within ten years, create a 10-year plan, then break it down into yearly timelines – even all the way down to weekly. This can keep you from becoming overwhelmed.
Budgeting isn’t glamorous, but it’s the only way to make sure you can balance your income and expenses. It also helps you understand what you’re spending your money on and how to plan for bigger future expenses. There are many good budgeting software options available to make this task easier.
Being informed includes knowing the market, being wary of schemes, and making use of the information available to you to make the right investment choices. No one can predict the future, but real estate agents in Flinders View and other sources can help you make informed decisions.
Finding a Real Estate Agency in Flinders View
At First National Brassall, we understand that investing in property can be overwhelming whether you’re buying a rental property or a home for yourself – and whether it’s your first property transaction or your tenth. That’s why our team is made up of only experienced and knowledgeable agents who can contribute to making it easier to make the right decision. If you’re looking for a real estate agent in Flinders View, rest assured that each agent at First National Brassall can provide you with top-notch service. Our agency is committed to giving you a superior real estate experience whether you want to buy, sell, or rent. We love what we do, so give us a call today and let us help you make your dream of owning investment property a reality.
When you’re preparing to sell your home or investment property, keep in mind that real estate agents in Karana Downs and other Ipswich suburbs are there to help. As you go about the task of getting your house ready to sell, there are certain questions you should ask your agent so that you know how to navigate the process as smoothly as possible.
How Much Will It Cost to Sell?
Naturally, you’ll want to know how much your home might sell for, but what about how much it will cost you to get the deal done? It’s essential to find out exactly how much the process will cost you. Ask about the upfront costs, what will happen if your property doesn’t sell, whether the commission fee is negotiable, and whether the agency can justify their fee. There is a lot of variation between agents, and cheaper is not necessarily better – but neither is more expensive. Find out what you’re getting for your money.
What’s the Best Way to Sell the Property?
Auctions can be good ways to sell your home for top dollar, but they aren’t necessarily always the best choice. Always question which approach might work best for your particular property.
When Is the Best Time to Sell?
Ask whether now is the right time to sell your property. When you’re ready to sell, it can be tempting to dive right in and start trying to sell immediately. But is it possible that waiting a few weeks could make all the difference? Ask your agent when the optimal time to attract the most potential buyers is, in their professional opinion. For example, selling a family home in the middle of winter may not be the best idea. Ask your agent for advice.
Is It Worth It to Upgrade?
When it comes to attracting buyers, a fresh coat of paint and some new carpet go a long way. However, do ask your agent for advice on getting the most bang for your buck. It may be that remodeling your kitchen or bathroom may not bring the kind of return you have in mind. Many people overestimate the value that certain renovations can add to their homes. However, sometimes, a property that needs a bit of attention can attract more interest, from potential buyers who want to do their own decorating.
Finding a Real Estate Agency in Karan Downs
At First National Brassall, our agents have the knowledge and experience to give you the advice you need to make the most of your next real estate deal, whether you want to buy or sell. Our vision is to exceed your expectations as we set the standards of excellence in our market place. Our team members possess an unrivaled passion for the Ipswich real estate market and especially for the people who call Ipswich home. Give us a call today and see how our 40+ years’ experience can help you achieve your real estate goals.