To Flip Or To Flip? A Tutorial On Real Estate Investment

To Flip Or To Flip? A Tutorial On Real Estate Investment

Blog Article

Toronto has always been a place for the rich to enjoy their spoils by buying up luxury condo's that even a King would envy. But in the last two quarters of the previous year the market for luxury condos has flat lined. The number of new condominiums sold in the last quarter was a full 18% lower than the previous year. In fact, even the number of condos built was considerably lower (at least 1,000 less) than last year. But what is fueling this loss of growth, and what does it mean for the real estate market in general?

How many and what type of truck deliveries do you get a day, a week a month? Make sure the property you choose can handle the trucking volume without interruption from other tenants or property limitations.



The first reason why you should be hiring a real estate agent is because he has a complete knowledge of the laws. You or any other person who does not belong to this field cannot be as knowledgeable as him. real estate in Marbella. estate agents have spent years in this field, which is why they have enough experience to guide you according to the laws. These individuals have a proper knowledge of the market conditions, marketing techniques, paperwork and a lot more.

Almost every surfer on the web real estate development. has run into a junky site intended only for them to click an ad. You know the kind of site I'm talking about...no content, nothing of value to the visitor, and very frustrating to land on.

The more traditional way to sell real estate is to go through a real estate company or benalus service. estate agent. This home selling option will leave you less money at the closing table but could yield a better experience than selling your home by yourself. After all, you are hiring a professional to take care of all the home selling tasks.

Interview several agents. Ask to see what properties they have closed the deals on in the last twelve months. Look online at their website. If you are a seller ask how they will market and promote your home. If you are a buyer then ask how they plan to find you the right home. Just using the MLS listings is not enough. Make sure they have the basics; their license, up to date training and work at real estate full time. Also ask if they are a broker or an agent. A broker generally has more experience and training.

Now, take this a step further. You walk into a luxury goods store where you just want to peruse the merchandise with no particular intent to buy. You are in a "just looking" mode. Get the idea that the manager of the store follows you around every step of the way peering over your shoulder. How soon would you be inclined to make a return visit?

Just because a property falls under the luxury umbrella, does not necessarily mean that it is problem-free. Structural problems such as improper weight baring pillars and roofing issues, evidence of water damage and mold, or piping and HVAC problems are just some of the problems one can find in any property. That is why it is integral that one conducts a home inspection before signing on the dotted line. Most importantly, make sure your contract for purchase includes a home inspection contingency, i.e. a statement that permits you to freely walk away from the property if the inspector finds a problem with it. A competent broker also won't waste your time or their own by showing you properties that aren't satisfactory.