3 STEPS TO GET INTO A HOT REAL ESTATE MARKET Vida Glaser is a REALTOR living in the Cowichan Valley, offering the expertise you need. Contact Vida 778 966-9177.
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t’s the talk of the town these days. The real estate market seems to be like a run-away train that is speeding by. It may seem impossible to
catch and to get on that train. You CAN get on that train. I can help. It’s never too too late to enter the Real Estate market and to own your own home or buy an investment property. These are the steps. #1 Consult a mortgage broker who has the expertise and resources to guide you becoming “financially ready”. Most property purchases these days involve buyers that are very financially ready. Getting ready may be a matter of getting pre-
approval from your lender. Alternatively, if you have a fixed limited income and or some debts, it may take some longer term preparation or financial “house cleaning”. My advice would be “don’t buy a car on credit, if you are thinking of buying a house”. Debt elimination will give you some room for acquiring a good credit rating and savings for a down payment. #2 Consult a Realtor who has time and knowledge.
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A good Realtor will give you the attention and time you need. If you need some coaching on where to start, a Realtor can steer you toward properties that you can afford and profit from. It may be a starter home. It may be a property outside of your immediate geographical area. It may be an investment rental property that would be a primary step in building equity in the real estate market. Owning a property will secure your spot in the
real estate market, so that you will be on that train. #3 Consider that there are many ways to own a property and be in the real estate market. A real estate investment can be co-owned with a family member, co-owned with an investment partner. Room-mates or tenanted suites can help you make the monthly payments while providing you a home and building equity. Be open to your Realtor’s advice and suggestions. Make a plan for your future goal. For example, “I plan to sell my entry level investment rental in 5 years” so that I can buy a 3 bedroom home. Focus on the long term outcome. Change trains, but stay on that train, once you are on it. It may take some time to reach the goal of getting the property you want, but you CAN do it.
Prioritize your future with a free financial review! Kristy Landry | Financial Advisor | (250) 743-1259 | Kristy.Landry@edwardjones.com
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