Posts

Buying a home during COVID-19

There’s no doubt it’s an unusual time during this global coronavirus pandemic. But, fortunately, we can find some positives in buying property!

Almost everyone suspected that buying a property while in isolation would be almost impossible however, at the end of the day, we all need a place to live. So while some buyers probably wouldn’t have chosen to be looking at purchasing their next home during an unprecedented lockdown, it might not actually be as bad as you might think.

If you’re thinking of buying now, here are some tips how best to approach the situation.

1. Assess your own situation

While the outbreak is one matter, the economic aftershock of the pandemic is another and conditions can change rapidly, both positively and negatively, so you’ll need to take it day by day.

If you find yourself working in an industry that is currently affected or will possibly be affected, then you need to assess the likelihood of continued employment.  If you feel comfortable, or as comfortable as you can be, then now could be a great time to find that dream home.

2.  When it comes to your money,  plan for the worst

It’s impossible to know what the future holds but you can plan for the unexpected by making sure you can access a financial buffer if you need it.  The more money set aside the better, but this isn’t always possible – especially for those working in industries affected by the COVID-19 shutdowns, such as travel and hospitality.

If you’re thinking of taking out a new loan, you should do your best to make sure you’ll be able to service it especially if someone else in the household loses their income.

On a positive note, companies will need to rehire once the pandemic eases and the economy comes back.

The other unusual thing to consider is, the record-low interest rates.

Owning your own home is still the great Australian desire, and as we are seeing at inspections, many owner-occupier buyers are pushing hard to secure their home in the face of the global pandemic.

3. Seek out the best advice

If you have any doubt about anchoring yourself to a long-term relationship with the bank then search for knowledgable experts.

The adjective we’re hearing around this current situation is “unprecedented”, so it’s highly likely you’re going to get a wishy-washy answer. But the more informed you can be, the better decision you’ll make.

I also recommend you only focus on accurate and timely sources as situations in the property market are changing almost daily and what was relevant 4 months ago is not now.

4. Remember, property is for the long term

An important thing to remember is that property is a long term purchase. Experts agree that owning the family home is a great way to ensure long-term financial security, and while markets can dip in the short term, property values will generally increase over the long term.

To be in the best position to buy be pre-approved, confident and informed and don’t be afraid to make an offer.

“Be greedy when others are fearful, and be fearful when others are greedy.”
Warren Buffet

 

 

Home Buying Tips for First-Home Buyers During Covid-19

2020 was shaping to be a bumper year for property buyers due to historically low interest rates, easier-to-access credit and more properties to become available in the market.  However, with Covid-19 and isolation in full swing, we now notice fewer properties coming to the market.

During this Covid-19 period, first home buyers have found that most of their competition from investors and down-sizers have all but gone but so has the choice of property to buy.  As a result, first home buyers are still experiencing challenges when having to compete for the property of their choice!

Finance can be the biggest challenge. While financing has been made easier for people with low credit risk, anyone with a slight tarnish on their credit history or with a unique way of earning money may experience difficulty in getting approved.

Banks are requiring less paperwork now, but open credit reporting has become available on the web, banks can access 24 months of a person’s history rather than the six months they did in the past. 

This means people have to keep their credit history clean for two years and must save now if they want to purchase in the future.

It is important for first home buyers not to worry about missing out. Real estate should be regarded as a long-term investment. Rather than choosing to purchase in a location that is cool and possibly paying a higher price, buyers should look at areas where there is more supply.  A little further away from the beach, bars and the city.

Suburbs like Kotara, Charlestown, Cardiff and Warrabrook.  Homes near infrastructure, on a train line and shopping centres are good buys. Reasonably-priced small homes or townhouses like 3/8 Jill Parade Charlestown are good purchases.

For apartments, purchase in the inner west like this ‘off market’ home at 1003/11 Charles St Wickham and if on a tight budget choose something smaller or older.

First home buyers are also advised not to panic because more stocks are coming into the market, which will re-balance demand and supply. It means they could rent for another year until prices become affordable.

First home buyers should also consider “rentvesting” as a strategy. Rentvesting means investing in reasonably-priced markets and renting in a suburb they prefer.

The new First Home Loan Deposit Scheme, which lets buyers get a loan with a deposit of only 5%, can help buyers and invigorate the lower spectrum of the property market.

People should seriously address any difficulty they may have regarding raising finances. Banks are known to examine the personal spending much more closely thoroughly for first-time homebuyers.

Use Covid-19 to help get a loan approval by preparing food at home instead of getting take-in.  Now that you’re not going out to coffee shops, cafe’s and bars, you won’t even need new clothing or shoes either.  Banks would look at you more favourably if you are cutting back on your expenses.

Lastly, it is important for you to get pre-approval before you start inspecting new homes. You need this to be in a favourable position when competing for the home you really want and you need to be able to action your intention to buy.

 

 

Why Buy and Invest in Australian Homes?

The property market in Australia continues on its upward trend today especially in the Sydney and Melbourne markets as well as our own in Newcastle.

In Brisbane and other cities, the situation has stabilised.  Evidence shows the housing turnover is increasing.

Based on these conditions, is it safe to say it is the right time to invest in Australia?

Here are six reasons to invest in Australia’s housing market:

  1. Tax advantage

This ensures that homeowners will not lose as much money on an investment. This type of tax break in Australia is called negative gearing. The term implies that your expenses and interest payments are higher than your return. It indicates that even if the home value increases annually and you have positive cash flow, it still could be losing money.

The loss from negative gearing covers the computation of many factors, including property income, property expenses and depreciation.

You will need to compute the amount you can subtract from depreciation, or ask your accountant can do that for you. The expenses consist of capital items, revenue deductions, building allowances, etc.

If you have a loss, you can avail of a tax break on all your income. This is done by offsetting the net rental loss from your other income. The outcome is that, for tax purposes, your income is less. This means you pay reduced taxes at the end of the financial year.

This tax benefit is one of the biggest appeals to property investors.

  1. Stability

Australia managed to stay afloat when the US real estate market crashed in 2008. Other countries like Spain and Ireland felt the crash, but the federal government successfully stopped home prices from declining.

One of the daring moves it made was to increase the amount of grants to first-time home buyers. From $7,000, the grants were raised to $14,000 for established homes and $21,0000 for new-builds.

The massive increase was opposed by many. But it turned out to be one of the main factors why housing prices in Australian remained on an uptrend at the same time home prices in the U.S. declined.

  1. Robust property market

If you are purchasing a home for investment, the market conditions are on your side right now. The property market is flourishing again following a brief slowdown. It is enjoying a strong uptrend at present. It was 2017 when the Australian market last enjoyed a strong performance. A significant number of Australians are intent on purchasing a home today.

  1. Beautiful vista from Australian homes

If you want to invest in property with some of the best views in the world, then buy in Australia.

The various regions offer an assortment of views, from our Sydney Harbour to the Blue Mountains, golden beaches, tropical hinterland or vast open plains – Australia has it. 

  1. Accessible for foreigners

There are strong laws about foreigners buying properties in Australia. The Foreign Investment Review Board (FIRB) is the regulatory body for investments by foreigners, both for property and business.

You need to undertake certain processes to be qualified to purchase. You have to also follow certain rules. For example, you’re not allowed to purchase a house if you don’t intend to live in it full time. However, you can purchase a newly constructed property if you plan to live in it intermittently. You can also purchase new-builds for investment.

You need to seek approval from FIRB for both these options. But there is one option that doesn’t require approval – purchasing a new plan or apartments directly from the developer.

  1. Standard of living

Australia ranks high in many areas of human well-being. It performs well in income, education, environment, health, life satisfaction, etc. In general, Australia is a good place to seriously consider if you want to live or invest in an area that guarantees a high standard of living.

Many cities in Australia also measure well in terms of public transportation. It is easy to move around using buses, trains, trams and taxis.

If you want to travel to other regions, flying domestic is cheap. Fares are even cheaper for buses and interstate trains. 

Contact us today at One Agency Pinkerton Properties for more information and we will get you in contact with professionals who can help.

 

 

Bridesmaid Suburb: Your Alternative When Priced Out of your Dream Suburb

Is your heart set on living in a specific suburb? Maybe it’s a short distance from your work, you grew up in the area, you want access to a particular school there, or you really like the homes there.

Home prices increase due to buyer demand in popular suburb pockets. It means the hope of residing in a particular area is isn’t attainable for many, especially first home buyers.

But sometimes, checking out the suburbs near your dream one, frequently referred to as “brides-maid” suburbs, can open up homes in a buyer’s price range.

Look a bit further afar, particularly if you know nothing of the area. It can give you a wider base to begin your search on. Switching suburbs can gain you access to another bedroom, it can give you a backyard, it can move you from townhouse into house territory. There are many advantages.

When helping buyers in search of their new home, there are four things that a good agent will ask them to compromise on: raising their price range, lowering their expectations of size, purchasing an older home, and remodeling, or expanding their search further afield.

Of course, you will also need to compromise some things if you decide to live in a bridesmaid suburb.

These suburbs are less costly because you need to make concessions. They are inexpensive for a rea-son. However, if you list down a wish list and agree to compromise on certain things, you’ll be amazed how your dream suburb matches the so-called bridesmaid suburb.

Assessing sacrifices like commute time, or additional walking distance to stores and cafes, often doesn’t measure up with considerably lower mortgage repayments. And there are many of these throughout the capital cities.

For example, a family home in Williamstown has a median price of $1.3 million, but in Altona (an inner southwestern suburb in Melbourne), which is just one suburb away, can save you $500,000 on mort-gages.

In Brisbane, Ascot is an established blue ribbon suburb, well-known for its verdant streets and time-less Queenslander homes. But one kilometre away to adjacent Hendra, the median home value is down by $300,000. 

In Sydney, a perfect example is Mosman, with a median home price of $3.7 million. But in Naremburn, which is just a 10-minute drive away, has a median home price that is $1.8 million lower than “bride” suburb Mosman. Aside from cheaper, this bridesmaid suburb has a café culture, that highly regarded lower north postcode, or similar distance to the city.

It is a long term play if you buy in a bridesmaid suburb play. Being located adjacent to a more favoured suburb means there is a high probability that the neighbourhood will be gentrified over the years, which can only support your outcome if you decide to sell.

You benefit from the drag up effect, particularly if it is an adjacent postcode and it has not yet become popular like the original suburb you are looking at.

Expect to get an overflow from other similar-minded buyers as well, so gentrification is a major deal when you are considering the neighbouring suburb.

Key for women investors

Can women achieve financial freedom with property?

Women are experiencing poorer outcomes than men when it comes to their long-term financial futures, and it’s a well-known fact the the financial gender gap is a common denominator.

According to the Australian Human Rights Commission, increasing numbers of maturing women in Australia are experiencing or are at risk of being homelessness, with a rise of over 30 per cent in the last five years.

Three in five single mums (60 per cent) and around half of all single women (46 per cent) said they had no idea on who to ask for help and confessed to not knowing enough about money to getting their finances or their housing problems on track.

Women need to take control of their financial futures and it’s never too late to start.  Sure, it’s preferable when women are younger and single, but they can be instigated at any age – particularly to help prevent financial stress following a marriage or relationship breakdown.

Starting again

I personally had to start again.  A young mum with a two and a three year old, and at the end of my marriage, I walked away with just a small amount of equity in my house and a massive mortgage.

So, I got a serious. I had to make sure that I didn’t loose the roof over my children’s heads.  I spent pretty much every day and night working.  I was already good at budgeting but now it was tighter than ever, living pay packet to pay packet and having only 40 cents left each week.  Just enough to buy the kids a soft cone from McDonalds each week as a treat.

My background was accounting but I also sold cosmetics with a direct selling company in peoples homes and I modelled too.  Every catwalk and tv commercial job I could get I took and I would make it all fit, somehow!

I just worked and worked, paid down the house until I had on $27,000 to go, was able to build a brand new home and keep my existing home as an investment property.   Now many years later and after a few changes in careers I’ve ended up owning my own real estate business selling and managing properties.

For more information about how to find your financial independence through property, book an appointment with Scott Pfeiffer of  Pfeiffer Properties  or attend one of his information sessions.

https://www.pfeifferproperty.com.au/

 

 

 

Why is the Christmas Season the Investment Season?

Do you know that the Christmas holiday period is the best time to purchase an investment property? Yeah, who has the time, right? With the Christmas rush, shopping for presents and going to all sorts of Christmas-related events, who has time to sneak in a purchase of a property? Virtually all people can relate to the holiday season as the time for family, reflection of the past yes, and food!

So what makes this festive season the best time to buy?

Here are the six reasons why:

  1. Determined sellers

If your home has been in the market for a few months, would you really want it to remain unsold through Christmas, and then possibly into January or February?  The reason why sellers put up their property for sale before Christmas is because they want it sold before Christmas.

This is a great opportunity to take advantage of this type of seller!

  1. No person likes tax

Another compelling factor for vendors in December is the coming land tax date, which falls at midnight on 31 Dec in NSW and Victoria. The land tax threshold covers any property owned or jointly owned on this period, so sellers who have surpassed the limit may be eager to sell quickly.

If you are seriously considering making a purchase and don’t care about the threshold, then you may have an advantage on price negotiations.

  1. Less competition

Other buyers in the market stop looking, which means less competition. During this time, most people are in the “deal with it later” mood. This means the property market is an “all you can eat buffet” of investment properties, and you’re one of the few partaking in it. 

  1. Sales agents are gearing up for Christmas, too

Like other people who are rushing to complete their business before the year concludes, sales agents are also preparing to wrap up their sales for vendors. This not only benefits sellers, who can have the peace of mind knowing they have finally sold their home, but sales agents too are working to bring in those final commissions for the year.

With determined sellers, hardworking agents and keen buyers, the end-of-year deadline can deliver positive results for all parties.

  1. No one likes homes that are already on the market for months

Listings tend to increase at the end of January. People who had been delaying selling finally made the move to put their properties on the market. This results in new properties for people who are looking to buy.

Ask yourself, if you put a property on the market in November and it remained on the market come February and it was regarded as “old stock” in a marketplace full of new listings, do you believe this is a good thing?

The answer is, NO. For this reason, sellers are determined to avoid having their property put on the old-stock list and maximize their chances of successfully offloading their home.

  1. Using the terms to negotiate the price

For a majority of the people, December to January is that period when they have time. For owner occupiers who are considering to sell, this may be the right time to act. And for a person who has just purchased, the burden to sell can rapidly intensify.

With many services, such as solicitors’ offices closing, banks closed for public holidays, slowing down for the holiday season, sellers in this situation may agree to say yes to a lower price for more flexible settlement terms.

This is an advantage you would have failed to benefit from if you delayed until February to purchase.

If you want to put together a property portfolio; or maybe if you prefer to remain focused on your long-term goals; or if you want to give your family the gift of wealth, talk to a buyers agent, and  allow them to do all the work for you.

8 Things You Should Know if You Are Buying a Home Now

In 2018, you wouldn’t have been worrying about your Uber Eats budget. But this year, the lending environment for homebuyers has changed – and they need to adjust their spending behaviour accordingly.

Here are eight things to remember:

  1. Banks are choosy about who to lend to

Before the announcement of the Royal Commission in December 2017, it wasn’t required to scrutinise a prospective buyer’s spending. But now it is a requirement in the lending process.

What this means for homebuyers is that the process of securing a loan has become more difficult. But you still have a chance to get a loan approval if your saving is consistent and your debt is negligible.

  1. Uber Eats is a bad idea

You may feel like combing through your bank statements is a bit unnecessary, but this may be the practice at your lender when they are screening evaluating you for a home loan.

Now that lenders are looking more closely at an applicant’s financial situation since the Royal Commission, first home buyers need to thoroughly understand their financial circumstances and be able to show that they can meet the monthly repayments.

Experts suggest computing your estimated repayments prior to applying for a loan and saving that amount.

  1. Afterpay is also bad

If you thought putting all the purchases you made in the last three years on Afterpay or Zip Pay is a good idea, it’s not. Banks consider these as debt.

First home buyers should know that lenders will look at their spending debts in detail when evaluating their borrowing capacity, so they have to be aware of the effect of their debts. These include car loans, personal loans, credit cards and Afterpay.

What you can do is keep track of your spending and limiting them as much as possible. Start being frugal and get rid of any unnecessary subscriptions or regular payments.

Lenders see first home buyers as fairly safe borrowers. They are usually just starting with their careers and have years and years to pay off their loans. But we are unlikely to see a lot of changes in responsible lending in the near future.

  1. Time to enter the market

It is currently a buyer’s market so this is probably the perfect time to get in the game.  Prices have returned and there are fewer buyers, which means the competition for buyers is not as strong as before. 

  1. Slow and steady is the way to go

Based on current conditions, it is a slower market. So if you can afford it, you could be a little choosy and take some time in finding the perfect home.

  1. You can negotiate

You have the advantage in the negotiations process because it is a buyer’s market. Don’t hesitate to make an offer prior to auction, let a property go or bargain for a better price.

But keep in mind, don’t pass on a place you love just because of savings that will prove insignificant in the long run.

  1. Shop around for a lender

It is a fact that the Royal Commission shifted public opinion for the major banks, and because a home loan is a big financial obligation, it is essential to feel confident about your lender.

It pays to shop around when you are searching for a lender as this would allow you to secure a better deal outside of the four major banks.

Look for lenders that offer products with incentives for first home buyers. 

  1. Take advantage of government money

The government offers incentives to first home buyers, so use it!

Included in the incentives are concessions and waivers on stamp duty along with a one-off grant to first home buyers that ticks off the eligibility requirement. The amount and criteria are different from state to state, but it will benefit you to look into it.

 

 

 

Tips About Property Settlement for Homebuyers

Looking online and going to inspection can definitely be enjoyable, but can you find a buyer who can honestly say that they dislike the long-drawn-out and chaotic back-and-forths.

Property settlement is the culmination of home-buying process. It is when you officially become the owner of the home you have always wanted. And what’s more, the tough work is over for you.

Here are some helpful tips to make the property settlement process simpler and easier for you:

     Know about property settlement

The first thing you need to know that is property settlement is a legal process that hands over the ownership of a property from the owner to another. It is the day of paying the rest of the sale price, and it typically performed by the buyer’s legal and financial representatives and those of the vendors.

The vendor assigns the settlement date in the contract of sale, with most stated between 28 and 42 days after the sale is agreed upon.

     Schedule the last inspection

The property must be transferred by the seller to the new owner in the same state as when it was sold. You can see if the seller is on track to fulfil this duty by inspecting the home at one point during the settlement period.

In NSW a buyer’s right to a pre-settlement inspection is usually set down for the afternoon before or the morning of your settlement date.

During the inspection, buyers should make sure all fixtures and fittings in the agreement are present.

    Take out building and contents insurance

It is normal for your bank to advise you to organise building and contents insurance in effect beginning on the date the vendor signs the agreement. Doing this should protect the interest of both you and the seller.

     Allocate expenses

For the duration of the property settlement, both the seller’s and your representatives will have to figure out the portion of rates and other fees that each of you have to pay.

The vendor must pay for fees up to and including the settlement date, and you must pay for fees from the day following the settlement date.

The correct amount you have to pay will be stipulated in a document called a settlement adjustment statement.

This document will also specify the amount of land transfer duty, or stamp duty, you must pay on the sale. Depending on the state where the home is located, you have between 28 days and three months following settlement to pay this duty. However, remember that the title cannot be given to you until you have paid for it.

     Understand the things that happen on settlement day

Your bank and settlement agent (which could be your lawyer or solicitor) are in charge on settlement day – in fact, you don’t even need to be there.

Your representatives and the vendor’s representatives will meet to sign and exchange the final documents of sale, with each of the party responsible for a specific list of tasks unless using PEXA which means that settlement will happen electronically.

Your bank will sign on a mortgage against the title of your new home and give the funds to buy your new home, and your lawyer or conveyancer will have to make sure that all rights of third parties have been stripped off, that the current mortgage on the seller’s title has been executed, that all provisions on the sales agreement have been met, and that the home and mortgage transfer is filed with the right titles office.

After all these tasks are completed, your bank will deduct from your loan account the amount they paid at settlement and then you must pay the stamp duty.

Finally, you’re all good to get the keys and move into your new home.

 

 

Etiquette for Buyers During Open House

Home buyers don’t want to end up with a dud, so a certain amount of looking and inspecting is only to be expected. However, how much is too much?

 

What are you allowed to do? Do you walk straight in? Do you present and ID? Is there a dress code? What questions can you ask? Are opening cupboards acceptable? Here are the answers to all your questions and more.

What can would-be buyers do during home inspections?

1. Ask questions

The goal of the agent is to sell the property, so feel free to answer as many questions as you like. If you have additional questions, you can also call the agent after the open house.

  • Has the home been renovated?
  • What are the buyer’s reasons for selling?
  • Are there other offers you have received for the property?
  • Is the area going to have major developments?
  • How many months has the property been on the market?
  • Are there problems with the house, the land or the nearby properties?

2. Inspect for damage

You can open kitchen cupboards, open the taps to check the pressure, or check for squeaking doors. Be polite when you request to use a tape measure to check for dimensions.

3. Ask permission to take photos or video

Listings already feature photos, videos and floor plans, but it is still generally acceptable for prospective buyers to ask to take photos or videos at an open house. But just to be safe, ask your agent if it is okay to do this.

4. Feel at home, with limits

When thinking about purchasing a home, it is normal to want to know how it is to live there, so don’t hesitate to sit on the sofa or the kitchen counter. However, don’t do things like jump on the bed.

5. Wear comfortable attire

If you are worried about what to wear for an open house, don’t. Most open homes are conducted during the weekends, so people will be in a relax mode.

 

Things you shouldn’t do in an open house

What you shouldn’t do during an open house can be summarised in two words: basic manners.

1. Openly critique the households

It is normal to find issues while you are looking at the property, but it is rude to say out loud your criticisms. What you should do is call the agent when the open is finished to talk about any problems.

2. Bring beverages or go barefoot

Not bringing drinks or anything that might spill and make a mess in the home is a common courtesy. And even if you are attending an open home of a beachfront or beachside property it is not appropriate to go without footwear.

3. Take kids with dirty shoes with you

Because open homes are typically held on weekends, busy families will try to squeeze this in their scheduled activities. Don’t allow your kids to enter the home with dirty shoes in consideration of the homeowners.

4. Snoop

Taking a quick look about how spacious the kitchen cupboards are is quite different from snooping around by going through other people’s belongings. Never snoop around during open homes.

5. Ill-mannered

Being polite is the most effective way to build rapport with the agent. Agents do encounter people who are rude for various reasons, but they are at open homes on behalf of the owners, so the best approach is to be well-mannered and communicate with the agent.

Providing ID

In Australia, there is no law requiring would-be buyers to provide identification when attending an open house. But you may be asked by the agent to sign a log before entering the property.

A reliable agency will send more than one agent to an open home, so there will be someone to greet you at the door. You are entering someone’s home, so you would be asked to sign you name and provide contact information.

If you don’t want an agent to make a follow-up call to you, simply state that on the day of the open house.

7 Common Mistakes to Avoid When Buying Property

Majority of the people who enter the property investment market don’t succeed. They commit mistakes that can easily be avoided.

Here are eight mistakes that are easily avoided and help you successfully navigate the path towards property investing.

1. Choosing the wrong loan structure and lender

Many investors choose a loan type that works against them rather than for them. This can have serious consequences later on. Similarly, choosing the wrong lender for their particular investment property can have negative effects on their ability to secure a loan for their next property.

2.  Lacking an even strategy of capital growth and cash flow

Focusing only on capital growth can compromise cash flow, causing the investor to eventually lose the capacity to borrow and unable to keep growing their portfolio.

Similarly, focusing on higher yield property can compromise more ideal locations for capital growth, leading to less wealth being produced in the future.

3.  Not doing research

Being myopically minded, people buy where they are familiar with and take shortcuts when they decide on a property, foregoing to spend time on doing further research that would benefit them.

Buying where your home is, and where you are at ease can often result in considerably limited opportunity.

4.  Losing patience with your investment and selling too soon

If you believe you bought the perfect property, it is smart to hold on to it. Property investment is long term.

If you are not developing or subdividing or renovating for profit, you usually have to keep the property for a while to let it profit from the property cycle instead of being badly affected by the cycle it is in.

5.  Waiting for the right property

Fear is usually the culprit of analysis paralysis and the inability to act. The sad part is when you suddenly make the realisation when you’re already 65 years old, and hadn’t done anything for your retirement, except for increasing a negligible amount in superannuation. This usually happens because for many people doing something is far scarier than not doing anything.

6.  Too late in realising that you underestimating the cost of a property

The cost of property includes rates, insurance, agent fees, maintenance allowance, water, and more. Make sure to hire the services of a quantity surveyor to create a depreciation schedule so you know the tax deductions that you are eligible to claim.

7.  Taking advice from backyard experts like family and friends

Family and friends usually don’t have the knowledge and experience to offer you helpful information. Don’t listen to opinions and hearsay; search for facts and figures.

These people are not out to destroy you; they probably just want to feel important by providing you with an opinion. Seek the advice of a person with experience, someone who owns several properties, as they have enough experience to give advice.

You can increase your chances of being more successful by knowing about these mistakes and doing something to avoid them.  In the end, the key is your borrowing capacity, creating a personalised strategy, and buying in an ideal location to conform to the strategy, your personal situation, and your objectives.  The most important is knowing that fear is the biggest obstacle to an investor’s success. Defeating fear is crucial. Fear shows itself in many varied ways, so understanding and tackling them head on should help you overcome.

One of the major contributors to a satisfying life is investing for your future and being financially secure in your retirement.