Buy a Top-Performing Property in Brantford

Many investors on the Brantford Real Estate market see the words “foreclosure”, “estate sale” or “motivated seller” and think that they have found the best deal on a potential money-making property. It’s true that these homes might be priced in a range that is enticing, but as an investor, if you’re looking to succeed, you need to consider factors outside of price point. As a Brantford Real Estate Agent who works with investors frequently, I tell my clients to consider a bunch of different facets of each property before they commit to an investment. Here are a few of the more important elements to consider:

Look at the big picture. How is the national real estate market right now? Is it a good time to invest? What price point SHOULD you be investing in based upon market conditions? These are all very important questions to ask yourself before jumping on the next cheap Brantford foreclosure. Buy what you know, understand and can comfortably afford to take on.

Check out the specific area. Before you invest in one of Brantford’s many properties, you need to consider whether or not it is sustainable long-term. Will people still be living and working in the area 10-15 years from now? Areas thrive and fade all the time and you don’t want to invest in an area that is on the way down. It’s something important to consider.

Location is key. You want your investment property to be close to amenities, transportation and major areas of employment. That’s where you will see the most buyer traffic and a higher likelihood of profit. Do your research on the neighborhood in which the property is in and assess its location before putting in an offer.

Really examine the individual property. When it comes to investing, you need to make sure that the property you are looking to purchase will end up covering all of its costs and the work you will put into it either through resale or tenancy. It’s important to figure out what needs to be done, work-wise, on the features of the home before you choose to invest.

Check out the market. What are other investors in the area paying for their properties? You don’t want to overpay or be too far off from the norm. Do your research and have the stats to back you up during negotiations. Without doing this, you could overpay and end up losing money on the property, so you’re going to want to take this step seriously.

These are only a few of the many factors to consider as you search for the most profitable, high performing investment property on the Brantford Real Estate market. In order to see success in the world of investing, you need to make savvy business decisions that will benefit you, so paying attention to buzzwords that suggest “cheap” properties won’t always give you the best results.

If you have any questions about how to find the right investment property in Brantford, don’t hesitate to contact me! I’d be happy to show you some of what’s available in the area and help you make the right choice. I hope to hear from you soon!

Wally Dufrat | Sales Representative
RE/MAX Twin City Realty, Inc. Brokerage

Over 521 Closings!
515 Park Road North | Brantford, ON N3R 7K8
Direct:  (519) 752-5400 & (877) 759-5900 | Cell: (519) 761-7400 | Fax: 519-752-3400

Before You Buy or Sell Your Next Home, Visit My Websites at:
www.BrantofordHomeInfo.com or www.FreeBrantfordHomeInfo.com for FREE Information!
 

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