Are you looking to invest in the real estate market? A few key factors that should be at the top of your list:
1. Demographics. Where are you looking to invest and why? Do your research and run comps and stats on what isselling and what has sold. Figure out what properties are selling for ($$$) and what kinds of properties are selling, etc… Are the types of properties (residential or commercial) you’re looking at in that area continuing to sell or have they been sitting for awhile? Does it seem like they are on the upswing or coming down from a good run?
2. The Economy. Reports say we’re in a good place right now in the real estate market, that the economy is on the upswing and that residential real estate prices are continuing to rise and that sales are continuing to pick up. Take that one step further though and look (through a microscope) at how the economy – past, current and projected – has effected and continues to affect the area where you are looking to invest.
3. Interest Rates. Having a clear understanding of what’s happening in the mortgage industry is HUGE. Discuss your options with a trusted advisor and research your options. Here’s a great article that covers the basics…read more.
Overall 2015 is looking good so far – happy investing!
No comments:
Post a Comment