Be it sellers or buyers, real estate business is no kids play. Even the most prolific investors often miss out on landing the best real estate deals. Obviously, for not-so-regular and first-time investors/buyers, there is so much homework to do if they want to seize the best real estate opportunities.
Choose the Right Plan: Different people have different purposes to get involved in the real estate market. Some simply want to buy a house to live in, some want to sell it because they are moving to a different town, and many want to buy a second house to bag some equity or rental profit through it.
Simply buying or selling houses is no easy business; some real difficult math is involved when you are investing in real estate to earn a profit. The big question here is – whether to sell a property right away to earn quick equity profit or to target long-term rental benefits.
Generally, going for long-term rental benefits is preferable, but it doesn’t mean that it works out best for everyone. Personal needs, current market conditions, and neighborhood development prospects, are some crucial factors that should be considered in this context
Also read this post that describes why renting a property is preferable to selling it.
Choose the Right Place: Every city or town has its own unique real estate market. Property price, property tax, development prospect, and rent growth rate are some important factors that must not be overlooked when doing the ground work for choosing a location for your real estate investment.
In addition to these, your particular real estate investment plan also plays a crucial role in choosing the ideal location. For example, if you are buying a home to move in, then of course you should go for a serene and easily commutable neighborhood. On the other hand, if you want to purchase a rental residential property, targeting areas with a booming job market will be the most mindful option.
Checkout this post to know which US real estate markets have the highest rental returns in 2015 .
Choose the Right Time: Timing, of course, plays a crucial role in landing the best real estate opportunities. For the past few months, especially since March 2015, there has been a constant growth in house sale rates throughout the country.
Undeniably, the housing market is gaining momentum with the arrival of spring. Currently, there are more opportunities for buyers as well as sellers than there had been a few months back. But according to Chief Economist Lawrence Yun a rise in mortgage rate is expected after mid-summer. Consequently, now is the right time to land the best real estate deal, especially for buyers.
Also read this post that features some handy house selling tips for this spring and summer season.
If you are looking forward to seizing the best real estate investment opportunities in 2015, then partnering with NRIA will act as the first step towards it. NRIA helps investors land the best realty investment deals in Philadelphia, PA area with assured high equity return and long-term rental benefits. Learn more about NRIA’s services on our official website. Also, don’t forget to share your thoughts on this post.