School’s back, and if you’re thinking of selling, investing or refinancing in real estate this fall perhaps it’s time to hit the books!
I have found that Buyers and Sellers either ‘jump into the market’ or ‘sit on the fence’ just because of second hand information from others or media headlines. It’s a huge mistake and I see this happening more often than not.
Take the hot Toronto market in the past decade for example. Many investors bought into the condo market simply to get into the market and into areas where it was already saturated. The risks are far greater now than they were 10 years ago, and it takes longer to recover from a loss. A lack of understanding and knowledge of local markets has never been so costly to an investor.
Now, with rising interest rates and higher prices in certain markets, investors need to minimize risk more than ever and as much as possible. Avoiding simple mistakes in the decision making process can alleviate these risks.
Looking to sell / buy a condo or house? Need some professional advice? Want to know your real estate options?I can help! Direct line: 416-219-6662