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Vancouver Property Buyers Offer Consumer Tips for Stable Long-Term Propery Investments
VANCOUVER, BC --(Marketwired - March 18, 2016) - Empyr Living, a boutique property buyers agency, understands the competitive nature of investment property in Vancouver. When working with clients, this dynamic real estate team helps educate people on how to make a healthy profit. Their latest blog contains their top three real estate investment tips. For more information, go to: http://www.empyrliving.com/tips-for-buying-a-home/top-3-vancouver-real-estate-investment-tips/
The first tip is to avoid bidding wars. Instead, the smart thing to do as an investor is to explore other options to make a healthy profit. For example, pre-sale condos have a pricing structure set by developers. Park your 20% deposit over the course of the year (most will split the deposit into 4 payments) and use the building time as leverage for your investment to appreciate.
The next tip is to set your objectives and do the math. Are you looking for a rental property with positive cash flow? How long do you plan to keep the property? What return on investment are you aiming for? It's important to remember that banks only consider a certain percentage of the rental income when evaluating an investment loan. Talk to your mortgage broker about which financial institution is best suited to you.
Finally, the blog recommends expanding your horizons and search area. For example, very few investors consider commercial real estate, even though there is far less competition in that niche. Additionally, as land prices continue to surge in Greater Vancouver, the outlying areas are catching up, so it pays (quite literally) to look beyond what's in front of you. Places like Burnaby, Coquitlam, and Surrey hold huge investment potential.
Remember, whether you're looking for a home or an investment, it's important to work with a seasoned team that understands your needs. With experience in buying and selling properties all over Vancouver, the Empyr Living real estate team can help you meet your goals.
About the Company
Empyr Living offers a bespoke, personalized real estate service unlike any other. Their sole purpose is to understand their client's lifestyle. They only cater to a select few at any given time so all clients remain privy to impeccable efficiency and undivided attention.
Company website: http://www.empyrliving.com/