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Helpful Real Estate Tips

Helpful Real Estate Tips
Whether you're a prospective real estate investor, or someone who's simply in the market to buy a primary residence, we can all benefit from the nuggets that were shared via Twitter during the Real Estate Investment Network (REIN) BC Workshop last Friday (@REINCanada).
 

Below are a few highlights that attendees wanted to share:

1. Before purchasing a property, always get a survey. That two-dimensional drawing might bring to light information that you may have missed otherwise - such as the actual property line of a residence.

2. Take your tape measure to every viewing. You never know when certain measurements will come in handy - especially when you're trying to visualize the property later.

3. When obtaining a mortgage, don't be afraid to go for the going 4-year rate instead of the traditional 5-year. The rates are often lower, and many times a 4-year rate is all you need.

4. Don't believe the stats - always think regionally. While Canada's real estate market may be heating up, the regional pocket your interested in may be a buyer's market - and, resultantly, may offer some great deals.