Learning When To Step Into The Real Estate Market

Written by Posted On Sunday, 03 November 2019 23:55

Real estate is without a doubt one of the most lucrative and special investments that you can make. Of course, there is an incredible freedom in owning your own slice of real estate heaven, but it is about so much more than that. There is something exciting about owning your own property and knowing that you have complete power to change anything, elevate anything, or even to completely tear everything down and build it back up again, stronger than ever. Real estate can be a fickle game to play, but it can also be immeasurably rewarding and valuable.

Ultimately, knowing when to step into the real estate market takes some consideration of all contributing factors. Regardless of if your dream real estate opportunity is a beach hut on the coast or one of the expo villas for sale in Dubai, it is important to pay attention to these defining factors because at the end of the day, these are the parts of the process that make the most impact and that matter the most.

Having a strong handle on your financial position

More than anything else, understanding your financial position is crucial to any real estate investment opportunity that you are considering making. It is easy enough to start looking at the real estate opportunities around you, getting excited about them, but it is quite another to actually take a step back and look at your own financial position. Have you been saving enough to even afford the deposit? Do you have a stable enough job, and some emergency funds saved away in case, to be able to confidently step into home ownership? Ask these questions and more, and more importantly, listen to the answers. Now might not be the time.

Knowing the area of the market you want to buy into

Like any other industry, it pays to know the area of the market that appeals to you, the area that you are interested in investing in. Are you looking for a property in the mountains, a farm in the country, an apartment in the city, or a beach hut by the ocean? The area of the market plays a pivotal role in how you can navigate the process not only right now, but as you continue to make your way through the real estate market. This will assist you in knowing not only where you want to buy, but also in understanding when you want to start moving in that direction.

Taking your time to step into the market at the opportune time

The ebbs and flows of the real estate market mean that, like it or not, sometimes it just is not a good time to step into the real estate market. It is important that you understand when the best time to dive into the market is, and when it is best to take a step back and wait for the right time to approach. There is no sense in buying a piece of real estate if you cannot afford the repayments down the track.

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Craig Lebrau

Assistant Director (Landed Property) for Mourne Property Co. (Sydney) from 2001-2015. Founded and led Lebrau Estate Agents from 2015 until now - a boutique real estate firm serving private buyers.  

I prefer not to disclose social profiles as they delve into my personal life, however please feel free to get in touch via email at craiglebrau@gmail.com.

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