The ultimate investment

With the US heading into a recession, and the stock markets already reacting adversely to this, it is no wonder that most investors are turning to real estate to park their money for a while. The advantages of investing in real estate are many, so much so, that it is often regarded as the “ultimate investment”. One of the most useful tips that a potential investor in real estate will ever get is to never overpay. Careful negotiation and good communication skills are essential in striking a successful deal, because it is when buying and not when selling that the real profit is made. The lower the price at which you can get your hands on the property, the higher are your chances of making big money when it is time to sell.

Begin with the end in mind. Although the value of the property may almost certainly appreciate over a span of, say 15 years, the value of the same property may drop drastically in a shorter time period of, say 5 years. In this case, it would be prudent to consider making additions or renovations to the house to increase its value, which is why knowing exactly how you are going to treat the investment, is so integral to its success.

For more such tips related to real estate, contact Dale Warfel, a consultant with Keller Williams Realty. Dale is an expert in real estate in the Silicon Valley, with over a decade of experience in this field. He is well versed in the nuances of realty, and can offer valuable assistance in dealing with real estate properties and homes for sale in Almaden valley, Campbell, Los Gatos, Coyote, Midtown, and Willow Glen, all of which are localities situated in the Santa Clara County. So call him at 408 624 6202 to make an appointment.