Property Investing in The 21st Century

Property Prices

When you’re investing in property, it’s very important to know whether its price is going to go up or down in the foreseeable future. This much is clear. Yet, what if you’re no real estate expert? What if you’re simply an investor wanting to put money in something that has a very high chance of going up in value? You know that real estate tends to go up in value, but the question of, “By how much” depends on the individual neighbourhood, and on the individual property.

How do you ascertain how likely an individual piece of property is going to go up in value? Do you visit the neighbourhood and rely on your own, inexpert subjective opinion? What if the property you’re buying is in another country?

Property Gurus Inform You of Property Values

When trying to get a sense of a property’s value, don’t ask the owner; don’t ask your lender; instead, ask a property investment specialist such as an estate agent that deals with properties in that neighbourhood. Better yet, ask several agents working in that same neighbourhood.

This is not hyperbole: real estate agents have been known to determine the fates of entire neighbourhoods. The real estate agents, not lenders, or property owners, are the ones telling home buyers what to believe about homes and neighbourhoods. They are the ones to whom the writers of newspaper “real estate” sections turn, when researching new articles.

In short, if most of the real estate agents working in the same neighbourhood agree that the value of a given property in that neighbourhood is likely to go up, it will almost certainly go up. If they say that neighbourhood or property is doomed, don’t expect a good return on your investment.

Get A Property Investment Mentor

And, talk to other property investors who are having success. Someone who’s a property investment success such as Jamie McIntyre could provide you with a wealth of information and mentoring.

Written by Clint Maher - 21st Century Academy
Complete Wealth Education P/L © 2008