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Real Estate Blog for Buyers & Sellers

Investing in real estate can be a great way to grow your wealth. However, in order to be a successful investor, you will need to identify the right properties to invest in. In particular, you will want to look closely at the following aspects of any house, condominium, or townhome you are considering making an offer on:


Location


One of the most important things to look for in an investment property is a great location. Put simply, you want to purchase real estate located in an area that people want to live in. However, this doesn't mean the home has to be in a gated community with perfectly manicured lawns. Instead, potential buyers and renters will be more interested in properties that are close to good schools, offer easy transportation options, and have plenty of retail and dining establishments nearby.


Normality


When searching for your own personal home, you may have been on the lookout for a house with unique character or interesting features. However, finding an investment property...

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If you're throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, it's also imperative to consider whether you can afford the costs associated with a mortgage, property insurance and potential repairs that might be necessary in the future.


Buying a starter home doesn't have to feel like an overwhelming experience. Here are some things to think about that might help you make a more informed decision.


Evaluating Local Prices


It's not uncommon for home prices to be unusually high in some areas, but to be relatively low within a specific city. It can be tempting to move forward with purchasing a home even in the midst of spiking prices in an effort to ensure that prices won't rise even higher. In some cases, higher market trends might be an indication that a downturn is within the near future. While the general rule of thumb for investing is to 'buy low, sell high,' forecasting the right timing to invest...

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Is your home currently on the market? Are you hoping for a quick sale and want to stack the odds in your favour? One powerful option to consider is to maximize the potential of the open house showings of your home. It is no longer enough to pop a sign on your lawn, leave a plate of cookies on the counter, and hope buyers will fall in love with your home. Today's sellers need to approach a showing like a reconnaissance mission. By analyzing the competition, taking advantage of technology, and understanding buyer patterns, you can significantly increase the potential of open house showings. Will one of the following tips help you sell your home faster?


- Use a mobile app to offer potential buyers extra details. Add the app link to feature sheets and email footers. If you're fortunate enough to have numerous visitors to your open house, you may not be able to attend to them all at once. A mobile app helps visitors discover tempting tidbits until you have a moment to attend to your next set...

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Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, and more than half would have trouble coming up with $1,000 on short notice. That lack of savings puts them at risk and makes achieving long-term financial goals much more difficult.


Building an emergency fund is a critical first step on the road to financial security. Many people think that they do not make enough money to build an emergency fund, but even low-income workers can set money aside if they take the right steps.


Take Note of Daily Expenses


You may think you have no extra money to build an emergency fund, but those extra dollars could be hiding in plain sight. Take a few minutes to review your normal daily expenses, from that morning cup of coffee and lunch with coworkers to daily parking charges and the take-out pizza you grab on the way home.


Look for ways to economize and swap...

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Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purchase a property for the long term and rent it out. These types of income properties are becoming more and more common and the following article will touch on why income properties make so much sense.


Low Interest Rates

Interest rates are currently at historic lows, and the central bank does not appear to be interested in increasing the rate any time soon. These rates allow investors to finance their properties more easily and allow them to offset a great deal of their reduced housing expenses via the income generated by renting the property. It is important to consider other costs associated with the property such as utilities, insurance, maintenance, and property taxes, but by renting out your property you are effectively having someone else pay down your mortgage for you.

Using Equity for Future...

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.