Get inside of the mind of Sync Brokerage
The internet has been rough for people who make connections. People like travel agents have been usurped in their fields by websites that can get packages and rooms on the cheap. The impact of Amazon is seen more and more by small business owners and major brands. Food delivery, in town transportation, even home-cooked meals have changed.
So you’ve gone house hunting and fallen in love with a property. As in any love story, people often overlook the bad and focus on the good. By taking a step back and looking at the things you don’t like you can gain a lot of clarity. When you notice something undesirable, ask yourself “can I live with this forever?” When it comes to property, you really need to focus on what will happen in ten years.
The last six years have been good for real estate. Home values have risen and gains have accelerated. The last housing boom was driven by fast and easy money, while the current market is driven by a lack of supply and surge of demand. Much like the prior housing boom, this is not sustainable. A continued rise in home prices cannot continue because the average wage has not met the rate of increase. Mortgage interest rates are also a factor in affordability, however, because of the heightened demand, it is still believed that this type of growth is sustainable. Even with the economy improving, the rising interest rates will be a problem.
Historically, real estate is an investment that has brought more wealth than other industries. People hesitate at the thought of having the capital to start with. While you need to be able to get the funds to start, having capital up front is not as necessary as once thought. A little bit of money to open an escrow account can lead to great profits from real estate even for beginners. A couple of things to remember:
