Is Now A Good Time To Get Into The Real Estate Market?

When it comes to the world of buying property, everyone says timing is everything or choosing the right time to enter the market can make you or break you.

Whenever you decide to buy your first home or investment property, time is on your side. Over the long term, history suggests the compounding returns of a well-chosen property will add up, whatever the market happens to be doing when you first buy. My advice would be getting into the market rather than watching it from the sidelines.  One of my favourite quotes:

"In baseball and in business, there are three types of people. Those who make it happen, those who watch it happen, and those who wonder what happened." -- Tommy Lasorda

What about buying today?

Cheap money or low interest rates create a great opportunity. Low interest rates lead to low monthly payments, this increases your chance of getting a mortgage as your serviceability increases. Years from now, we'll look back and say, "Remember back in 2016 when you could get a mortgage under 5%? Those were the days!"

Don't listen to the media 

The media pays meticulous attention to the real estate market. Auction results go up? The market is booming! Auction results go down? The market is crashing! Back and forth over and over. Remember, the media platform is accountable to advertisers that spend money with them, selling clicks rather than wise investment advice.

Real Estate Prices Are Cheap!

Yes, real estate prices have climbed significantly over the last three years. However, for those willing to hustle to find great deals or use a buyers agent, great deals can be found. I remember my Dad telling me how expensive real estate was in the 1980’s, Melbourne’s median house price was around $89K, and today it’s around $750K! Ten years from now you will likely look back at 2016 and say, "Why didn't I start back then?"

By Mark Ribarsky. Wise Real Estate Advice

We welcome your questions and feedback. If you would like to ask a question or leave a comment, please email info@wiserealestateadvice.com.au

FREE PROPERTY SEMINAR

Thinking about buying a property? The REIV are holding a free  Real Estate seminar. 

By attending you will receive professional advice on the current property market, how to choose the right home for you, relevant laws and more. Meet and hear from the experts, providing an outline of where and how to buy in the Melbourne market.

Featured Speakers:

• REIV experts on the status of the Melbourne property market
• Leading auctioneers give you an insight into bidding at an auction
• Legal and contract specialists with tips on what to look for
• Finance professionals with information on how to finance the property you want

When: Monday, 23 November 2015, 6:00 pm to 8:00pm

Click here to register.

Buying your first home or investment can be a difficult process that many find over whelming,  buyers agent can increase your chances of owning property portfolio that will help you achieve your financial goals sooner. For a consultation free meeting on getting into the property market contact us via email or call us on 1300 00 WISE. 

Mark Ribarsky. 

Senior buyers agents at Wise Real Estate Advice.

Advantages In Using A Buyers Agent.

Wise Real EstateAdvice, is a growing buyers agency group located in Melbourne. Wise specialises in residential property market with an emphasis on home buyers and investors.

Director and senior buyer’s agent at Wise, Mark Ribarsky has been helping property buyers gain numerous benefits over the broader market. “I have helped many people, from first home buyers to experienced investors to buy a property, that they otherwise couldn’t have done by themselves because they used a professional buying service.

A real estate agent is experienced in maximising the sale price for their vendor. “I’ve worked for one of Victorias biggest real estate franchises closing hundreds of deals over the years. Though regular training and daily negotiating I learnt real estate agents gain large advantages in controlling scenarios in favour of their vendors.

Buyers typically engage the services of a buyer’s agent for a number of reasons.

• Leverage your time, buyers advocate does the hard work short-listing suitable properties.

• A buyer’s advocate is a professional negotiator; they have the skills to obtain the lowest possible price.

• Eliminate the stress and frustration of being shown inappropriate and unsuitable properties by agents.

• A independent professional buyers advocate working on your side.

• Buyers Advocates, in most cases they will save you the fee and do all the hard work for you.

• Melbourne based buyers advocates know your local market. Source the right type of property in locations with good prospects for capital growth

Considering the property purchase will likely be the single biggest investment for many Australian’s, it makes sense to speak to a specialist company such as Wise Real Estate Advice who deals for buyers on a daily basis.

A buyers agent is able to look past the emotional connection of an owner. They can keep pragmatic and logical to provide sufficient third party guidance to ensure the purchase meets the buyers needs and wants. Along with this is a level of confidence and comfort knowing that the property has been thoroughly examined to ensure it’s worthy of the investment.

Buying your first home or investment can be a difficult process that many find over whelming, hiring a buyers agent can increase your chances of owning property portfolio that will help you achieve your financial goals sooner. For a consultation free meeting on getting into the property market contact us via email or call us on 1300 00 WISE.

Mark Ribarsky.

Senior buyers agents at Wise Real Estate Advice.