Archive for May, 2007
Written by Marc on May 17th, 2007 with no comments
In a sellers market, the real estate prices are usually higher than what you paid for your rental property. It is an excellent chance to make a profit and sell your income properties. But before you do, consider these two scenarios:
- Sell your properties for a profit
Obviously, if you need a quick buck, or feel like cashing out, this would be the time to do it. No one complains about making money and that was the reason you bought the property in the first place, right?
This is also a great opportunity for you to take your smaller properties and turn them into a larger, more profitable property (think four green houses one red hotel). Usually if you follow this …
Read more articles on Real Estate Investing and Saskatoon Real Estate.
Written by Marc on May 15th, 2007 with no comments
Groan. I know some of you don’t really care for the whole reading thing, but make a point of reading what is below this introduction.
If you want to succeed and exceed the success of your peers, you need to learn something new everyday. I am not talking about a large amount of time to invest, rather just be consistent. Learning can also include listening to a book on tape, attending a seminar, or just reading a book.
Spending time each day learning may not seem to mean a lot but consider this: the days add up in a year. For example consider that Jack and Jane are friends. The difference between them is Jane spends time each day (about twenty …
Read more articles on Business Ideas and Entrepreneur.
Written by Marc on May 5th, 2007 with 1 comment
The average sale price of a home in Saskatoon jumps 10% in the past month. The average sale price for a home jumped from $200,938 CDN in March to $220,862 CDN in April.
This return brings the return on real estate in Saskatoon to an annualized 32%.
The price increase is mainly due to an increased demand of local buyers purchasing bigger houses, ex-Saskatchewan residents moving back to the province, and interest from investors in western Canada.
Asking price has increased 26% on FSBO (for sale by owner) website saskhouses.com. The average listing price for April 2007 was $243,343 CDN compared to April 2006 average of $192,853 CDN.
Note: The average sale price of a home is …
Read more articles on Saskatoon Real Estate.
Written by Marc on May 1st, 2007 with no comments
Whether you are from Canada or not, and you are looking into investing in real estate here, you need quality information in front of you. Perhaps you are not familiar with the housing prices in Saskatoon or how much a retirement condominium will cost you in Victoria.
Royal LePage is a great resource whether you are an investor or just looking for your next home. They publish a quarterly report about Canadian housing prices. This can be invaluable information that can help you decide what cities in Canada would fit in your price range for investment properties.
There is also some detail on the estimated property taxes as well as the monthly rental rate you could expect. They cover …
Read more articles on Real Estate Investing and Real Estate Resources.