INVESTING IN PROPERTY

Investing in property has proven over and over again to be the most lucrative and also the safest way to secure and grow your money. This is true for several reasons. The value of your property appreciates every year, giving you more equity and therefore more buying power. Finally, a consistent cash flow can be earned by having tenants, reducing your monthly payments and giving you extra cash to cover other expenses. Thousands of dollars increase in property value and cash flow gives you the freedom to invest more, exponentially increasing your wealth with each additional property!

Properties Investment Strategies

So what is your property investment strategy or strategies?

It is all very well saying it is easy to make money from property, but like anything you must know what you are doing. And as we are all different with different goals in life, we will all have different strategies when it comes to investing. Differing factors will include how much money you have initially to invest, what financial commitments you have, what age you are, whether you are looking to secure a pension, or give up work completely.

At the outset, the 3 main things you must ask yourself are:

How much risk are you willing to take?
What time scale are you working to?
How much time you will be able to give your property portfolio?

Let's consider some of the other factors that may affect your strategy:

Market cycles
Most people do realize they ought to invest and purchase a property - but do not always give real thought to market timing. This can be a major mistake. Like most investments, property markets can be cyclical - that is, although the value of property goes up consistently over the long term, it tends to go up and down along the way.

When looking for to invest, you must:

1. Consider the various locations suitable for investment and don't limit yourself,
2. Understand the market cycle and key investment factors of the various locations, i.e. an ideal location may have perhaps recently emerged from a downward recession and be poised for strong growth due to increased investment, job creation, and be aware of interest rates,
3. Within these key locations, determine which property types have low supply and high demand,
4. deal with only the most reputable companies when selecting individual properties, i.e. lawyers, agents, finders,
5. ensure you are paying a fair price. Always phone around a few estate agents in the area, before buying, say I am a prospective buyer in the area, and ask how much I should expect to pay for the type of property I am after. This can only take an hour but either confirms whether it is a good deal, or helps you walk away.

A diverse Property Strategy

Because a property markets in different locations are at different stages in the above cycle, the best place to invest now will likely be in a different location to the best place to invest in the future. But before you get in a panic about never knowing where to buy, what that means is, buying an investment property in one location that is poised for significant capital growth, and as that property grows in value, using the equity in that first property (either by re-mortgaging or selling) to purchase additional property - which would probably be in a different location. Over time, you can build a diverse property portfolio, which should protect you from local or even national cycle.

Why use a real estate agent?

1. Help you determine your buying power - that is, your financial reserves plus your borrowing capacity. If you give them some basic information about your available savings, income and current debt,he or she can refer you to lenders best qualified to help you. Most lenders - banks and mortgage companies - offer limited choices.

2. Has many resources to assist you in your home search.
Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

3. Assist you in the selection process by providing objective information about each property.
Real estate agents have access to a variety of information resources. They can provide local community information on utilies, zoning, schools and etc. There are 2 things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

4. Help you negotiate.
There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Help you in understanding different financing options and in identifying qualified lenders.

6. Guide you through the closing process and make sure everything flows together smoothly.

7. When selling your home, real estate agent can give you up-to-date information on what is happening in the market place and the price, financing, terms, and condition of competing properties.
These are key factors in getting your property sold at the best price, quickly and with minimum hassle.

8. Help close the sale of your home.
Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs and required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. They are the best person to objectively help you resolve these issues and move the transaction to closing (or settlement).

Company profile

Sarmir Marketing and Realty was established in 2007 and is one of the most assertive realty company in Miri which deals with property, renovation services and etc.

Our range of services consists of properties for rent and sale which includes residential homes, shop lots, development land and many more within Miri.

In this area, we offer a good selection of quality residential homes and apartments in prime areas and office spaces in Miri.

In addition, we also undertake all categories of renovation works, building improvement, building material and supply, realty management services, housing & building development and architectural planners and consultancy services.

Be it a requirement on property or any of the above mentioned field, feel free to contact us promptly. We have the expertise and resources to offer you the best of what you need.

Our sales executives are well-known for quick responses and turnaround time. Our agents are both dedicated and experienced. They are able to provide with the proper services you require and can also advice you on the alternatives available of the most reasonable prices. We also advise on marketing and budget, documentation and marketing services.

Our corporate clients range from individuals to multinational corporations.

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