When is The Right Time To Invest In Property?

Timing is everything. Whether you’re talking about making your entrance on the stage or simply biting into a piece of fruit, the time at which you choose to do anything greatly impacts the outcome. This is especially true in property investment, an area where fortunes can be made and lost all because of timing. It is this fact that causes so many potential investors to put so much thought and research into ‘the right time’. Should you wait until you have substantial savings, and have equity in your own home first, or should you put your money directly into an investment property and rent for a while? Should you sell now and buy later, or buy now and sell later? Is this even an option? There are so many questions around the right time to invest in property that we’ve put together a guide to help you decide if the time is right for you.

Personal Circumstance

Regardless of what the market is doing, the decision of when to invest needs to be primarily based on your personal circumstances. It is all very well to identify a strong time for buyers in the market, but if your circumstances won’t allow you to stretch that far, there’s really no point in going forward. What you should be doing, even if you are not in a position to invest just yet, is watching the market for patterns. Learning as much as you can about market trends, statistical fluctuations and what constitutes a good investment will serve you well when the time comes to actually make the move, and there’s no need to consider time spent saving as wasted time–instead, consider it preparation.

Industry Experts

Another valuable resource that can help you make investment decisions is talking to people in the industry. Experts in the field such as mortgage brokers, accountants, real estate agents and investment advisers can all steer you in the right direction when it comes to parting with that hard-earned cash. Remember to get more than one opinion–everyone does have their own agenda after all—and use their knowledge to make an informed decision.

Be Patient…But Not Hesitant

Patience is your friend when it comes to investing. Don’t let money burn a hole in your pocket, forcing you to jump into a financial decision you’re not comfortable with. Instead, be prepared to wait until better investment conditions come along. At the same time, while patience is a virtue, don’t become confused between patience and hesitation…when something worthwhile comes along, don’t use the excuse that ‘something better might come along’ as a way out of making the commitment. The balancing act between patience and hesitation is one of the keys to success when buying an investment property.

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