Call: 1.604.275.2997 Email: ron@oakwyn.com
Real estate investment is one of the best investment options in the world due to its less volatile nature, predictable cash flow, high resistance to inflation, as well as, several advantages over other wealth instruments like bonds, stocks, and mutual funds.
If you are passionate about investing in real estate in Lochdale, then this article was curated with you in mind. We will cover the challenges of real estate investment, as well as the benefits of using a licensed realtor to walk you through the investment process. But before we dive deeper, let’s quickly highlight specific details about Lochdale, so you know what the area holds for you.
Lochdale is a small neighborhood near Burnaby Mountain. This neighborhood lies between Duthie Ave to the east and Kensington Ave to the west. It hosts a few parks, including Sperling and Sumas parks in the south, Halifax Park, Lochdale Park, and a host of other interesting parks where kids and parents can have a swell time.
Additionally, an outdoor swimming pool is strategically located across Kensington Avenue on a small hill. Cyclists are allowed to travel north to Burrard Inlet’s picturesque shores due to a bicycle overpass built in the mid-1990s. What’s more? Lochdale is mostly a single-family neighbourhood, except the Hastings area where there are low-income buildings.
Searching for a real estate investment opportunity in Lochdale can be a tall order, except you use a Lochdale realtor who understands the local terrain and can help you negotiate the best deals.
While the real estate industry is brimming with prospect and mouth-watery returns on investment, there are still some challenges that both new and experienced contend with. These problems, though insignificant, can scare new investors away from investing in real estate. Below are some of the challenges of real estate investment:
Investment in real estate requires in-depth knowledge of the market to make a profit
It can be time-consuming
Except you’re experienced, it may be difficult to quickly identify a good deal from a bad one
Real estate investment also requires insights and market intelligence
Other challenges are:
Interest Rates & the Economy
Disruptive Technology
Natural Disasters & Climate Change
Politics & Political Uncertainty
E-commerce & Logistics
Infrastructure
Housing Affordability
Generational Change/Demographics
Immigration
Energy & Water
A realtor, or real estate broker, is someone who has a license to help people buy/sell commercial, industrial, or residential properties. A realtor can help you find the best deals if you are looking to buy a new home. They can also help you navigate the tricky process of investing in the real estate sector. Below are other benefits of working with a realtor:
Realtors understand the local market inside out. These days home sellers list their properties for potentials to browse through. In this case, realtors will enable you to have better access to any home you intend to buy.
A licensed realtor can quickly detect problems with a potential home that you may not immediately notice. They review the evaluation process in detail and advise you accordingly whether or not to buy the property. For instance, if there are areas in the property that require renovation or expensive repair, a realtor can help you negotiate to lower the actual cost of the building.
No doubt, buying or selling a property comes with a large volume of paperwork. These documents may include written offer, repairs, seller’s affidavit, transfer tax declarations, affidavit of title, deed, and bill of sale, among others. Realtors can help you follow up with all of this paperwork and ensure everything is signed where appropriate.
Most realtors possess the skills to estimate the cost of property the moment they walk in the door. You can leverage their skills to look out for the best deals to save your money and time.
Wondering why you should choose Ron Parpara? I'm a licensed Lochdale real estate agent offering top-notch real estate services. If you need an experienced Lochdale realtor to work with that guarantees consistency, client care, and specialization, then I'm that partner you've been longing for. As a Lochdale realtor, I know the ins-and-outs of the Lochdale neighbourhood, as well as Burnaby, and can help you negotiate the best possible deal.
Whether you are looking for something unique like backyard landscape designs, customized pet bedrooms, elaborate vintage-style fireplaces, or open concept kitchens, I know exactly where to help you find it.
Feel free to reach out to me, and learn more about how I can help.
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About Ron
I'm in my 14th year as a Realtor® and have acquired an extensive knowledge of the rapidly changing Vancouver market and surrounding area. One thing which is critical is that I will be your main point of contact from start to finish. To find out more, please see my about page.
Our Partners
About Ron
I'm in my 14th year as a Realtor® and have acquired an extensive knowledge of the rapidly changing Vancouver market and surrounding area. One thing which is critical is that I will be your main point of contact from start to finish. To find out more, please see my about page.
Our Partners
