Cranbrook BC Real Estate

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Carla Sinclair

How to work your way up the Cranbrook Real Estate ladder to your dream home.

For most of us, this is our plan.  Start off small.  Usually that is all you can afford anyway!  With interest rates being so low (the lowest we have seen ever!!!!) it is much easier to get into the market at this time.  Your mortgage payment is going to be quite a bit lower than it would have been 2 years ago.  The Cranbrook Real Estate prices have also come down.  There has been a 8 to 10% decrease in property prices.  If you have to start out in a Cranbrook condo, townhouse, duplex, that is where you start.  You are building your equity by paying your mortgage.  The Cranbrook Real Estate market will rebound again and you make good money on your first real estate investment.  Take care of it.  Clean it.  Maintain it.  When you are ready.  Call a REALTOR, get a Market Evaluation.  A REALTOR can let you know what your expenses are and how much money you can expect to get for your home.  You sell it and buy another home that is a bit better.  Keep doing this again and again.  You will reach your goal.  You may be out of your comfort zone at some point in this process, but if you never do this, you will never own your own home you dream of.
Published Monday, November 23, 2009 12:31 PM by Carla Sinclair

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