A report on what buyers can do to make sure they get the best deal is being released on Thursday, and it may have more implications than it initially appears.
The report from real estate research company Real Capital Analytics finds that when it comes to making a sale, buyers should pay close attention to their local market, and also consider the location of the property.
According to the report, a buyer can expect to pay about 10 per cent more for a property located in a neighbourhood with higher median income and higher rents.
“The key is to find a home that you are comfortable with, that you want to live in, and that is accessible to the community,” said Ben McLeod, the co-founder and CEO of Real Capital.
For the top 10 cities, the report shows the median income was $78,100, while rents were $3,350, or 8.5 per cent higher than the median.
Rents are also up slightly in the lower income bracket.
If you live in a big city, McLeod said, you may not need to do much, but if you are just getting started, you could be spending upwards of $20,000 more per year than a person in a smaller town.
You can also expect to see a bigger boost in property values when the home is on the market, which could increase the amount of money you can save for a down payment.
McLeod said there is a risk in buying a property in an area where there is high unemployment, low wages and few jobs.
There are a number of ways to sell your home, but the most common is through an online auction.
Real Capital Analytics also has a tool that allows users to enter their details for a mortgage calculator.
Some experts say it’s not always wise to sell after you’ve completed your mortgage, and if you’re trying to save money on your first home purchase, you should also consider buying a bigger home.
But if you need to make a purchase, McLodney said the real estate market can change overnight, and you should be prepared to wait a few months to make the purchase.
In addition to buying a larger home, you can also use an appraisal to find the best price.
While a good appraisal is important, the main selling point of an appraisal is that it can show you the size of the home and property, McGlone said.
Even though an appraisal can help you make a better deal, it doesn’t always do the trick.
With the report’s release, McLeary said there are two things you should know before you start bidding on a home.
The first is that an appraisal won’t give you a full picture of what your property will cost.
To put it in perspective, if you were to take a mortgage for a new home, McLean said, the appraisal would estimate a price tag of $5 million.
But when it’s time to buy, it would be closer to $20 million.
“So when you have an appraisal, it’s really not really an accurate reflection of the value of your home,” McLeod added.
And while a better appraisal might give you an idea of what the home will cost, McLeod said it is still better to buy the home right away.
“It’s important to know how much you are willing to pay for the home before you buy,” he said.
“You have to know what you are buying before you make the final decision.”