How can we evaluate a condo's resale and rental potential before we buy?
In this installment of Ask Gerald, real estate expert and best-selling author, Gerald Lucas answers a question about evaluating a condo's potential resale value before you buy it
Real Estate Tip:
Get a thorough home inspection before you buy real estate and get one before you pay for an appraisal just in case the inspection reveals something so major you decide against buying the property.
Real Estate Insights:
Why We Fall in Love—With Houses [View Article]: It is often said that people make buying decisions with emotion and then justify them with logic. This is especially true for home purchases. This unfortunate tendency can be particularly destructive if you fall in love with a property that is intended strictly for investment and end up overpaying for it. Emotions must be held in check, and subdued with cold, calculated, logic when you are making buying decisions on investment property.