April and May have been great!

Phew, what a month! In the last four weeks I have accepted offers on five properties, all of which are now unconditional, plus a back-up offer on another property, which is why I haven’t been updating my blog as much as I would have liked. It seems as if my buyers are listening to my advice and getting a great deal while the opportunity presents itself. I have been very clear with all of them that real estate investing right now is a long term strategy, but one that can really pay off in the long-term. I’m very happy for them, because I think it’s a very smart move.

I know there are naysayers out there who will dispute this fact, citing a whole list of ‘experts’ whose job it is to spread the culture of fear pervading the airwaves at present, but I can see that the smart money agrees with me and, as usual, they will be the ones to make more even money in the long run. Risk is not a bad thing, it drives profit, and all investments worth their salt carry risk. Some people are made to withstand the ravages of risk, others are not. It’s always easier to convince yourself to be safe than to take that bold step into dangerous waters, but where is the gain? I’m not talking about recklessness, that is something quite different, but considered risk taking can change lives and very often for the better.

So what am I saying here? It’s my job to assess my clients, to determine their risk-worthiness as well as qualifying them financially. I’m not in the business of talking people into behaviours that don’t fit their personalities, abilities and financial health, but I am frank with those who I feel have the ability to weather the storm and come through it better than they were before. Real Estate is a cyclical market and we are in a trough right now, but I believe we are either already at the bottom or very close of this trough and after that the only way is up.

The attached image is of a snapshot of the Pender Market over a nine day period showing four of my new sales this month (in yellow). Look at how active this market is on a small island that has only 3000 residents. Things are happening, and the opportunities are there to Get a great deal, Buy, and Hold!