What is a Blue-Chip Property?
What is an essential thing to think about when buying a property?
Well, recently, I was talking with our buyer's agent Kel Gray about this exact subject, and his response was animated. Kel is passionate about getting brilliant results for clients that make their property buying journey as stress-free as possible.
People think they can somehow outsmart the market, interest rates, and even hotspots, but there's only one course of action if you are looking for a long-term investment.
Buy property whenever you have the money to buy.
Here are some things I say over and over again to clients:
"Blue-chip properties don't go down. They slow down."
and
"it's not timing the market. It's time in the market".
I'm not talking about property in random suburbs around the country. I'm talking Blue-Chip.
What key features make a Blue-chip property?
Parking
away from main roads
if an apartment, it must be in a smaller block.
in high demand
If you're unsure what the difference is between Blue-Chip investments and ordinary property investments, we need to talk. Click here, so you don't regret making a terrible decision.
Check out THE EXPATRIATE Blog. What should I look for when buying an Australian Property?
We'd like you to think about buying a Blue-Chip Property in this way:
If you think Blue-Chip property will continually rise in the LONG TERM (like it has in the past), it doesn't matter nearly as much as what you pay today. The most important thing you should be asking yourself is how much it will be worth in 10-20 years? Why is this so? Because they are desirable, in high demand, and essentially, it is an excellent place to live.
Kel's Top Tip
" If you're waiting for the market to bottom out, you're only going to know when it's too late to buy, and you've missed an opportunity to purchase a great deal."
Kel also advises you to get your finance ready.
" The most frustrating thing I see is clients missing out on cracking deals purely because their finance is not ready to make an unconditional offer. I can't send you the best deals if you are not ready to buy."
So to recap Kel's top tips:
1. Get your finance ready to make an unconditional offer
2. Don't try to "Time" the market - buy whenever you can afford
3. Buy in Blue-Chip locations
Chris Gray.
PS. If you are considering a property purchase, you'd be crazy not to have the best on your team. Kel has almost 20 years experience selling and buying real estate. If you want to discover whether the team at Your Empire is a good fit for you, click here and let's chat.
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