Should you invest in Vancouver real estate?

Real estate investments (REIT)require a lot of money, skills and even more professional knowledge to stay in the business and make some money. For those who are always looking for ways to make investing and working in realty easier, crowd funding and REIT have been a new opening. They allow average Vancouver realtors to make big money.

Real Estate Investment Trust

A real estate investment fund or REIT is a very basic concept where more than two people come together to invest in real estate. Vancouver is a great place to look into this fund, honestly a lot of the owners of Port Moody real estate uses this. This sector, unlike other sectors can require thousands of dollars of investment. You may have all the expertise required for real estate deals but may not have enough capital. Or on the other end of the spectrum, you may have the financial support that is required for an investment as huge as real estate but do not have enough industry knowledge to make any decisions yourself.

So one person takes responsibility of your and other partner’s funds and decides to invest it in properties that seem to be appreciating quickly. This way you are investing in and getting benefits of premium properties that you would not have been able to access without monetary support from other members. This means more money for you in a lesser time.

The Criticism

Most people believe that REIT seems flawless on the fore but as you dig deeper, you realize it has its shortcomings. First of all the fund, managers who invest your money in the establishments of their choice ask for a huge fee. It does not matter if your investment does well or not, they will still charge you.

The second shortfall is the fact that you as an investor have very little control over where your money will be used. You cannot choose the property that you want to put your money in.

The Solution

Experts say it is better to either stick to the investments you can make with the knowledge you have or participate in crowd funding. Crowd funding is being hailed as a new concept where a lot of people raise small amounts of money individually to invest in a larger venture.

It is considered better than REIT as there are no fund managers here charging exorbitant fee. Also everyone’s money is equally at stake. Crowd funding also allows you to choose the properties you want to invest in.

Like every other business today, crowd funding too utilizes social media for reaching out.

Tips to Reassuring Real Estate Buyers

How will the neighbours be? How will be the neighbourhood in Port Moody real estate? Will they be ugly or friendly? Such are the questions which your customer would never state in front of you, but you will have to understand the mind while being the smart real estate agent. It’s obviously human psychology, and until and unless you find the key to unlock that lock, you are stuck this side. This is all important for investing in real estate.

Therefore you must take initiatives to put away that uncertainty and fear from their mind, and make them feel assured that with this deal they will be entering one of the warmest neighborhoods too, and it will be fun staying here for years to come! And trust it, this will be one of the smartest moves of marketing for real estate agents.

How to do that?

Definitely you will not be travelling from one house to another with you prospective buyer by your side to introduce them to the neighbors. That’s a bad idea. Rather the smart idea is to call the whole neighborhood to you. Well there are again various ideas to do that.

You may declare that your prospective customer wants to throw a party and get ideas about decorating the house or blah blah blah, and many will respond to it. People love free meals and love giving their expensive ideas at any available chance they get. Hence the chances of the party getting successful are high.

Another way you can plan it is by keeping a garage sale at the property where you sell off some old items, and in this chance you also put a small snacks party to help your buyer exchange words with the locals and mix with the neighboring people.

There are many such ways, and the main motto should be to make your prospective buyer comfortable with the locals and the neighbors. That is how you can ascertain comfort in future to the buyer, and once this key is unlocked you are at the opposite side where your satisfied and contended customer may seal the deal!

Make smart moves

You don’t have to have years of experience in real estate dealing to be smart. You can be smart at your first deal too. Hence being the smart agent, you should talk to the customer with high confidence and comfortable expressions. Your confidence in the neighborhood accompanied with the efforts to bring on them as close to the buyer as possible will convince the buyer for your honest efforts. Trying these smart marketing for real estate agents will show you results in just a few attempts.