Are You Waiting for the Perfect Time to Invest in Real Estate?

Posted by on Tuesday, August 20th, 2013 at 9:01pm.

Some people spend a lifetime trying to get all their ducks in a row while other people just plunge in and try to keep swimming while keeping up with their mortgage payments. Both of these situations come with their own set of pros and cons and somewhere in between the two lies the answer to getting into home ownership.

Some people wait for the real estate market to be perfect so that they can buy low and sell high. With today's Canadian real estate and Calgary market, this scenario is going to be a lot harder to find that it used to be.

Real estate in this country continues to be a stable form of investment opportunity, and while the deals are certainly out there for savvy investors, most people that are just looking at their home as a form of investment opportunity will want to get into the market as soon as possible. Especially once they see that they'll be able to handle the mortgage payments without a sink or swim financial position happening.

The prices for real estate across Canada will likely see strong gains in the future and the likelihood of a strong decline is unlikely. Low interest rates continue to make home buying a wise decision for people that can afford to meet their monthly mortgage obligations.

While timing can be everything, it can also mean that you end up waiting too long to make a decision that should have been made earlier. When you start to plan for the future so much that it prevents you from living for the moment, you can run into trouble. The same goes for living only for today and neglecting your financial future.

It all comes down to finding the perfect balance so that you can get started with home ownership in the near future without getting distracted by trying to make sure that everything is absolutely perfect.

A lot of people put off having children until they are completely financially set up for them only to find out that they have missed the boat and waited too long. The same can happen when you're looking for a home and the only way to avoid it is to set minimum goals that don't require 100% of the ducks to be in order but rather, perhaps only 75% of them instead.

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