THERE HAS NEVER BEEN A BETTER TIME TO INVEST IN REAL ESTATE!
What are you waiting for? Wake up to the possibility of investing now. Are you waiting for things to change before investing in Real Estate? Well, I am here to tell you that this is your time. In the United States of America, the stock market is on fire, and the real estate market is low on stocks as a result of the market over performing 2019/2020 sales. The end results in both cases, in spite of the COVID 19 pandemic, prices are rising. Luxury homes surprisingly continue to be in demand. That is the story in the U.S.A.
Unfortunately, for us in St. Lucia, the story related to real estate is not the same as it relates to prices which in most cases are in decline. The principle of buying low and selling high can now be also applied to real estate on this island State. Equity can be gained immediately in most transactions.
Everyone is not broke; many people, apart from their hefty bank accounts and other investments are making more money during these challenging times than ever before; employees are working whether at office or factory, or at home, receiving regular level of income. There is no gainsaying that in spite of the opportunities for investing profitably in real estate, there are many home owners who are running scared, thinking about the possibility in not meeting their mortgage payments due to the fact that their take home earnings are substantially reduced or they lost their jobs.
Those who can do it, just do it. Keep it simple. Investing in real estate can be straight forward and hassle free if you plan your steps to investing. Whether you are a first time buyer or a seasoned developer, this is your time.
In spite of all it challenges, St. Lucia always bounces back better. Moving forward my advice to you is to establish a relationship with a Real Estate Agent, and tell him/her your needs. Be specific. Many first time property investors will need to kick off their investment in the sector by purchasing land to build their dream property. If that is what you wish to do, let your preference be known to your Real Estate Agent. Decide on a location, advise on a Budget, and let the Agent know how you propose to finance the purchase. You are at liberty to discuss your needs with other Agents, especially if you are seeking to deal with the matter expeditiously. However, do not rush at any time to make investment decisions. Gather as much information on the subject so that you can make informed decisions
In recent weeks, there has been a lot of new property listings placed on the market in Saint Lucia. Do not be turned away by the asking prices, even thought when compared with other properties in the vicinity may appear on the high side, but there are reasons for everything. In real estate a LOT is not simply a LOT, it is the actual location of the property. It is about views and other characteristics for which the Seller may demand a premium for the special features. Be a top of the mind client for your Real Estate Agent and the best deals will come your way. There are properties that will never be advertised because there is someone waiting to grab it.
Whether you are seeking to invest in residential or investment property you will need advice from competent professionals, especially an Attorney at law.
Happy Investing; stay safe!
