Today’s client came to us looking to invest by buying a house in an up-and-coming developing area, rent it out, and forget about it for the next few years until it’s ready to cash in.
Being interested in opportunities in the area, we showed her areas in Surrey, in Langley, in Cloverdale. But because of the booming market at the moment, it’s difficult to buy property without being in a multiple offer situation.
She made her criteria for buying very clear. Her intentions with buying property were to invest, so she wasn’t interested in overpaying any amount and nor was she in any rush.
So we started to think outside the box.
We did our research into the areas where would have the most potential for investments, and started showing her different acreages.
One by one we opened up our range from Surrey, to Abbotsford, and finally to Mission.
According to their Official Community Plan, Mission currently has big projects in the works. The renowned local development group Polygon having just purchased 1300 acres worth of land in mission as a part of their expansion design with the city of Mission.
We found our clients a 5.4 acre lot with a house, and with the most gorgeous view of Mount. Baker, right by the Fraser River. The house was already being rented out, which was perfect, and all the properties behind her lot were part of the 1300 acres that were recently bought by Polygon.
We found her all this, and got it for her for $250 000 below their asking price.
As your realtor, there’s a lot that we can do, but we cannot change the market. What we can do is offer a solution around the circumstance.
Contact us today and find out where your right investment belongs!