It’s the beginning of a new decade, and this post could not be more timely. Are you looking to purchase property this year? Do yourself a huge favor and read this article till the end.

2019 was a good year. By the close of the year, the property market hit rock bottom. It is a rule of thumb to buy at the lows and sell at the highs. The market for houses and the landed property is indeed at a low, and the demand is unprecedentedly high. The need is so high, and it trumps down supply. In conditions like this, sellers have the liberty to raise their prices above the roof. In essence, while prices are in reality, high, they are indeed low, as opposed to how much higher they will be. Sellers also like to prey on the desperation of intending buyers. This is a disaster only waiting to happen. With such conditions surrounding the market, buyers need the utmost precaution in purchasing, and ultimately avoiding landmines. Let’s walk you through.

1. Eliminate the competition

It’s not wise to go out to play when there’s an incoming stampede of mad reindeer. The point is it is more than likely that you don’t get the best value for your money when you buy in a market that is fueled by unhealthy competition. The one real way to eliminate the competition in the market is to buy off the market!

Off-market properties are those properties that are for sale but are not listed or advertised on the market like others. Different sellers have different motives, but that goes beyond the scope of this article. Regardless of their reasons, you have a rare opportunity to secure profitable deals when you buy off-market.

And here’s the million-dollar question: how do you know to buy off-market properties when they are not even advertised on any platforms?

2. Hire the best hands

You can only get access to off-market properties with a buyers agent that really knows his onions. (more…)

Many people want to become successful stock traders and build a business out of it. Trading is a very popular business module nowadays, and it is considered as a passive income to your bank account. Especially if you are trading stocks with dividends, you will earn some money in pre-defined time intervals without lifting a finger.

Successful trading business is not something that can be built overnight. It is a continuous process where you will learn the system through trial and error. It is essential to know that there is not any secret formula for success. You just need to improve your investing skills, which will allow you to manage your risk.

In this article, we will go through some of the basic rules that you should follow in order to become a successful trader.

1. You Should Always Use a Trading Plan

In order to create a successful business out of trading, you need a specific set of written rules that will dictate how you are going to invest money, exit strategy, and money management. Without a trading plan, you will be running around without any strategy for investing and without a strategy, there is no success.

With today’s technology, trading has never been easier. You are able to browse historical data, which will allow you to determine a yarding plan based on logic. Once you develop a trading plan, it is necessary that you stick to it. Any out of the ordinary will be investing with higher risk.

2. Use Technology in Your Advantage

We touched on this topic in the previous paragraph, but the importance of taking full advantage of technology is very important. Nowadays, you are able to access charting platforms that will you to set an infinite variety of methods for viewing, analyzing and investing. Backtesting an idea from the past rather than using cash can save you a lot of money, time, and frustration. (more…)

As we all know, stock investing is a trendy choice among people. It is a very entertaining process that it is easy to get sucked into, and at the same time make a lot of money through trading stocks. Even though we like to believe that it is like a fairy tale investing money and expecting significant returns, it is not quite like that in the real world.

Investing in stocks is a complicated process that needs to go through some steps in order to become profitable. That is where so many people make mistakes and end up losing money on investments. In this article, we will highlight some of the most common mistakes you should avoid in order to make sure your time and money pay off.

1. Lack of Patience

When we think about the stock market, we think about buying and selling stocks for a profit.

However, time management is one of the most important things when investing in stocks. You need to know when to buy your stocks for the lowest price and sell them when they’ve achieved their maximum. Unfortunately, people are often inpatient in buying and selling their stocks. This business model is all about patience.

You cannot expect to invest a lot of money and become a millionaire overnight. It must be slow, but a steady and disciplined process. Most mistakes come from making a decision too fast, so try to be patient even though the stock market might be tempting.

2. Not Understanding The Investment

Investing in something that you don’t understand is like playing with fire. When you don’t understand the business model, you will not have a clear idea if the company is doing great or going down. One of the best ways to minimize or avoid this is by building a diversified portfolio. This way, you will make your risk losing money from not understandable investment much lower. You should be extra cautious and make sure that you understand each company thoroughly before investing in their stocks. (more…)

By Stacy Richards

If you have just completed construction of your house, a home inspection can help you identify any defects before you move in. While in the old home inspections are done to identify the extent of wear and tear, newly constructed homes are inspected to ensure they have been built well. During an inspection, old homes are checked for roof conditions, mold, and termites. This is not the case for newly constructed homes. Ideally, new constructions should be defect-free because they have never been used before.

But this assumption is far from the truth. Newly constructed houses have defects too and inspecting them helps with the identification of errors that have occurred in the building process. Fixing these issues early is the key to preventing long-term problems. There are three phases of inspection that new constructions should undergo. These are:

1. Pre-dry wall inspections

This is the first phase of inspection. This inspection is done once foundation components have been installed in the house. These include the floor, wall and roof, as well as windows and exterior doors. Also, plumbing, electrical and rough-in components must be in place before the inspection. Ordinarily, the inspection takes 60-90 minutes to complete and prepare a report.

2. Final inspection

This is the second phase of inspection and it’s done after building the home is complete. It is the most important type of inspection.

3. One year warranty inspection

This inspection is done before the warrant expires. Most people who do this inspection are those who fail to inspect their homes before moving in. Once they begin experiencing many problems than they expected, they decide to conduct an inspection to find out what else they may have missed out. After the inspection, the construction firm fixes the issues. This inspection is most beneficial when it is done to find out the condition of the house after one year of living in it.

Usually, the purpose is to find out whether there are issues that may have arisen after the final inspection. A one-year warranty inspection is often conducted on the 11th month after one has moved into the new house. Doing it at the expense of the final inspection is costly and time- consuming.

So, Why Should you Inspect your Newly Constructed Building?

Inspection of a newly constructed is important because it enables you to get a YBI Sunshine Coast licensed home inspection early before you move into your new home. Here are more reasons why your new home needs inspection: (more…)