The West Coast actor turned real estate guru says investors should concentrate more on what is happening in their backyard than what the mainstream media has to bemoan about the property market.
The RE/MAX agent says when he purchased his first property in Vancouver in 2000, the media then was also giving buyer pause for thought.
“Based on the media reports then, I was convinced I bought it for too much,” he says. “The same is happening now with all of the negative press with people unsure whether to buy or not.
“I do read all the news reports, but I concentrate more on what is happening in my own backyard and locality. You need to make your own decisions and not base decisions on general reports.”
Talbot is the keynote speaker at the upcoming Vancouver Investor Forum, October 5 and 6.
With all of his investment properties within the B.C. area, he will discuss the issues and opportunities of staying local.
“I have looked at other opportunities outside of BC, but feel more comfortable being able to drive past and tend to properties nearby," he says. "I am a firm believer in doing what is right for you and following your gut. It has always been my own belief to invest on my own doorstep.”
**Todd Talbot will also be featured in our October issues of Canadian Real Estate Wealth. And the clock is ticking for you to get your Early Bird pass to the Investor Forum Vancouver. Register by August 22, 2013 to SAVE 20%.
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