THINK LIKE AN INVESTOR AND SAVE MONEY

When buying a home you should be thinking more like an investor.

This may be the largest purchase of your life. All buyers should be thinking of return on investment and tax strategies.

Real estate can represent more than 60 per cent of your net worth on retirement and successful real estate investing (even if it is your first home) can offer greater financial freedom.

The biggest factor is Capital Gains - the difference between what you bought and eventually sold your property for. And you want to pay as little tax on that profit as possible. If is your primary residence the profit or capital gain made on your principal residence is tax-free.

It doesn't matter whether you are buying through a Calgary Realtor or a Calgary For Sale By Owner (FSBO) property think more like an investor and save your money.

Here is a great article for more info on this topic from the Realty Times