At the negotiating table, while bargaining, do not hang on to the upward price. The burden of interest you have to pay if you invested borrowed money might eat into your capital too, if the slump prolongs. To a business man the agent must convince him about the customer base, competition and nearest banks; likewise to a family about the low crime rate of the area, schools and parks. Moreover it will give you a comparative price of the neighborhood. Moreover brokers who hire the services of an agent look for applicants who possess maturity, good judgment and honesty. Failure to research thoroughly before investing is another problem. Being a real estate agent demands a lot of patience and being responsive. Investment in ghettoes and burglary ridden areas can hardly allow for correction too, for small investors. These brokers, in addition to brokering deals, also enter into contracts with sellers for selling off their property by making a down payment which obligates them to sell at higher than the contracted price. The quicker the deal is closed it is good. Unlike in stock and shares investment arena, you don’t have enough instruments in real estate to spread your risks and investment. A slight mistake in prediction or a change in the legislation concerning real estate property or tourism or industry sector has the potential to turn over the whole real estate economy on its head resulting in wiping out of your capital too. There are living examples in between us.* Moreover banks are willing to extend loans for the purchase of land

The New Brunswick Real Estate Association (NBREA) represents the 1,000+ real estate brokers and salespeople who are members of New Brunwick's 5 regional real estate boards:

• Northern New Brunswick Real Estate Board
• Saint John Real Estate Board
• Greater Moncton Real Estate Board
• Real Estate Board Of Fredericton Area
• Valley Real Estate Board

real estate new brunswick canada In Detail

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