Businesses know plenty of tricks to make customers spend. Regular days turn into sale days when appropriately marketed. Sometimes, you might even notice businesses competing against each other on commercialized holidays. They all rely on the limited-time offers to get people to open their wallets.
It’s one thing to avoid these holiday traps when you’re a consumer. When you’re an investor, however, these are some of the best times to invest.
Open Houses
Timing is essential when you’re investing in real estate. It wouldn’t be wise to buy when the prices are high or when there is low demand for rental properties or commercial spaces. For property investors in Fort Collins, open houses are one of the best sources of property investments. You cannot start investing in prime real estate if you don’t know where they are, which makes it vital that you’re in constant communication with an agent or a real estate company. Even without the help of a real estate agent, you can still look for open houses near the area and see how the options are doing. Even the kind of people you see going to open houses can give you an idea of what types of customers to target for the properties you have already invested in. There is a lot that goes into the staging of properties, but if you don’t do it properly, it may make the houses harder to sell, extending their stay on the market.
Jewelry Auctions
Jewelry is another investment you can consider if you want something wearable and will not decrease in value over the years. However, the prices of jewelry pieces can already be high enough that it cuts through the profit you want to earn from them in the future. One way to get them for a more forgiving price is to look at jewelry auctions and sales from pawnshops. These items have been pawned or sold to the shop, which means the items have already been appraised. You know they are worth something, and for a discounted price, you can get them and resell them in the future.
Estate Sales
Investing comes in many shapes and forms–some of them come in suitcases. A typical estate sale happens after a person has passed away and their belongings are up for grabs. You can chance upon vintage finds for a meager price. Some estate sales may even include collectibles and rare finds. The key is to be meticulous in your purchase, especially if you’re going to bid on the price of each suitcase. If other people know someone’s interested in a particular bag, they might assume there’s something valuable in it, and they will want their hands on it. This jacks up the price, so learn to master your poker face and dress smartly before finding estate sales.
No matter what you want to invest in, there’s a good time to buy investment pieces. You want the biggest difference between what it cost you to buy them and what they cost when you sell them. To maximize this difference and earn big profits, think before you decide.
