Thursday, November 11, 2010
A gentleman recently asked me if real estate was still a good investment, and the answer surprised him. I believe he expected the usual bad market, bad times story. I think he was surprised to hear of my optimism, while much of what I said wasn't a glowing picture of the local real estate market it created a picture of reality. This is what I said...Take for example a couple has money set aside for retirement; they might have some of their investment in stocks, bonds, mutual funds, gold, certificates of deposit (cds) or setting in the bank. Many have taken the largest portion out of the stock market for fear of wild swings with little control or notice, so they are left with safe low return investments that hardly keep up with inflation. So, what about real estate... it has a few promising characteristics unique to this point in time.
1) There are great values in the market place “right now”
2) People must live somewhere, and homes are far more popular than apartments – making single-family residential homes “prime real estate”
3) Monthly Rentals create a Predictable Income stream
4) Predictable Expenses (ie taxes, insurance, routine maintenance, etc)
5) Reasonably Liquid, if the need arises to sell.
6) Easy to locate your investment, unlike trying to find your money when the Stock market drops 500 points.
7) Peace of Mind when using Property Management Services – someone else takes care of the day-to-day hassles for a nominal fee.
COMPARE IT THIS WAY:
Example 1: Suppose you have $100,000. setting in CD at a local bank, that investment while quite safe will earn about $600.00.
$100,000.00 = $600.00 (.06%)
Example 2: Suppose that same $100,000. purchased an under valued bank owned foreclosure that needs some minor work for $85,000. Then hire one of our licensed general contractors to make needed improvements to make an ideal rental property, spending $10,000. After closing costs, insurance, taxes, landscaping etc – you have spent $100,000. Next, place the property under our management program whereas we screen the tenant prospects, complete the paperwork, show the property, routinely check the property, collect rent, handle the complaints, and then mail you a check and statement monthly. That same investment would like something like this:
$100,000.00 = $7,500.00 (7.5% -- 12x the bank rate)
Needless to say, the numbers tell the story – finding a 7.5% Rate of Return in this market is much easier than you think. Many people have diversified their portfolios with Single Family Residential Rentals.
Utilizing our real estate services, general contracting service and property management services this not only possible – this is REAL Estate! Let us work for you – to make your investments make sense.
Monday, August 16, 2010
In this every changing Housing Market is it possible to sell your home in 30 days? The answer is yes, but are you willing to do what it takes? Home sellers must possess these 5 ingredients in order to make this happen.
MOTIVATED SELLER. The seller “must” want to sell and “be serious” about doing those things necessary in order attract a buyer. Prime wants often include: job transfers, contract on another home, two mortgage payments, etc.
PRICE AT MARKET VALUE. The temptation is to price a property above market value and offer room to come down, wrong strategy in a 30 day timetable. Be realistic about the “current” value, what a neighbor’s home sold for six months ago, or even a previously rejected offer – may not reflect what is happening now.
STAGE THE PROPERTY. Have the home looking “model home” ready at all times, this might include taking furniture out of the house that is occupied or adding some furniture to a home that is empty. Other Staging Tips include: repainting a room, cleaning or changing soiled/worn carpeting, clearing counter tops, removing personal pictures, etc.
NO MARKETING OBSTACLES. This would include owners who: do not want a sign, require 24 hour notice to show, have indoor pets, must be present when being shown, refuse to allow a lockbox, etc.
SELLER WHO IS WILLING TO PARTICIPATE IN THE SALES PROCESS. I am referring to a seller who will straighten a sign, replenish a brochure box, and talk the property up to friends and family members.
You combine these 5 Items with proper marketing from your agent, the result should be a sale within 30 days. It is important to note that good marketing without these is as ineffective as these items without proper marketing. Call me today to give you a free on-site evaluation of your home, and design a marketing strategy that works for you.
Friday, May 7, 2010
Friday, March 26, 2010
Early indications show this will be a fantastic opportunity to sell your items and turn them into cash. Likewise, no better time to purchase or up-grade your 'toys'. If your interested in selling (consigning) items contact me at 615-347-6175.
Tuesday, March 9, 2010
The Workshop will address:
- Top 5 Mistakes first-time buyers make
- How Negotiate to get the Best Price
- Steps to the Purchase Process
- Power of Being Pre-Approved
- Where to Search the Internet for Homes and Foreclosures
- How Get the $8,000. Tax Credit
- Best Financing Options including 0% Downpayment Loans
We will conclude with a Q & A Session with our panel of Industry Experts. This workshop last 1 1/2 hours and is Free/Open to the Public.
Workshop Location: 2550 Hwy 41-South, Greenbrier, TN
For more information or to schedule in advance your Free Credit Evaluation and Pre-Approval, contact me at 347-6175 or visit http://www.searcy-realty.com