Thursday, May 25, 2017

Warning: Do you want Your Home Sold Fast?



Sold!  SEE THE LAKE FROM THE STREET!!! Approx Gross Rent $3300 a month 2 houses on 1 parcel! Perfect for investors or first time home buyers. Beautiful side by side double with single home next to it. Each house/unit has 3 bedrooms 3 closets, and 1 bathroom. Interiors are updated and freshly painted, LARGE kitchens. Appliances all included. Beautiful hardwood floors on the first and second floor, plus newer carpet. Houses have private basements. 1 garage lot for storage and/or an auto per unit. NEW EFFICIENT FURNACES to keep you warm with lower energy bills. This house is located on a quaint NEWLY REPAVED street within walking distance to the lake, metro parks, marina, local shops, stores, restaurants, and bars. 1279 - 1281 Webb (Side by side) - Brand new roof in 2014, roof was a complete tear off with ice guard installed over the entire roof for added protection. Also, 1281 Webb bathroom was beautifully remodeled in 2015 with tile and granite. 1285 Webb (Single house) - New bathroom remodel in 2015, with large kitchen, currently has long term tenants . http://listingyourhomeonmls.com/

I sold this property in 16 days and had 4 buyers wanting it. This seller tried to sale this property on his own(FSBO) and ran into a terrible inspector that ruined his sale. Chris called me and I went over and got his property listed quickly.  We had a new home for him under contract and needed to get his property sold fast.

I traveled to Arizona on business shortly after I listed the property, and got a call from an investor that wanted to view the property. They were really interested along with three other potential buyers. Me and Chris met with each buyer and found the best fit for him and the new buyer. Chris made a great choice and the new owner was great to work with.

Fast Forward to today and we have the his property sold for $280,000 and he is going to close his dream home today. Congratulations to Chris and his daughters on their sale and new home!That is how you get real estate done!

Need your property SOLD! Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul 

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Wednesday, May 24, 2017

Real estate CEO: Record-low housing inventory is 'freaking us out'

This article comes from http://www.cnbc.com/ by Diana Olick that discuss the concern in the lack of inventory in this real estate market. I see it as an adjustment that needs to be implemented in forming a plan for this season of real estate.  Remember the last season of real estate and what you would have done if you knew what you know now.

""The inventory is reaching historic lows. It's never declined faster than it did last month. It's freaking us out — it's affecting our business; it's limiting our sales," said Glenn Kelman, CEO of Seattle-based Redfin, a real estate firm. "We're going to be fine in terms of market share, but I think the overall industry for the first time is seeing sales volume really limited by the inventory crunch."

That leads to more sales and higher rents with low vacancy rates. Real Estate has many different venues to look at when you are an investor or home buyer. The key is recognizing the trends and understanding how to make money in this low inventory market. Owner carry real estate is another great way to create wealth in this real estate market.

For example a lot of my buyers are looking at homes that need updates and buying them for less and adding their finishing touches to the home. 

"Homes in April sold the fastest since Redfin began tracking the market in 2010. The typical home went under contract in just 40 days, 10 days faster than April 2016. As a result, 1 in 4 homes sold above their list price, which is the highest percentage Redfin has recorded."

That spells equity in the very near future. I had a Realtor call me last night in Strongsville Ohio and wanted to know if I had any rehabbed homes that I was working on that her client could purchase? She knows that I do that and reached out to me because she needs a home for her client. That is the state of the real estate market right now.

" "Cranes fill the sky in every town, but they're building office buildings," he said, noting that while employment is going up, there's no commensurate increase in the number of houses. In fact, he added, when people do construct housing, they're opting to build apartment complexes because tight credit is keeping many would-be buyers out of the market. "There is so much demand in terms of rent that it doesn't make sense to build properties for sale.""

The Dodd-Frank act really effected home ownership for the middle class. I think that the new administration will work on that and get lending going again. Not like in the early 2000's but reasonable and letting home buyers back into this market. Lets face it you can buy a $70,000 vehicle in one day do the math.

If your looking into the future in real estate, then consider the areas where the population is growing and the housing stock is shrinking. When you looking at buying a home for yourself or as an investment call me, I'm Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul. I get Real Estate Done for my clients 1000+ and counting.  

 

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Tuesday, May 23, 2017

Phoenix Arizona Income Property

This is a 2 Bedroom 1.5 Bathroom condo that has a tenant at $650 a month to cheap.  They have 2 months left on their lease and the average rent in the area is $825-$850 a month. Great location and low maintenance. Lets look at the Approx Numbers

Offer          $95,000
Rehab        $  2,000

Total         $97,000

Rent_____$850
Tax_____$  21( Noa misprint)
HOA___$ 164
Ins_____$   40

Net Proceeds $625

Call Brett 602-363-6551 EXP Realty We have Property Management set up if you need it  


 


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Become a Real Estate Investor With 3 Easy Investments



This article comes from http://www.realtor.com/ by Cathie Ericson that talks about easy real estate investments.  I do not know how easy it is, but there is also a forth and fifth way to invest that this article missed.

"Becoming a real estate investor is much more feasible than most people think. There’s no question that real estate investing comes with risk, like any investment. But with risk can come reward, and real estate has that in spades."

Patents is what any real estate investor needs and I have issues with that sometimes myself. Prices of real estate almost always go back up from where they were. The key is finding the right real estate that fits your income needs. That sometimes can take some time.

""Real estate is one of the few investments where your upside is truly unlimited,” says Than Merrill, CEO of San Diego’s FortuneBuilders and CT Homes. “With the right property in the right location, you can make 15% to even 30% on your money.""

Investors have to remember to think about future equity to get the best returns on their real estate. For example when your looking at purchasing get a report on that areas recent trends and see how buyers are looking at that area. When real estate is down you want to look at the prices before they went down. Make sure the area is not being changed for some reason that might effect sale prices.

For example a prison being built close by, a Freeway close by being built, schools getting bad ratings, Check the crime rate etc etc. You get the idea of what you need to look for. Basically would you raise your kids in that area and fell safe doing it. Local Realtors have that at their fingertips usually

The story has the  Rentals, Flips and Real Estate Trust which most people know about for investing in real estate.

The forth is owner carry real estate. Basically you being the bank. Buy a home with 30%-50% equity position and selling it as owner financing. My company offers that if you would like more information you can call or click here to email me

The fifth any needs to do when buying a home. Create some equity when you buy a home to live in. Why people don't do this floors me. but it can be done. I have made over $200,000 in my properties that I have lived in and sold ( would have been way more if I hadn't been divorced a few times). When you are looking to buy a home get a good deal and remodel it. I am working with 3 clients right now that are doing that and they will reap the rewards.

Want help with locating great real estate? No middle man like wholesalers and real estate clubs that marks up properties before you even buy them? Who's interest do they have? Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul 

We get Real Estate Done

 

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Monday, May 22, 2017

Gallup: Real Estate is Best Long-Term Investment 4 Years Running



This report come from http://www.simplifyingthemarket.com/ by Tom Kaufmann that talks about real estate has taken the best long term investment for the last 4 years.

"For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below"

There is not anyone making more land unless you are near a volcano that is working. I have been buying and selling real estate since 1985 and have seen all the ups and downs in a lot of markets. I was purchasing condos in Mesa Az for $25,000-$40,000 in 1985 try and do that today? 2 Bedroom units are listed at $109,000 in that subdivision today. That is a nice increase in equity.  The cash flow on them were also very nice.

Buying real estate is not an exact science, but if you know where to buy your real estate you will be in good shape for the future in most cases. The key is where and when to purchase real estate.

"As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment."

Today's market will not be tomorrows market. The key difference today is lack of inventory and affordable new builds.  Go look at the new builds today, most are luxury and expensive. Getting real estate today in high demand affordable areas should increase in price over time.

We look at income real estate, and owner carry real estate for our clients. We also look at flips. Do not forget that when your looking for a property to move into, you want to have some equity going in call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

Sunday, May 21, 2017

Want An Easy Fix For Your Selling Your Home To Cheap Watch This!


Getting ready to sale your old dream home or investment home. Will a little TLC make your home more desirable? Make sale for more money? I can get you a great deal on a listing package that can also get your home ready to sale in today's hot market. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

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New Flat Fee Listing Service System



We are pleased to announce a brand new Flat Fee listing service for Northern Ohio and Arizona that makes your home be seen by a huge market. The system consist of every feature that any full priced listing service would have except open houses. 

You property will receive the attention it deserves and get it sold ASAP. Most of my listings sale in 32 days or less and most at full price. In today's market we can attract a lot of buyers with our cutting edge marketing program. We take all the phone calls and set your appointments for you. Just like full priced listings we also help you screen and negotiate with potential buyers.

The only thing missing is the amount of money you have to spend on commissions.  We have a nice easy flat fee that keeps more money in your pocket.  

Good news also we have purchased and Sold over 1000 properties and understand what you need to be successful in selling your home in this market. We also be able to take all buyers calls and show the home as well. 

So there you go all the services you expect from a full service agency excluding the open house. We offer the Flat Fee listing Service in Ohio and Arizona. 

Don't pay to much to get your home SOLD Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty

  

Warning: Do you want Your Home Sold Fast?

Sold!  SEE THE LAKE FROM THE STREET!!! Approx Gross Rent $3300 a month 2 houses on 1 parcel! Perfect for investors or first time ...