Real Estate
Wednesday, December 03, 2008
Saturday, November 22, 2008
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Real estate opportunities 'are still available'
However, due to a stagnant market, developers must be willing to adapt
Carla Wilson, Times Colonist
Published: Thursday, November 20, 2008Today's real-estate market is stagnant, but there opportunities exist for developers willing to adapt, a Vancouver researcher and consultant told Victoria-area developers yesterday.
"One of the greatest reasons why it's stagnant is because buyers are not able to make decisions right now," Jennifer Podmore Russell, founder of MPC Intelligence Inc., told an audience of about 110 at an Urban Development Institute event.
Along with other markets in Canada, Greater Victoria has seen house sales numbers drop amid the global economic upheaval. Several major projects have been put on hold.
Thursday, May 10, 2007
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Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days.
Paula and Bill Schmidt of Georgia didn't set out to make money investing in real estate, but when their nonprofit ministry fell on hard times, you could say divine intervention took over. It just so happens that around the time money was getting tight, Paula saw a television program featuring a man named Carleton Sheets that changed everything.
With no money and a family to support, Sheets became a full time real estate investor in 1970, using what are now known as creative financing techniques. With partners or individually, Sheets has bought and sold more than 20 million dollars worth of income-producing real estate since then, and has personally lectured to more than 500,000 people on the subject of creative real estate investment.
After seeing his show, Paula Schmidt signed up for the Carleton Sheets No Down Payment Real Estate Program and before she knew it, she and her husband were making a lot of money. Their first property was some land in the mountains which the owner financed. They originally intended to build a home on the property. Instead, the piece of land came in handy when they purchased their second property, a house in foreclosure, for $25,000.
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Wednesday, February 21, 2007
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Real estate market still hot
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$500 million in transactions in year
By Sylvia Schon
Daily Star Staff Writer
The desperation buying after Hurricane Katrina in 2005 is over, but the real estate market in Tangipahoa Parish still sizzles.
More than $500 million in real estate transactions were recorded in 2006 for the parish and a small part of eastern Livingston Parish.
A total of 1,296 building permits for single-family homes for the rural areas were issued in the parish last year, more than double the year before and each of the years before that.
More than 7,000 single-family home lots are proposed for sale at present, according to Tangipahoa Parish President Gordon Burgess. He projects it will take five to seven years for all the lots to be developed and the homes built because there are just so many builders and so much material to go around.
And new permits are being sought all the time.
“We don't know how many new homes we will have in construction, but the permits are over 1,000. That would probably say our growth rate is better than 50 percent. That would be logical,” Burgess said. “�It's a good position to be in to have this growth, but the number one concern of the people in Tangipahoa Parish is growth. We need to address our infrastructure. The storm just kind of took us by surprise.”
Prices have leveled out a little since the spike right after the storm, but they are still higher than before, according to Pat Tucker of Century 21.
So much so that investor Lee Collins of Hammond said she's not buying right now.
Wednesday, March 08, 2006
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Buy the Best House in the Market
Buying a house marks a new beginning. How do you know that you’re getting your dream house and not straining your credit limit?
Get yourself a “pre-approved” certificate from a lender. This certificate gives the seller the assurance that you have enough money to buy their property. Securing a Pre-Approved certificate would range from a few days to a few weeks depending on the status if the request. But it’s worth the trouble of waiting. It increases the chances of you getting the best deal in the market.
Selling up a property if you have one before acquiring a new one would also help. It is because paying for the property upfront could get you into a great deal of getting a discount. It is because some property owners think of either letting a prospective buyer who would buy the property at once or waiting for a buyer to sell his present property before buying the new one. And in most cases, the seller would not pass up on the chance on having their property bought up at once.
Know what you want. It is always knowing what you wanted matters. Sticking to these is the key of successfully acquiring your dream house. Upon seeing different houses, you will see a whole new picture of everything. But do you want these in the first place? At the on set, you may seem enamored by the beautifully manicured lawns of a certain estate but attached to it is a responsibility of maintenance. More so if you’re not really into gardening. It would only cost you more to pay for someone to look after it or suffer the sight of drying lawn. Stick to the basics and what you really have planned on buying.
Don’t be misled by advertisements. Advertisements only contain positive things about a property. That is why it’s called an advertisement. Many things are left out in putting up an ad. It would not say that crime rates have been high recently or the neighborhood is plagued by gangsters. Check out the house itself. Does it suit your needs? Is it well ventilated? Is the house well-built? It would be your haven for a number of years so be sure that the house would be comfortable to the occupant.
Consider the resale value of the estate. Things change. Most likely there will come a time that you will have to sell your home. Know how long it will take to sell the estate for the future. Knowing how long the “for sale” sign has been sitting by the front yard would give you enough knowledge about the market pacing.
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