Excerpts taken from Berge Aslanian, and his “Real Estate Trends” article with the Chamber of Commerce. Berge is a 7 year Re/Max Island Harbor Realtor, in Cape Coral.
Everyone knows that in a market with prices going down……..you tighten your financial belt and wait out the storm. Does that also mean that in an “up Trending” market the opposite is true? Perhaps Yes!
In December 2012 there were 202 Cape Coral homes sold, with an average sales price of $144,000. In February 2013 there were 231 Cape Coral homes sold with an average sales price of $155,000.
In December 2012 there were 21 Cape Coral condo’s sold with an average sales price of $100,500. In February 2013, there were 36 Cape Coral condo’s sold with an average sales price of $106,000. …continue →
Have you ever heard of a REIT? If your a real estate investor with income producing property your going to want to make a serious note of this. If your thinking of forming a small group for the purpose of buying income producing property, find out how a REIT can save you a ton of money.
REIT……Real Estate Investment Trust.
Under the U. S. Federal income tax law, the definition of a REIT, is any Corporation, Trust, Group Association, that acts as an investment agent involving income producing real property [or mortgages]. …continue →
When prices are going down in a market, savvy investor’s will always halt, pause and wait till there is certainty that the market has bottomed out. Cautious investors always follow this model when spending for profit.
Equally important is to use proper timing when the market shifts to prices going up. A very different set of criterial comes into play for investors trying to find good deals in that kind of a market.
I cant say enough about timing in a market where prices and values are on the rise. For the last several month’s we have had slow, but steady improvement in home and land value’s. Each month has shown improvements without any dips along the way. We look for that trend to continue well into 2013 and beyond. So with that trend line now about 11 month’s long, it is important that an investor realize more about timing. …continue →
Great breaking news out of Washington for the home buying investors.
The long standing FHA [Federal Housing Authority] rule forbidding “Flipping” within the first 90 days of home ownership has just been waived!
FHA has waived that requirement in an effort to stimulate sales of homes in a sluggish and persistently weak recovering housing market here in the U.S. By waiving this rule till 2014, FHA hopes to encourage investors to buy…rehab…and resell distressed properties. …continue →
Just released by the HUD [Housing and Urban Development]. They have just announced that its now cheaper to sell off FHA [Federal Housing Administration] mortgage loans to investors, than it is to complete the foreclosure process!
This news that HUD will sell off FHA mortgages in Florida, just came out of Washington a few days ago. Florida will now be the 2nd state to see this action. More surely will follow. Properties in California, Ohio, and Georgia are certainly the next to follow this action, says HUD’s chairman. …continue →