Monthly Archives: January 2014

Want To Make Money Investing In Real Estate? Try These Ideas! | Armonk NY Real Estate

The modern economy has a lot of individuals curious about making money from real estate. The sad truth is that most people have no clue about where to get started. If you’ve been wondering what you can do to invest in the real estate market the right way, you should know a couple of things first. Continue on to discover more.

You must develop a good feel for local property values. The cost of mortgages and rent in the neighborhood is a better indicator than financial statements when providing a picture of the house value. If you view the property from a basic level, you can better make the right decision.

Learn from like-minded people. Lots of people want to get involved in real estate investments. There are many groups focusing solely on real estate investing. Or you can also find many online as well. Join these groups and learn all that you can.

Invest as much time in learning the business as you do working the business. This means you might need to quit some of your hobbies so that you can just concentrate on this for a while. Let go of some of your recreational time and invest it in your property.

Find your comfort zone and stick with it. You can have much more success at real estate investing if you stay focused within your market niche. It doesn’t matter if you’re flipping properties of building them from the ground up; you should master what you’re doing.

As an investor, you have to think realistically about how you are going to divide up your available time. Problems with tenants can waste a lot of time. Get a management company to do the dirty work for you.

Not all property values rise. It’s dangerous to think this for the market or for a single piece of property. The safest thing to do would be to invest in real estate that will net you profits right away. If the property value increases, that will be an added benefit.

When determining a potential investment property, try choosing one that will appreciate. A lot by water or right in a business district, for example, will most likely mean more to you in the future. Consider the long-term costs and think about the possibilities.

Real Estate

Learn all you can about real estate investments prior to spending any money buying properties. You are playing with large amounts of money, and mistakes can cause you a huge setback. Get someone to train you on the real estate market before you jump in.

Make sure that you do a background check on your tenants, you can preform an online background check on www.crbdirect.org.uk. The person should pay the rent for the first month and a deposit without a problem. If they cannot come up with the money, they are likely to have problems paying rent too. You must then seek out a different person for the rental agreement.

Consider rental values as you determine how much any given property is worth. In the right area, you can earn thousands of dollars a year in rental income. Eventually, you can sell the property for even more money overall.

Exercise plenty of patience in the beginning. Getting the first deal done can take longer than expected. Maybe the market conditions are not good, or the purchase terms are not favorable. Do not start to worry prematurely or rush into poor decisions. It’s really a bad move for your money. Bide your time until an outstanding opportunity arises.

http://www.athomerealestate.co/2014/01/want-to-make-money-investing-in-real-estate-try-these-ideas/

Stagnation hit the Phoenix-area housing market | Waccabuc Real Estate

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A new report from the W. P. Carey School of Business at Arizona State University shows stagnation hit the Phoenix-area housing market as 2013 came close to an end. Phoenix-area home prices have been going up since they hit a low point in September 2011, but the increases have slowed down in recent months.

The latest data for Maricopa and Pinal counties, as of November, reveals:

• Price gains continuing to slow, even though the median single-family-home price went up 23 percent from November 2012 to November 2013.

• Sales activity down 27 percent at the same time.

• Investor interest and construction permits also falling off.

The median single-family-home price went up 23 percent from November 2012 to this past November – from $162,500 to $200,000. Realtors will note the average price per square foot rose about 18 percent. The median townhouse/condo price went up about 20 percent, to $119,900.

http://www.arizonadailyindependent.com/2014/01/13/stagnation-hit-the-phoenix-area-housing-market/

Turnover of real estate market in Azerbaijan grew by 38.6% and exceeded AZN 3.495 bn in 2013 | Katonah NY Homes

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Baku, Fineko/abc.az. The Central Bank of Azerbaijan reports that turnover of the country’s residential property market for the first 11 months of 2013 increased by 38.6% against the same term of 2012. In 2012 the index grew by 24.86% against 2011.

According to the CBA, turnover of residential property (the cash flow of notary’s offices) reached AZN 3.495 bn by 1 December 2013 versus AZN 2.52 bn a year earlier.

At the same time transfers to notary’s offices accounts for purchase/sale of residential real estate by individuals totaled AZN 1.548 bn for Jan-Nov 2013 versus AZN 1.1 bn a year earlier (+40.45%), and the withdrawals from these accounts AZN 1.947 bn versus AZN 1.419 bn (+37.22%).

At that, the CBA reports of a rise in revenues of mediators (banks, notary’s offices and realtors) for residential real estate transactions by 25.99% for Jan-Nov of 2013. As of 1 December 2013 mediators’ earnings were AZN 399.119 million versus AZN 316.795 million a year earlier.

Last year’s turnover of residential property totaled AZN 2.828 bn versus AZN 2.265 bn in 2011. At that, transfers to notary’s offices accounts for purchase/sale of residential real estate by individuals totaled AZN 1.599 bn versus AZN 1.2 bn a year earlier (+31.81%), and the withdrawals from these accounts AZN 1.228 bn versus AZN 1.05 bn (+16.84%). Last year mediators’ earnings grew 2.29-fold up to AZN 371.307 million versus AZN 162.3 million a year earlier.

http://abc.az/eng/news/main/78660.html

Situation on housing market in 2014 will depend on the state | Bedford Hills NY Homes

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The real estate market of Ukraine in 2014 will be largely influenced by the state, according to experts polled by Interfax-Ukraine.

“One of the threats to the property market is the draft law initiated by Omelchenko [bill No. 3757-1 of Regions Party MP Valeriy Omelchenko], which foresees the introduction of a 15-17% tax on the sale and purchase of real estate: if it is adopted – it worth expecting the total collapse of the market,” the vice president of the Association of Professional Property Managers, Anatoliy Topal, said.

Another threatening factor for the primary housing market, according to him, is a high increase in the price of construction materials.

According to the head of the Union of Realtors of Ukraine, Oleksiy Rubanov, the main risk to the real estate market development is a lack of liquidity of households.

“As for prices, activity, the situation in 2014 will slightly differ from 2013. Depressive mood will be observed on the market in 2014 and in 2015,” he said.

In addition, the experts noted a peculiar record set by the real estate market in the past year: the number of transactions on the primary market during this period exceeded the number of deals on the secondary housing market.

“People, who are able to buy, prefer to buy housing on the primary market due to the fact that developers offer loyalty programs, installment payments, favorable loans, interesting price offers,” said Rubanov.

http://en.interfax.com.ua/news/economic/185509.html

Real estate market sees gains statewide in 2013 | Bedford Corners NY Homes

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It isn’t just the Pittsburgh region seeing a strong real estate market: A real estate group said all of Pennsylvania saw gains in key indicators in 2013.

Home sales throughout Pennsylvania were up 11 percent in 2013 compared to the previous year, according to a report released Monday by the Pennsylvania Association of Realtors. There were 140,165 closed sales in Pennsylvania during 2013.

Median home sales prices rose and days on the market declined. The median home sale price was $169,900, up 3 percent from 2012. The average home was on the market for 86 days in 2013, down 12 percent from a year ago.

“Statewide we’ve seen a continued upward trend in the housing market in the last year. While local markets vary based on a number of issues, overall, we believe the market conditions are progressing favorably,” Pennsylvania Association of Realtors President Kim Skumanick said in a prepared statement. “We expect to see these trends continue into 2014 and we’re optimistic that we’ll continue to see a robust housing market throughout the commonwealth.”

http://www.bizjournals.com/pittsburgh/news/2014/01/13/real-estate-market-sees-gains.html

The Google Bus Protests Are Really About Bay Area Home Prices | Cross River NY Homes

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So I haven’t been following this very closely, but I’m catching up on the Google bus controversy in the Bay Area.

From what I’ve gathered, a growing number of Silicon Valley workers, from Google and other companies, are finding themselves in San Francisco, some 40 miles from San Jose, Palo Alto, Sunnyvale, Cupertino, Mountain View and the other towns that make up the high-tech hub.

Workers are moving to the City By The Bay presumably because they’re drawn to the city’s attractiveness, amenities and dynamism, which the Valley apparently lacks (never been there, so this is totally impressionistic).
In response to this shift, Google and others are orchestrating private buses to transport workers from the City to the Valley, and paying the City of San Francisco good money to use its bus stops. This has prompted protests from SF residents decrying the impact of the Valley workers on affordable housing and in altering the character of the city.

Australia Housing Report Revives Bubble Fears | Katonah Homes

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Australia’s latest housing data, while promising on the surface, has increased concern the market may be overheating, posing a potential threat to a still fragile economic recovery.

A government report Monday showed the value of home loans approved in Australia rose 1.1% in November from October and 15% from a year earlier, confirming that record-low interest rates are continuing to fuel demand for houses and apartments.

However, the data also highlighted two trends that policy makers will be less thrilled about.

First, the rise in the value of mortgages approved continues to be driven by people looking to invest in property, rather than those seeking to move into houses or apartments. Second, first-home buyers are increasingly being frozen out of a market in which house prices have hit record highs in some large cities.

“While owner-occupier demand is intensifying, investor demand is surging well ahead,” said Janu Chan, a Sydney-based economist at St. George Bank in a note to clients, pointing out that investor loans for housing exceeded 30% in November.

http://online.wsj.com/news/articles/SB10001424052702303819704579317782145387774?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303819704579317782145387774.html