Tuesday, June 26, 2012

Real Estate Instructor Mark Porter Teaches CRS 206

WHAT a great chance for me to catch up on the continuing changing world of technologhy for the real estate business! Here in Pensacola, Florida, hoping the storms have moved away, and enjoying one of my favorite real estate instructors. If you are a real estate agent, and have a chance to attend any of Mark's classes, it is well worth it! I learned years ago, when attending one of many of his classes, that Mark and I share many things, including having learned plenty from Tony Robbins. Although Mark is one up on me, because he did in fact, "walk the hot coals". Mark Porter Rocks!! Learning plenty in order to better help my Montgomery, Alabama buyers and sellers

Wednesday, June 20, 2012

If I'd Only Bought

We've probably all said or at least thought "if I knew then, what I know now, I would have done things differently." We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 or gold in 2000 for $300.

Years from now, if we look back at 2012, it may be clear that this was the best buyer's market ever. The prices are down nationwide 35-40% from four years ago, mortgage rates have never been this low and rents are rising. Few homes have been built in recent years to keep up with a growing population. There may never be a better time to buy homes than now.

The housing affordability index which is considered to be good at 100 has increased to over 200 for several months. Shrinking inventories and rising prices in some markets are causing the index to fall for the first time in years.

This 'buying" opportunity applies equally to acquiring a home to live in or to rent as income property. It is estimated that about one-third of the homes purchased last year were done by investors. It is reasonable because the positive cash flows far exceed most other investment alternatives.

The question we're all faced with this year is whether we'll be saying we seized or missed an opportunity of a lifetime. Still sitting on the fence? Give me a call and let's discuss your options!

Sunday, June 3, 2012