REALTOR® Magazine-Daily News-Renting May Soon Get Pricier

Good news for investors on rentals rates going up. It really works for a lot of people to own an invstment property. Renters should also be looking at this. They could probably save a lot more money than they think by buying a home.

REALTOR® Magazine-Daily News-Renting May Soon Get Pricier

Denver-area rental-home vacancies at all-time low

Denver-area rental-home vacancies at all-time low

Some good info for investors and others looking for an alternative to selling their home. Rental properties can be great investments with rental rates high and the inventory of available homes is very low.



http://bit.ly/gXqI9l

Gorgeous 35 Acre Property in Castle Rock, CO with Fantastic Views!!!

This 35 acre lot had several building sites and a very unique terrain while still close to Castle Rock, Parker and I-25 access.

Great investment

Just a quick note on some of the deals out there. I am working with a buyer who is looking for a home for his family. We are under contract and about to close on a property that he will purchase for $124,000 and the market analysis i did put the house at $155,000. The house needs paint and carpet, which once done the value will be even higher.

For those that don't want to look at foreclosures because the banks dont respond, you are missing out. I had a response on this offer 4 hours after submitting it and they accepted our offer. No back and forth, an accepted offer right away. The banks have the people in place to review these properties and respond. And while we can't expect that response every time, a deal like this is definitely worth putting some time into.

This just gives an example of a great investment property this could be to have as a rental or to do as a flip. The properties are out there and I am definitely seeing them. So no more waiting, if you ever considered investing in Real Estate it is a great time to do it.

Canterberry update

Important information to spread to your neighbors and friends:

Frontier Valley Elementary
Kindergarten Registration
2011 - 2012
Children must be 5 years old on or before October 1, 2011, to enter Kindergarten.
Wednesday, January 12, 2011 3:45 p.m. - 6:00 p.m.
Thursday, January 13, 2011 8:00 a.m. - 4:00 p.m.

Enrollment packets will be available for download on the Frontier Valley website January 5, 2011.

KINDERGARTEN PACKETS MAY NOT BE ACCEPTED BEFORE JANUARY 12TH AT 3:45 PM!

Colorado in the top 10

Interesting report below. Colorado ranked 4th, which is great. I am guessing Colorado would be a lot higher if they added other criteria to this survey.

Daily Real Estate News | October 20, 2010 | Share
Where Do Most People Want to Live?
If you could live in any state, except the one you live in now, what state would you choose to live in?

The Harris Poll has asked this question every year since 1997. While California tops the list of most popular states to live in among Echo Boomers (now ages 18 to 33) and Gen Xers (ages 34 to 45), Hawaii is the top pick for Baby Boomers (ages 46 to 64) and Matures (ages 65 and over). Among Echo Boomers, Hawaii drops out of the top five.

Here are the top-10 states across the age groups:

1. California
2. Hawaii
3. Florida
4. Colorado
5. Arizona
6. North Carolina
7. Oregon
8. Texas
9. New York
10. Washington

Source: Harris Interactive (10/19/2010)

Foreclosure update

Good info on the foreclosure freeze. This Trulia article focuses on 4 areas that are affected, including buyers. http://www.trulia.com/blog/taranelson/2010/10/4_things_buyers_need_to_know_about_robo-signing_and_the_foreclosure_freeze

REALTOR® Magazine-Daily News-Even in Frugal Times, Home Buying Interest Up

Good updates on future purchases.

REALTOR® Magazine-Daily News-Even in Frugal Times, Home Buying Interest Up

This could be a good indicator of what peoples perceptions are and indicate optimism. Good for the Real Estate market, this should bring more buyers to the market.

What are you waiting for?

Some articles last week reporting a rise in interest rates. No matter how small the increase everyone wants to know if this is a sign that they are going up. My suggestion would be not to panic. As low as interest rates are, slight increases really are insignificant in the big picture. Home prices are still low and the interest rates are still extremely low. The real thing to consider is “What are you waiting for?”

If you are one of the ones out there that is waiting for either home prices or interest rates to drop even further, time to review. The only time we know we have hit bottom is after the fact. We have seen a lot of stabilization in the Real Estate market, with some neighborhoods starting to show appreciation. Home buyers are sticking to their prices and not doing drastic price reductions or accepting low ball offers. The important thing is even if there is a drop in home prices; it would most likely be small considering the huge drops we have already experienced. And interest rates do eventually need to go up. These historic lows cannot be in place for very long.

So if you are considering buying, don’t wait. You don’t want to be one of those that say I wish I had bought back then. There are great opportunities out there, don’t let one pass you by.

Good News for Investors!

The Real Estate market in Colorado has great opportunities for investors. Prices are are still low and a lot of areas are seeing appreciation. Low mortgage rates have also helped to create a very stable market. Colorado has not had the wild sings that other states like California, Nevada, Arizona, etc. have had. When many think about investing in Real Estate they think of fix n flips, but they are missing the biggest opportunity for investors, Renting.

Rental homes are in high demand and rental rate are high. This makes it a great time to invest in properties that can be rented out. There are a lot of properties available that will generate a positive cash flow each month. The program is simple--find a great deal on a home, find a good quality renter, let them pay the mortgage, you keep the profits.

Honestly you are probably dreading the idea of finding and working with a renter. I started in Real Estate by buying homes and renting them out and I now do it for others through our Property Management services. I have had great success personally and for clients getting good quality renters which make the process very rewarding for investors. Even with utilizing our Property Management services, properties can produce great cash flow and take away any headaches or extra work away from the investor so you can do what you do best.

Feel free to post any comments or contact me and I can show you how it can work for you.

Jeff Sams