Monthly Archives: December 2014

Investing in Condos & Townhouses – Be Careful!: Making Money in Real Estate

danley-genetors

danley-genetors

Real Estate/Estate Agents, what are the questions buyers SHOULD be asking you, but aren't?

Fri, 22 Aug 2014 13:27:27 -0700

[edit]: These answers are awesome. Also, RIP my inbox =)

submitted by firerosearien to AskReddit
[link] [4934 comments]

Real Estate Livingston NJ – Homes for Sale in Livingston NJ


CNBC

10 real estate markets most searched in 2014
CNBC
Location, location, location. That's what many cite as the most important factor when selling real estate. Realtor.com combed through its data over the past year to compile a list of the neighborhoods that were most searched for by visitors to its website.
Important aspects of real estate go beyond locationThe-review

all 3 news articles »

FAA has banned the use of drones for real estate photography

Wed, 24 Dec 2014 17:35:50 +0000

The ban is still in effect... and it might be for another 2 years. Currently the FAA has banned the use of drones for commercial use, which includes the use of drones to take aerial photos and videos of real estate for marketing and advertising of a listing.

http://realtormag.realtor.org/daily-news/2014/12/24/faa-issues-drone-warning-again-real-estate?om_rid=AACu9j&om_mid=_BUmu2NB8$fm-rf&om_ntype=RMODaily

submitted by undergroundloft to RealEstate
[link] [65 comments]

Investing in Canada Real Estate vs the United States


Will Cambridge or Somerville Have the Hotter Real Estate Market in 2015?
Boston.com
Which city is hotter right now, Cambridge or Somerville? It is a question that will be increasingly hard to answer in 2015 as Somerville's super hip real estate market increasingly steals some of Cambridge's mojo.

First time home buyer here. Why are my mortgage broker and real estate agent discouraging me from making offers on bank owned properties?

Sun, 01 Jun 2014 07:06:10 -0700

Hi Guys,

First time home buyer here so I might have some questions that seem pretty obvious. So I am looking at buying a condo. I'm 25. I currently live with my parents rent free. I am seeing alot of great bank owned properties on the market and I would love to make an offer. Downside is, I don't have the full amounts in cash most of the properties are asking for. So I will be putting a 20% down.

My mortgage broker and real estate agent strongly discourage me from going after bank owned properties. They say it takes too long to hear from the bank. This annoys me because, I currently live at home so its not like I URGENTLY need to find a place. I have the time to wait it out.

Are they just being lazy because its the same amount of paper work for less commission? Does anyone have experience buying bank owned properties without the full amount in cash? How long did it take to hear back?

Thank you for guiding a newbie!

edit: Thanks for the advice guys. I just wanted to add that I'm thinking of buying a condo, and not a house. NOt sure if this makes a difference in anything. I also live in NJ.

edit 2: Wow! I just checked back on the comments and never expected to get this much. Thank you so much for taking time out to respond to me. I'm sorry If i don't get a chance to directly thank you. Please know your advice is greatly appreciated.

submitted by anonchick123 to personalfinance
[link] [202 comments]

New Jersey Real Estate


U-T San Diego

What's in store for housing in 2015?
U-T San Diego
•Michael Lea, real estate professor at San Diego State University: The key factors affecting the housing market in 2015 will be interest rates, inventory and price appreciation. Mortgage rates will remain low but above current levels as the Fed begins ...

Horrendous interview with a real estate agent. I'm still in shock. Venting...

Tue, 03 Dec 2013 14:55:48 -0800

This nutcase wants to pay $50 flat for 50-100 images for each property... uploaded within 24 hours... in an area where the homes go for Millions of dollars. She also wants all of the photos to be uploaded to a website she wants me to build for her, needs all of her social media to be updated with each property, and wants me to do some videography for the properties as well. Then she went on about how many international Asian clients she has... and apparently according to her, "Asians love blondes and the color blue. So always wear blue when you are in front of the clients, since you are a brunette." After that she made a comment about how unprofessional my bangs are. My bangs aren't edgy or unprofessional, they're more Zooey Deschanel. I'm so disgusted!! Are all real estate agents insane like this?? This is the first agent I've met with. Previously I've worked with clients who were privately selling their homes... wth?

submitted by xxcandela to photography
[link] [298 comments]

0015 Women In Real Estate Investing


Wall Street Journal

S&P Nears Settlement on Real-Estate Bond Ratings
Wall Street Journal
Standard & Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, according to people familiar with the matter. The proposed deal, which involves six commercial real-estate ...
S&P nears settlement on real-estate bond ratings: WSJReuters
S&P's Nears Settlement With Regulators On Real-Estate Bond Ratings : WSJRTT News

all 9 news articles »

While house hunting, I found a dream home. However, the house had a high property tax rate. When I asked the real estate agent why the rate was high, she told me about religious "camps" in the county which built neighborhoods within them for their members. Their members live property tax free.

Mon, 10 Sep 2012 11:31:55 -0700

These camps are owned by a religious group. Entire neighborhoods have been built in these camps. MANY people are living there and according to this real estate agent, no one on this property pays property taxes. Because these people don't pay taxes, the surrounding neighbors have to pay more taxes to make up the difference.

The house I'm looking at has over $12k in property tax, and it's only valued at roughly $170k. Neighboring properties pay the same (one was at $10k, the other was at $11k).

Can religious groups really get away with this?

Links: http://www.riverreporter.com/issues/04-08-26/head3-relations.html (thanks to sandflea)

EDIT: I removed any indication of which religious group owns this land to prevent this thread from becoming a bash-fest against a particular religious group.

submitted by ch-dev to atheism
[link] [61 comments]

Real estate for sale in Parsippany-troy Hills Twp. New Jersey – MLS# 3150564


Real estate fund likes Albany investment
Albany Times Union
Although the Capital Region is relying less on state government work to drive the local economy, a Maryland real estate firm is trying to capitalize on the federal government's strong local presence. A Washington, D.C., real estate company called ...

Real estate agents of Brisbane, why does all your outdoor advertising have a picture of your stupid face on it?

Mon, 03 Nov 2014 21:31:56 +0000

Seriously. Is it a law or something? I have never seen some picture of a real estate agent and said wow, that's the insincere smile that is going to sell my house.

submitted by nothinbeatsagoodshit to brisbane
[link] [87 comments]

What did I do First? Real Estate Investing | Flipping Houses | Wholesaling Houses


Citywire.co.uk

Two local real estate companies join
Richmond
Prime Property Realty has merged with Better Homes and Gardens Real Estate First Realty Group. The combined company now has about 70 sales associates, making it the largest brokerage in Richmond and eastern Indiana. Mark Brunton Jr., managing ...
Easier FDI in real estate means govt is inflating India's urban housing bubbleFirstpost
Washington Real Estate Investment Trust CFO Sells $414600 in Stock (WRE)Dakota Financial News
F&C Real Estate trust to convert to ReitCitywire.co.uk
WKRB News
all 43 news articles »

We need more real estate outside of the city.

Fri, 01 Nov 2013 05:55:52 -0700

This is something that we need. Why is there no good real-estate outside of the city? I like the Blaine County area so much more than the city. There is a 6 car garage near the air force base, and some 2 car garages up in sandy shores and the little town at the north end of the map. Maybe a DLC can make some of the big unused warehouses 10 car garages.

submitted by aphd to GrandTheftAutoV
[link] [41 comments]

Part 4 – Tax Benefits – The Basics of Real Estate Investing


What did that house sell for? Real estate in the Tiers
Elmira Star-Gazette
Annette C. Boykin as administratrix of the last will and testament of Anna Boykin, to David Hill, $31,915. John H. Cook Jr. Painting Contractors Inc. to J.H.C. Real Property Management LLC, $60,000. Robert F. Gibbons and Kristen R. Gibbons, 925 ...

Horrendous interview with a real estate agent. I'm still in shock. Venting...

Tue, 03 Dec 2013 14:55:48 -0800

This nutcase wants to pay $50 flat for 50-100 images for each property... uploaded within 24 hours... in an area where the homes go for Millions of dollars. She also wants all of the photos to be uploaded to a website she wants me to build for her, needs all of her social media to be updated with each property, and wants me to do some videography for the properties as well. Then she went on about how many international Asian clients she has... and apparently according to her, "Asians love blondes and the color blue. So always wear blue when you are in front of the clients, since you are a brunette." After that she made a comment about how unprofessional my bangs are. My bangs aren't edgy or unprofessional, they're more Zooey Deschanel. I'm so disgusted!! Are all real estate agents insane like this?? This is the first agent I've met with. Previously I've worked with clients who were privately selling their homes... wth?

submitted by xxcandela to photography
[link] [298 comments]

Real estate for sale in Jersey City New Jersey – MLS# 1315894


What's ahead for commercial real estate in 2015?
The Tennessean
It's no secret Nashville's commercial real estate market is booming. But how long can the good times — evident by construction cranes dotting the skyline and strong investment sales — continue? The Tennessean assembled a group of leaders from local ...

and more »

Thought you guys would like some real estate numbers for this year.

Mon, 08 Dec 2014 03:54:20 +0000

For more resources, I highly recommend the Texas A&M Real Estate Center's site for Austin: http://recenter.tamu.edu/mdata/Austin-Round-Rock-San-Marcos.asp

Hi, everyone. I'm a realtor and thought some of you might like some general numbers for real estate in Austin this year. These numbers are taken from the MLS and cover Austin specifically (with a handful of outliers like Belterra that have an "Austin" address for the MLS).

Note that this is different from the "Austin Area" numbers that ABOR gives to the media each month, which includes the broader area outside of Austin as well (e.g. Williamson County, Lake Travis Area).

Sorry if it's a little sloppy to look at, but it'd take forever to type it all in detail. Hopefully Reddit doesn't screw up the formatting.

Edit: u/shiruken made nice charts for us based on these numbers! Look at his comment.

Median sales price for a single-family home (SFH) by year:

'12 = $245K '13 = $270K '14 = $295K

Median Days to Sell for SFH:

'12 = 22 '13 = 11 '14 = 10

Median sales price for Condos:

'12 = $180K '13 = $200K '14 = $215K

Median days to sell for Condos:

'12 = 35 '13 = 18 '14 = 13

Cash buyers for condos in ’04 and ’01 made up 35% of condo buyers in that area this year.

Cash buyers for SFH's in Austin made up 23% of home buyers in 2014.

30% of home buyers were cash buyers in the combined 78703, 78701, and 78704 area.

Top 10 fastest selling zip codes in Austin for SFH (just under a week is median time to sell):

’57, ’27, ’49, ’50, ’28, ’58, ’41, ’52, ’59, ‘45

Median sales price per zip code:

78702….12 = $215K …13 = $280K …14 = $325K (23% of homes sold in 2014 in this zip were built in 2013 or 2014)…33% of SFH buyers in ’02 were cash buyers.

78723 and 78721 combined…12 = $168K … 13 = $200K …14 = $255K (33% of buyers were cash for SFH in 2014)

78704 SFH…12 = 398K …13 = 450K … 14 = 490K

Note: There was little appreciation from 2013-2014 for condos in ’04 (median price is $300K). 20% of condo sales in 2014 in this zip were condos built in 2013/2014.

78741 SFH…12= 153K…13= 166K…14= 210K

78749 SFH…12= 250K...13=280K…14=310K

78739 SFH…12 = 357K…13 = 385K…14 = 425K

78745 SFH…12 = 178K..13 = 205K…14 = 235K

78731 SFH…12 = 510K..13 = 555K…14 =600K (median of two weeks on the market)

78759 SFH…12 = 340K…13 = 390K…14 = 420K

Median price for an Austin SFH with 3-4 bedrooms and 2-3 bathrooms under 2,500 square feet: 12 = 200K …13 = 220…14 = 250

78746 Median SFH Sales Price

12= 710K 13 = 850K 14 = 905K

Median time to sell in ’46 this year was 3 weeks.

% sold by sales price in Austin for SFH (market share per price range)

Under $200K = 18% 200K to 300K = 30% 300K to 400K = 20% 400K to 700K = 25%

% sold by sales price in Austin for Condos

100K to 200K = 37% 200K to 300K = 28% 300K to 400K = 13%

submitted by OakHillFella to Austin
[link] [147 comments]

Commercial Real Estate Investing Secrets – What the GURUs Don’t Want You To Know


American Banker

Real Estate Lenders Paying Premiums to Trade Whole Loans
American Banker
Real Estate Lenders Paying Premiums to Trade Whole Loans. by Matt Scully. DEC 23, 2014 4:19pm ET. As the real estate market ramps back up, lenders are looking for ways to diversify their portfolios, even if the returns are slim. To continue, please log ...

JFK - long-hidden footage of second shooter to be aired this week. Texas real-estate developer Stephen Bowen claims to have video.

Sun, 24 Nov 2013 08:31:36 -0800

submitted by funnymanisi to conspiro
[link] [267 comments]