Your REALTOR:
Bonnie Fagoh
January 2004
Buyin' or Sellin'....Call Bonnie Helen! (Fagoh)(813) 390-7606
Copyright © 2004 Realty TimesAll Rights Reserved.
Analyzing Real EstateSo You Can Make Money Investing in real estate is a tricky business, and like the stock market, every investment will not be a great one. As a matter of fact, what makes a great real estate investment is keyed as much to timing and interest rates as it is to the true operating costs of a property. Granted, every marketplace is different, and market conditions may force you into overpaying for a property you really want, but if return on investment is what you want, you cannot afford to overpay for real estate
Mortgage Rates U.S. averages as of December 25, 2003:30 yr. fixed: 5.81%15 yr. fixed: 5.13%1 yr. adj: 3.73%30 yr. jumbo: 6.98%-->
Get today's rates
investments if you expect to retire on the income. Sure, there is a lot to be said for leverage and appreciation, but at the end of the day the cash flow is what counts.
CONTINUED >>>
Wondering What Your Home Is Worth?Let me show you.
Real Estate Investors Expect 2004 To Be A Transition Period Real estate investors are expecting 2004 to be a transition period as markets move toward a weak recovery tempered by a continued loss of jobs overseas, limited job creation here at home and continued budget shortfalls in all levels of government. That, at least, is how the annual "Emerging Trends in Real Estate" report looks at it. The report, developed by the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP, is based on surveys and interviews with more than 350 of the industry's leading authorities. So far, returns continue to belie weak market fundamentals, including high vacancy rates, falling rents, resurgent concessions, rising property taxes and higher operating expenses, the report says. However, if interest rates rise too quickly before job growth drives up leasing activity, property values could fall even as the economic recovery gathers steam. "No one expects a sudden rebound," according to Emerging Trends. "Rents will be flat in most sectors, down more for office. Income returns carry the day, appreciation will be negligible and many office markets will experience value dips
CONTINUED >>>
Resolve To Have A Safe House And Secure Finances In 2004 If you are a new homeowner, then 2004 will be filled with new responsibilities, projects and home maintenance to-dos. Instead of the tired "I'll lose 10 pounds and go to the gym every day" resolution, you could dedicate your efforts to making your house safe and your household financially secure. One of the most important things you can do is ensure you've adjusted to your new mortgage payment and the slew of other payments you make as a homeowner -- property tax, insurance, utility bills, maintenance services, and the list goes on. "In the first twelve months after purchasing a newly built home, owners spend an average of $8,900 to furnish, decorate and improve their homes -- more than twice the $4,000 spent by non-movers," the National Association of Homebuilders says in its report, "Housing: The Key to Economic Recovery." As a new homeowner, it's sometimes easy to get lost on spending sprees and ultimately increase your debt and potentially reach the point at which you get behind in your mortgage payments. That gets even more overwhelming if you're carrying holiday debt. While you are probably anxious to buy furniture for every room of your new house and decorate everything all at once, financial experts suggest you:
CONTINUED >>>
If You're Remodeling, Keep Your Neighbors In The Loop Going through a major remodel can be a stressful time. Strangers are in your house for weeks or months, your daily routines are disrupted, dust is flying, parts of your house might not be functional (like the kitchen), and the work may take longer than expected. But the chaos isn't confined to just your house -- your neighbors are feeling the effects, too. It's important to keep them apprised of your remodeling plans and what to expect in the coming weeks or months. Keeping the line of communication open with your contractor is the first step. But whether you're undergoing a two-week or two-month remodel, you'll need to know how the process will go -- how you'll cook if you're going through a kitchen remodel, and how you'll shower and primp for work if you're having a bathroom remodeled. And how you'll live with a work crew and materials scattered about your house.
CONTINUED >>>Local Market Conditions
Daily News and Advice -->Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
Mortgage Rates Fall In December
Falling Rental Rates? What Does It Mean?
This Old House Restoration May Come With Tough Guidelines
Fannie & Freddie Announce New Loan Limits For 2004
Bonnie Fagoh E-mail: bonniefagoh@century21beggins.comWeb: http://WWW.TAMPACOASTALHOMES.COM 813-390-7606
Century 21 Beggins Enterprises813-390-7606 6542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
Equal Housing Opportunity
E-mail this Newsletter to a friend
No comments:
Post a Comment