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Want to know what will happen in the U.S. Real Estate Market? Watch Florida.
Jim Cramer says Florida is the template for where the US housing market is headed.
Florida real estate lead the way during the boom and the bust, and will lead the way in a recovery. Look to Florida to find out what will happen next.
For pre-purchase investment consulting and expert property management, contact Sun Rock Property Management. We manage your investment in Bradenton, Sarasota and Lakewood Ranch, Florida.
Most property management companies are run by Realtors. They can manage your property, or sell it, or whatever. Too bad for you the Realtor can make a lot more money in a lot less time if they throw your property on the MLS, have a buyer come along, and get a 4% commission instead of managing it.
The mindset of a realtor is not the same as a real estate investor. Realtors are salespeople, helping people buy and sell their homes regardless of capital gain or loss. Investors are seeking high returns on their money, generating cashflow and building wealth. During the boom and bust of the mid 2000’s, many realtors got burned thinking they were investors just because they were in the real estate business.
Usually a Realtor will get into the property management business, thinking it is easy and will generate a little extra income. The result is a domination of Real Estate Agencies, who also do property management. Would you hire an electrician who does a little plumbing on the side to fix your sink? No, you would hire a plumber.
The lack of focus and priority among these companies makes finding a good property management company hard. Sun Rock Property Management was developed by real estate investors to offer an alternative to the realtor/property management companies.
Property Management is all we do.
For focused, efficient management with a personal commitment to you, contact Sun Rock Property Management.
If mortgage rates went up, the dollar would be worth more. Money would be more expensive to borrow, therefore more scarce and valuable. You would have more purchasing power with the money you already have and earn a higher return on savings. Banks would have more money to lend, because they could entice customers with high CD, IRA and savings rates. The higher rates would curb inflation, causing the price of everything to go down, including real estate.
Higher mortgage rates will further depreciate America’s housing market. If you are selling a home for $100k and the average mortgage rate is 5%, the buyer’s payment on a 30 year fixed mortgage is $536 per month. If the mortgage rate went up to 8%, how much of an offer could the buyer make and still keep their monthly payment at $536?
Answer: $73k. Buyers in the market for your property can now only offer 73% of the price when rates were 3% lower. Your home just depreciated 27%.
Are we at the bottom? Not even close.
On April 1st Federal Reserve is not continuing its investment, which means that mortgage rates are about to increase. Experts believe home prices will drop 5 to 10 percent. – realestate.com
Rates have been kept artificially low for the past 9 years, creating a boom and then propping up a bust.
Perhaps rates should really be at 15-20% to make up for all the money that has been printed and spent.
Either rates will stay low and the whole thing will go into a death spiral or at some point market forces will push rates up. When that happens, expect your home to be worth less, and maybe the market bottom will be in sight.
For professional property management in Lakewood Ranch, FL, contact Sun Rock Property Management
One of Sun Rock Property Management’s more tech-savvy friends has recently launched a website to list your home for sale.
The idea of Best Home Trader is to get maximum exposure of your listing online at the best price. By posting your listing you can get to the top of search engines and reach potential buyers nationwide. Listings can be created with a lot of detail and the site is user-friendly.
Viewing current listings or posting your own can be done now at Best Home Trader.
Sun Rock Property Management offers focused, efficient property management with a personal commitment to our owners.
The staff at Sun Rock Property Management believe there is always a good time to buy, as long as you buy right and have an exit strategy.
There is always opportunity in the real estate market, but in the current dynamic market it takes more savvy to create a profit.
From an investment standpoint, the biggest returns are no longer in higher priced homes which could leverage high appreciation. Wholesale, ‘cheap’ homes, improved and then flipped resold for a high percentage profit are the best way to create a gain.
A friend of Sun Rock, is currently specializing in wholesale properties throughout Pinnelas County, Florida. Blackbird homes is finding deals and getting investors into properties to produce cashflow or high percentage returns on investment.
Here is the link to view available listings with blackbird homes.
We manage your investment in Bradenton, Sarasota and Lakewood Ranch, Florida, Sun Rock Property Management
When you have record numbers of foreclosures like the United States has had over the last few years, you get record numbers of renters.
The most amount of people in history have been losing their homes to foreclosure, when this happens the person:
A. Doesn’t have a place to live
B. Has bad credit
C. Can’t qualify for another mortgage
So where do these people go? Some may have to move in with family, but the majority will be looking for a place to rent.
This means that there are currently a record number of people that are interested in renting a property. This is good news for our property management company, since it makes finding tenants very easy.
In some recent cases, we have had people bidding up properties over the advertised rental price. Once properties are rented, we continue to get tons of phone calls and emails of people trying to find a place or see if we have anything similar.
Owners who can capitalize on this opportunity can increase their cashflow and limit vacancies on their properties.
For expert property management in Lakewood Ranch, Florida, contact Sun Rock Property Management.