Incline Village Now Blog

Market Update

As we look around, there are certainly reasons why one might feel less than optimistic.

For example, Building Permits are down and the dollar value took another drop.

Not to diminish the stress this is causing many of our unemployed construction workers, but the slowdown is actually A Blessing in Disguise, in our opinion.  As new home and condo construction dries up, the supply is lessened.

HOWEVER, Incline Village homes are selling.  The sales for August are amazing.

Since Incline has not lost its luster as a World Class Destination, the demand side of the equation should rebound nicely once the economy turns around.  The inevitable outcome from lower supply and increasing demand will be a return to a more stable real estate market.
As an additional positive benefit, the slowdown has made Incline Village homes more affordable than they have been for a long time.  Who would have thought two years ago that one would be able to buy a home in Incline Village at todays amazing prices !!
Have a wonderful week!

Market Update

During recent Newsletters, we have chronicled the recovery in the residential real estate markets throughout the U.S.

Since August 1st we have seen an AMAZING increase in sales in Incline Village.   Hopefully, this is the beginning of our home prices stabilizing.  It is still a buyers market and there are some wonderful homes and condos available.  Please call, or e-mail me @ carole@inclinevillagenow.com if you would like information on specific properties.

I am always here to assist you.  My cell # is 775.848.6242.  Call me anytime.

Have a wonderful week !

Carole

Tired Of Losing Money In The Stock Market? You’re Not Alone!

With the current stock market woes, most investors have seen the value of their retirement and stock market portfolios drop by 30% or more. And according to almost every news story - it’ll take years to get even a portion of these funds back.

That’s why many people are now considering buying real estate in their IRA or retirement plan as a great way to recoup their losses - and protect their future retirement funds!

Here Are Four Reasons Why Using IRA / Retirement Plan Funds To Purchase Real Estate Makes Sense:

• The stock market has tanked, and investors have lost confidence! Almost everyone’s stock market portfolio is down 30% or more. Buying real estate just makes sense.
• Real estate prices are dramatically lower than just two years ago, creating tremendous upside through both a higher future resale value and the rent you collect in the interim!
• There is a tremendous amount of foreclosures and auctions where you can pick up beautiful homes for 20% or less of their value!
• Growth and profit is tax-free! Because the home is in a qualified retirement plan, you can buy a home today, then sell it in three years for $300,000 profit - and not pay taxes on the profit! Instead, you can use the full profit to buy even more properties!

How To Use Retirement Plan Funds To Purchase Real Estate

Buying real estate in an IRA or retirement plan is not new; commonly called a Self-Directed IRA, it has been an option since the passing of the Employee Retirement Income Security Act (ERISA) in 1974.

And you’re not alone if you are one of many investors who are not familiar with the Self-Directed IRA concept, as it simply isn’t pitched - or supported - by brokerage firms who would rather sell you stocks and bonds over and over again for multiple or ongoing investment fees instead of the one-time fee for buying a property.

Types Of Retirement Accounts That Can Be Moved Into Self-Directed IRA Accounts:

• Traditional IRA’s
• 401(k)s
• Keoghs
• SEP IRAs
• Roth IRAs
• Profit Sharing Plans
• Qualified Annuities
• Deferred Compensation Plans
• Coverdell Education Savings (ESAs) a.k.a. Educational IRAs

By purchasing real estate in your IRA or retirement plan, you are not changing what your retirement plan funds do (building tax-free value for use at some future date); you are simply changing the type of investment in your retirement account (from stocks, bonds, and mutual funds to real estate) to reap the benefits of appreciation and rental income, as explained below.

Benefits Of Purchasing Real Estate In Your Retirement Plan

Your money grows three ways while owning real estate in your retirement plan:

• Through the increase of the value of the home appreciation
• Through the accumulation of rental income
• Through TAX-FREE growth accorded to retirement plans (yes, this means you can sell a home at a $500,000 profit and not pay taxes on it!)

Below is an example of how a $200,000 home can grow to $500,000 or more using historical averages (disclaimer: past performance is not an indicator of future performance):

Example: Purchase Price Of $200,000

Year	4% Growth	8% Growth
1	$208,000.00	$216,000.00
2	$216,320.00	$233,280.00
3	$224,972.80	$251,942.40
4	$233,971.71	$272,097.79
5	$243,330.58	$293,865.62
6	$253,063.80	$317,374.86
7	$263,186.36	$342,764.85
8	$273,713.81	$370,186.04
9	$284,662.36	$399,800.93
10	$296,048.86	$431,785.00
20	$438,224.63	$932,191.43
25	$533,167.27	$1,369,695.04

Example: Rental Income, $1,500 per month (no rent increase)

Year	Annual Rent	Aggregate Rent
1	$18,000.00	$18,000.00
2	$18,000.00	$36,000.00
3	$18,000.00	$54,000.00
4	$18,000.00	$72,000.00
5	$18,000.00	$90.000.00
10	$18,000.00	$180,000.00
20	$18,000.00	$360,000.00
25	$18,000.00	$450,000.00

Of course, you’ll have to pay your taxes and any improvements you make to the home, but even with these costs, the bottom line of what you keep is still pretty substantial - and even more so when you realize the growth is tax-free!

How To Get Started

There are a couple of technical requirements that allow you to purchase real estate in an IRA or retirement plan. Included below are some of the basics, but investors are strongly recommended to do their full research regarding the applicability such investments.

Some Basic Requirements

:

• Purchasing real estate in an IRA is allowable under the ERISA Act of 1974.
• Purchasers have to have a separate investment account with the required documentation, plus abide by a few simple rules; namely, that funds in this account cannot be commingled with other funds. In other words, you can’t pay for improvements with your personal money, and rent must be deposited into this account. Doing so voids the tax-free benefits of your IRA.
• Most brokerage houses do not support - and therefore allow - investors to hold real estate in an IRA. Therefore, individuals purchasing real estate in their IRAs must use an approved provider for both their account set-up and documentation. (We have included a list of those vendors below.)

Note: it generally takes two to four weeks to set up the required account, transfer/close out an old IRA, and get the funds into the new account. This corresponds to the 30 or so days it takes to “close” on the property, but don’t dawdle on getting your SDIRA account set up, as the new property must be titled and paid for with your SDIRA account and not personal funds.

Getting Started:

We recommend the following steps for getting started with purchasing real estate in an IRA or retirement plan:

• Read and Research. Make sure you understand the rules and requirements of a Self-Directed IRA. You’ll have to set up your account with a qualified administrator, not commingle funds, and abide by a few other rules.
• Decide On A “CheckBook” or “Regular” Self-Directed Account. Some qualified administrators require you to mail invoices to them for processing, while others provide a checkbook set up whereby you pay your own invoices. Make sure you know the benefits of both. Some recommended administrators appear below.
• Know Your Personal Temperment. You’ll not only have to spend time selecting and closing on properties, but depending on how many you purchase and for what reason, may want to rent out your new homes. Make sure you know your requirements and capabilities.
• Find The Right Properties. Don’t just buy houses because they are cheap. Make sure you have a plan as to where you want to buy, why you want to buy there, and whether or not you will rent the properties. Use your real estate agent for guidance.

Recommended Administrators

Your self-directed account must be properly set up and maintained by a qualified administrator.  Call me @ 775.848.6242 for recommended administrators.

Market Update  - SHORT SALES & FORECLOSURES in Incline Village

You can now check for all Short Sales and foreclosures in Incline Village from our website.  We have added a link on our home page.  Go to www.inclinevillagenow.com

Real Estate sales increase but are still below 2008 levels .  It is the old story.  Do you see the glass as half empty or half full?

Being the optimists that we are, we like to view it as being half full and getting fuller every day.  We are also realists, too, so we don’t deny the fact that prices are still soft.

It is at times such as this, when prices are soft and foreclosures abound, that you will find your best deals.

We are cautiously optimistic that sales will continue to increase through the summer.  It certainly appears that way from our limited perspective, as we have been extremely busy writing offers and opening new escrows during the last several weeks.

Have a wonderful week.

Market Update

There are several very key indicators that are giving us renewed confidence and optimism to buy real estate now.

1. Inventories have declined significantly in 29 major metropolitan cities and especially so in those areas where Incline Village gets most of its buyers, i.e. West Coast cities.

2. The stock market as reflected in the S&P averages has rebounded by 36% from the March lows.

3. Interest rates while remaining low are starting to trend higher.  Good argument for buying now rather than waiting until later when interest rates will most likely be much higher.

There are other things such as consumer optimism and spending both of which are up as well as construction spending.  It appears as if the worse is over and we will be heading out of recession soon.

If you agree and think it is a good time to buy now, please contact us so that we can help you find just the right property to meet your needs and suit your budget.

Have a wonderful week.

Please call Carole @ 775.848.6242 or e-mail carole@inclinevillagenow.com for more information and updated short-sale and foreclosure listing information.

Bank owned:

637 Woodridge Circle, APN 122-052-13-44, Rec. 5/21/09, Bank of New York, c/o BAC Home Loans Financing, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

820 Oriole Way - Royal Pines #84, APN-132-252-42, Rec.5/14/09, Aurora Loan Services, 327 S. Inverness Dr., Eaglewood, CO 80112

225 Allen Way, APN 122-195-10, Rec. 5/13, Aurora Loan Services, 327 S. Inverness Dr., Eaglewood, CO 80112

826 Ellen Ct., APN 125-223-20, Rec. 5/11/09, Deutsche Bank as trustee for Washington Mutual, 7255 Baymeadows Way, Jacksonville, FL 32256

420 First Green, APN 131-225-16, Rec. 5/8/09, Deutsche Bank as trustee for IMH Assets Corp., 2255 N. Ontario St., #400, Burbank, CA 91504

648 2^nd Creek Dr., APN 125-463-06, Rec. 4/10/09, HSBC Bank, 2929 Walden, Depaw, NY 14043

807 Alder – Woodstock #85, APN 132-052-10, Rec. 1/23/09, Wells Fargo Bank c/o EMC Mortgage Corp., 2780 Lake Vista Dr., Lewisville, TX 75067

996 Tyner Way, APN 125-184-05, Rec. 1/23/09, Indymac Bank FSB, 6900 Beatrice Dr., Kalamazoo, MI 49009

669 Tumbleweed, APN 125-531-18, Rec. 1/12/09, Cwmbs Inc. Trust 2007-10 c/o Countrywide Home Loans, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

737 James Lane, APN 122-194-10, Rec. 12/5/08, Deutsche Bank as trustee for RALI 2007QA1, c/o GMAC, 1100 Virginia Ave., Fort Washington, PA 19034

1043 Tomahawk Tr., APN 130-081-13, Rec.12/4/08, Federal National Mortgage Assoc. FNMA c/o Countrywide Home Loans, 400 Countrywide Way SV-35, Simi Valley, CA 93065

810 Alder - Incline Manor #75, APN 132-030-75, Rec. 11/18/07, Deutsche Bank Trust 2006-8 Tr., 3476 Stateview Blvd., Fort Mill, SC 29715-7203

870 Southwood Blvd. - Southwood Court #7, APN 132-410-07, Rec. 11/17/08, First Franklin Trust 2006-Ff5, c/o Home Loan Services, 150 Allegheny Center, Pittsburg, PA 15212-5356

941 Dorcey Dr., APN 125-161-11, Rec. 11/12/08, Morgan Stanley c/o Option One Mortgage, 6501 Irvine Center Dr., Irvine, CA 92618

947 Tyner, APN 125-161-44, Rec. 11/4/08, HSBC Bank USA. Nat’l Assoc., 2525 E. Camelback Rd., Ste. 200, Phoenix, AZ 85016

820 Oriole – Royal Pines #91, APN 132-252-46, Rec. 11/3/08, JP Morgan Chase Bk c/o Washington Mutual, 7255 Baymeadows Way, Jacksonville, FL 32256

954 Garen St., APN 125-171-12, Rec. 11/4/08, HSI Asset Trust 2007-wf1, 2525 E. Camelback Rd., Ste.200, Phoenix, AZ 85016

928 Wendy Lane – Country Club Ct. #3, APN 131-340-03, Rec. 10/27/08, Federal National Mortgage Assoc. FNMA c/o Countrywide Home Loans, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

825 Southwood Blvd., Southwood Pines #14, APN 127-110-14, Rec. 10/21/08, JP Morgan/Chase Bank c/o Washington Mutual, 7255 Baymeadows Way, Jacksonville, FL 32256

790 Northwood Blvd., APN 124-043-14, Rec. 10/9/08, Bank of New York c/o Countrywide Home Loans, 400 Countrywide Way, SV-35, Simi Valley, CA 93065

702 College Dr. – Incline Crest #76, APN 129-270-14, Deutsche Bank, 1610 E. St. Andrew Pl #b150, Santa Ana, CA 92705

801 Northwood Blvd. - Incline Manor #45, APN 132-030-45, Federal Home Loan Mortgage Corp, 1410 Springhill Rd., McLean, VA 22102

1336 Tirol Dr. APN 126-500-21, Washington Mutual, 7255 Baymeadows Way, Jacksonville, FL 32256

949 Dana Ct. – Tahoe Palisades #4, APN 128-120-04, LaSalle Bank c/o Washington Mutual 2006-5, 7255 Baymeadows Way, Jacksonville, FL 32256

825 Southwood Blvd - Southwood Pines #11, APN 127-110-11, Rec. 7/15/08, Bank of America, 4161 Piedmont Pkwy, Greensboro, NC 27410

872 Tanager - Pinebrook #57, APN 132-560-32, LaSalle Bank c/o Washington Mutual, 7255 Baymeadows Way, Jacksonville, FL 32256

806 Oriole - Village Court #6, APN 132-290-06 His Asset Series 2006-Opt1, Wells Fargo Bank, 6501 Irvine Center Dr., Irvine, CA 92618, (949) 790-3600

989 Tahoe Blvd. - Tahoe Racquet Club #82, APN 127-363-08, Bank of New York Series 2005-1, 4828 Loop Central Dr., Ste 600, Houston, TX 77081-2226

928 Wendy Lane – Country Club Ct. #1., APN 131-340-01, Fremont Investment & Loan, 3110 E. Guasti Rd. #500, Ontario, CA 91761

825 Southwood - Southwood Pines #15, APN 127-110-15, HSBC Bank, 2929 Walden, Depaw, NY 14043

400 Fairview - Bitterbrush #63, APN 126-292-23, US Bank Series 2005, 4828 Loop Central Dr., Houston, TX 77081

Pre-foreclosures

Recorded in May 2009

400 Fairview – Tahoe Chaparrel #27, APN 126-291-01, Rec. 5/15/09, QM Corp, POB 859, Sparks, NV 89432

575 Sugarpine, APN 122-124-03, Rec. 5/12/09, David Russell, 12900 Woodlake, Grass Valley, CA 95949

725 Fairview – Incline Pines #10, APN 126-302-16, Rec. 5/8/09, Wallace Family, 5700 Division St., #100, Riverside, CA 92506

978 Glenrock #37, APN 131-023-05, Rec. 5/7/09, Hans Keller, POB 3917, IV 89450

989 Tahoe Blvd. – Tahoe Racquet Club #89, APN 127-363-15, Rec. 5/5/09, James & Sharon Devlin, 5920 N. Jones Blvd., Las Vegas, NV 89130

740 Mays Blvd., APN 122-194-26, Rec. 4/14/09 & 5/1/09, Superior Pacific Investment LP, 3927 1^st St., Livermore, CA 94551

Recorded in April 2009

561 MacDonald, APN 124-085-15, Rec. 4/29/09, Lamonica Family, POB 7973, IV 89452

929 Southwood – Pinewood #5, APN 127-490-08, Rec. 4/28/09, Macool LLC, POB 263, Crystal Bay, NV 89402

978 Glenrock #11, APN 131-021-11, Rec. 4/28/09, John & Kerry Causey, 978 Glenrock #11, IV 89451

593 Tyner, APN 125-512-04, Rec. 4/27/09, Jean-Pierre Simon, 74 Exeter Lane, Pleasant Hills, CA 94523

967 Granite Ct., APN 128-060-10, Rec. 4/27/09, Kim Parker-Mares, POB 3671, IV 89450

872 Tanager – Pinebrook #31, APN 132-570-14, Rec. 4/27/09, William T. Beddie, POB 5672, Tahoe City, CA 96145

806 Geraldine, APN 125-233-06, Rec. 4/27/09, Michael Rachlin, POB 2432, Sparks, NV 89432

225 Pinecone, APN 130-203-29, Rec. 4/24/09, Ronald Partelow, 2762 Oakwood Dr., Minden, NV 89423

648 Martis Peak Rd., APN 122-192-06, Rec. 4/24/09, Mammoth Aspen LLC, 111 Mary Crest Rd, Suite O, Henderson, NV 89074

830 Southwood, APN 132-440-02, Rec. 4/23/09, Evelyn Griffiths, 5000 Mission Oaks Blvd. #56, Austin, TX 78735

706 Golfers Pass, APN 128-241-16, Rec. 4/22/09, James & Nancy Rawie, 706 Golfers Pass, IV 89451

931 Village – McCloud #252, APN 127-078-27, Rec. 4/15/09, Vanda Karamehmedovic, 19889 John Dr., Castro Valley, CA 94546

321 Ski Way – Mtn. Shadows #170, APN 126-151-12, Rec. 4/15/09, Michele Dwyer, 3534 Ashbourne Cir., San Ramon, CA 94583

123 Juanita – Forest Pines 1-72, APN 127-300-05, Rec. 4/14/09, Toni & Monika Kamali, 27420 Laurelton Circle, Mission Viejo, CA 92692 – Bank & HOA

807 Snead Ct., APN 128-361-17, Rec. 4/13/09, James Berg, 3642 Sheridan Rd., Shingle Springs, CA 95682

972 Fairway View Ct., APN 131-440-05, Rec. 4/13/09, Paul & Cathleen Kahn, POB 3240, IV 89450

501 Lakeshore – Lakeshore Terrace #57, APN 122-510-57, Rec. 3/18/09 & 4/21/09, Scott Bahneman, 774 Mays Blvd., #10-381, IV 89451

501 Lakeshore – Lakeshore Terrace #58, APN 122-510-58, Rec. 3/18/09 & 4/21/09, Scott Bahneman, 774 Mays Blvd., #10-381, IV 89451

825 Southwood – Southwood Pines #13, APN 127-110-13, Rec. 4/10/09, Luke Stevenson, POB 9012, IV 89452

725 Golfers Pass Rd., APN 128-243-14, Rec. 4/2/09, Chelsea McKean, 28 Kimberley Pl., Alama, CA 94507

1351 Zurich Ln., APN 126-430-22, Rec. 4/2/09,Chelsea Murtuza Alladin, 952 Hilldale Ave., Berkeley, CA 94708

996 Third Green Ct., APN 131-250-18, Rec. 4/8/09, David & Linda Shank, POB 7253, IV 89452

400 Fairview – Bitterbrush #221, APN 126-294-47, Rec. 4/2/09, Victoria Brown, POB 4027, IV 89450

194 Tramway, APN 130-212-21, Rec. 4/1/09, Brian & Carol Cleaver, POB 7701, IV 89452

Recorded in March 2009

1000 Lakeshore #12, APN 130-191-04, Rec. 3/31/09, Mary Ann Ferrari, 1000 Lakeshore #12, IV 89451

275 Deer Ct. #19, APN 127-560-01, Rec. 3/26/09, Christine Graham, 275 Deer Ct. #19, IV 89451

809 Jeffrey, APN 125-225-31, Rec. 3/25/09, Betty Herold, 716 N. Ventura Rd., #321, Oxnard, CA 93030

321 Ski Way – Mt. Shadows #48, APN 126-102-06, Rec. 3/24/09, Benecia Price, 774 Mays Blvd. #10-495, IV 89451

978 Glenrock Dr. #59, APN 131-021-25, Rec. 3/24/09, Sandra Haupt, POB 4654, IV 89450

825 Southwood - Southwood Pines #1, APN 127-110-01, Rec. 3/19/09, Brian Seppa, 10 PMB 256, IV – Bank & HOA

900 Golfers Pass #3, APN 129-330-03, Rec. 3/18/09, Kim Parker-Mares, POB 3671, IV 89450

769 Mays – Cedars #10, APN 122-460-10, Rec. 3/6/09, Edward Orsua, 769 Mays Blvd., #10, IV 89451

852 Donna, APN 124-083-25, Rec. 3/5/09, Chalmer & Kristen Dillard, POB 6137, IV 89450

872 Tanager – Pinebrook #17, APN 132-570-08, Rec. 3/2/09, Daniel Gordon, 3351 Green River Dr., Reno, NV 89503

Recorded in February 2009

696 Village – Woodminster #22, APN 131-031-16, Rec. 10/23/08 & 2/20/09, Todd Disbrow, 590 Lakeshore Blvd., IV 89451 89511 - NOTICE OF SALE on 2/17/09

580 McDonald, APN 124-084-05, Rec. 2/18/09, Barbara Berns, POB 6169, IV 89450 - NOTICE OF SALE on 6/10/09

State Route 28, Crystal Bay (lot), APN 132-043-01, Rec. 2/17/09, John Arden, POB 1456, Crystal Bay, NV 89402

962 Jennifer, APN 125-382-11, Rec. 2/17/09, Richard Vincent, 2801 Otis Dr., Alameda, CA 94501- NOTICE OF SALE on 6/10/09

1308 St. Gallen Ct. , APN 126-522-04, Rec. 9/24//08 & 2/12/09, Matthew & Arlene McClanahan, 5937 Olympiad Ln., Herriman, UT 84096 – Bank & HOA

869 S. Dyer, APN 124-083-05, Rec. 2/11/09, Peaslee Trust, 869 S. Dyer, IV 89451

321 Ski Way - Mt. Shadows #68, APN 126-110-10, Rec. 2/10/09, Curtis Johnson, 2225 Buchanan Rd., Ste. C, Antioch, CA 94509 - NOTICE OF SALE on 6/3/09

991 Fourth Green Dr., APN 131-261-49, Rec. 2/10/09, Deborah Taylor-Cramer, 991 Fourth Green Dr., IV 89451- NOTICE OF SALE on 6/10/09

514 Gonowabie, Crystal Bay, APN 123-132-02, Rec. 2/10/09, Nicholas Walker, POB 1627, Crystal Bay, NV 89402 - NOTICE OF SALE on 6/3/09

121 Juanita Dr. – Forest Pines #36, APN 127-290-36, Rec. 2/9/09, Todd Disbrow, 570 Lakeshore Blvd., Incline Village, NV 89451 - NOTICE OF SALE on 6/4/09

821 Golfers Pass, APN 129-280-06, Rec. 2/3/09, John & Kathleen Kehoe, 4617 Gresham Dr., El Dorado Hills, CA 95762 – New NOTICE OF SALE on 6/24/09

649 Alpine View Dr., APN 131-212-13, Rec. 2/2/09, M.E. Bender, 649 Alpine View Dr., IV 89451– NOTICE OF SALE on 5/26/09

Market Update

It has been shown time and time again, that the Incline VIllage Real Estate market tracks the California Real Estate market with a lag of 6 to 12 months.

If that is going to hold true again in this latest real estate cycle, then things you should definitely be looking up here in Incline VIllage very soon.  The reason is that California sales have increased on a year over year basis for the last 9 months.

Furthermore, median prices have stabilized in the last several months in Southern California.  In fact, we have been told that bidding has become rather intense lately on Distressed Properties with buyers often paying over asking price.

New home sales, traffic and optimism are on the rise, according to an April survey of builders across the country.

Have a wonderful week.

Market Update

This past week, we finally had good news on several fronts.

The Federal Reserve announced buyback of up to $700 Billion in Mortgage Backed Securities which resulted in interest rates dropping below 5% again.

If you are thinking of refinancing, do it now!  These kind of rates won’t last forever.  Let us know if we can help.

Tim Gaithner laid out a plan to buy up the toxic assets on banks balance sheets which will free them up to lend.  The stock market really liked this news rallying almost 500 points with many bank stocks showing double digit gains.

The last major piece of good news has to do with the increase in new building permits taken out in February.  This is a leading indicator and the fact that is was up, is an indication that the real estate market may soon be improving.

Let’s hope that the good news continues.

Have a great week!

Market Update

This is the perfect economic storm, but at the same time this is the perfect buyer’s market for real estate.

For example, my parents bought their first house for $36,500.  They had a 30 year fixed mortgage with an interest rate of 11.25%.  In comparison, today’s rates are at historic lows with rates in the low 5% range.

In addition, people are fearful of what is going on in the economy, not knowing if the stimulus plan will work.  With many buyers on the fence, we are seeing some sellers doing fire sales and listing their homes at very low prices.  We are also seeing more bank owned properties and short sales on the market.

Low interest rates and low home prices make it the perfect time to buy a home.

If you are looking to take advantage of our buyer’s market, feel free to email us your property criteria and we’ll be glad to send you some great deals.

Have a great week!

Market Update

In the face of all the negative news and concern over whether or not the new stimulus plan will work, it is easy to become depressed or simply want to bury your head in the sand.

We just want to remind you that we have been through tougher times and survived.  Regardless of what happens to the stock market and the economy, people will want to own real estate.

With the amount of money the government is pouring in to the economy, it is almost a certainty that at some point, inflation will occur.  Who will benefit when that happens?  People who own real estate and real goods.

If you could look back 10 years from now, you would realize that today represents one of the best opportunities we may ever experience in our lifetime to get in to real estate.

It takes courage, but those who are willing to be contrarians and go against the tide will be greatly rewarded over the long run.

Have a great week!