Week 4
January 11, 2008
Part 2 of a 4 Part Series on "Who Is Happy In Today's Real Estate Market?"--Today We Talk About Real Estate Investors.
(Click The Play Button Above To Listen To The Podcast.)
Hello and Welcome to Good News Friday! Today is Friday January 11th 2008. My name is Bruce Karasik.
Each week we bring you good news and positive developments in the Real Estate Market, Mortgage Market, in our economy and our country. In future shows, you will be hearing interviews with key people in the industry from real estate and mortgage experts to economists and other well known business leaders.
In every Real Estate market, there are always those groups of people who find a way to benefit, thrive and prosper. No matter if Real Estate is up or down, or if interest rates are up or down, they act in way that is of benefit to them. Who are these groups and what do the have in common?
Last week we started our 4 part series on who is happy in today’s Real Estate Market. I talked to you last week about how move up buyers are in a position to thrive and are very happy in today’s Real Estate Market. If you have not already done so, I invite you to go to www.GoodNewsFriday.com and listen. In fact, if you miss any podcast, we have archived all or our past shows so you can listen to them at any time.
Today, in part 2 of our 4 part series I will talk you today about another happy group. This group is Real Estate Investors. Why are Real Estate Investors so happy in today’s market?
Anyone who buys a home is technically an investor. The group I want to focus on today are investors who are buying homes today, not to live in, but for a profit. They buy homes and rent them out with the intention of building up equity and securing long term financial security.
With our recent adjustment downward in home prices, and demand, there are fewer buyers to compete with, there are more and more very motivated sellers who are willing to discount the price they would have sold their home for in a market that was rapidly appreciating. With Inventories of homes to choose from still high, investors have are more and more choices to find the best location, condition and price. In the old market homes were selling so fast that investors did not have the time, the selection or the price options. But wait it gets better for investors, with interest rates at the lowest in the last 2 years, the mortgage interest they have to pay has also dropped. And it gets even better for investors, with the adjustment downward in number of buyers purchasing homes, more people are renting homes. That has caused rental prices to soar.
The bottom line for Real Investors today are more choices, better prices, lower interest rates, and higher rents they can charge, all pointing to positive cash flow and profit.
But the key to their success again is having the right advisors and consultants in place so they can have the right strategy. As your trusted consultants and advisors, we at the Karasik Team work in our unique ability. My unique ability is consulting, negotiating and overseeing the transaction details. We take a customized approach and enable our clients to make informed decisions to accumulate wealth through Real Estate.
The purpose of my business is for you to be so outrageously happy with the level of service we provide that you will gladly refer a couple of people to me before the transaction is over.
So group number two, of the four happy groups in today’s Real Estate Market are, Real Estate Investors. We invite you to join us next week when I will talk with you about another happy group in today’s Real Estate Market.
We continue to believe that homeownership will remain to be the best avenue for American families to secure their financial future. I look forward our continuing dialog and we invite your feedback. Please feel free to email me at Bruce@TheKarasikTeam.com, call me at my office at 805-267-0366, or you can post your responses on our blog at www.GoodNewsFriday.com.
So we do have some good news to be grateful for. And so, my friends, I wish you and your families a Happy, Healthy, and prosperous New Year. And that’s it for now. I’ll see you back here next week for another episode of Good News Friday!
