Archive for November, 2008
A survey of Lilburn Area Deals, part IV
Posted By Lane Bailey on November 20th, 2008
This is the final part of this grouping. We started with an entry level fixer-upper, priced at just under $100k. We moved up a little to a property in the mid-high $100s. The third property was priced in the low $200s. This final property is the one that may actually be the best deal… and it is the most expensive, listed in the
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A survey of Lilburn Area Deals, part III
Posted By Lane Bailey on November 19th, 2008
The second to last stop on the survey is a house in the low $200k range. Comps are varied for the neighborhood, but the most recent sale was over $300k… but it was a bigger house. Other recent sales were in the low to mid $200k range. This home is priced at the bottom end of the range. More interestingly is the sales price history for this home. It sold for over $300k just this summer. Previously it sold in the very high $200s and the mid $200s in 2002 and 1999. In the current market I would say that this property has between
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Is now the time to invest in Gwinnett County housing?? Yes
Posted By Matt Hermes on November 19th, 2008
I saw a very interesting and relevant article on msnbc.com this morning and thought that posting portions of it would be useful to those persons who are in the market to invest in real estate. As I have said for the past two or three months, now is the time to invest in real estate and this article mirrors my take.
From msnbc.com’s Jane Hodges:
Falling prices and rampant foreclosures are not the stuff of healthy housing markets. But to some real estate investors, the dismal market can signal that it is time to invest.
So what if cities like Phoenix and Las Vegas have regularly appeared on RealtyTrac’s list of top 10 foreclosure markets quarter after quarter? Or if the National Association of Realtors is reporting that more than one-third of all existing homes for sale in America are “distressed,” meaning they’re in foreclosure or approaching it?
To some investors, the persistent price declines and prolonged sales downturn signal something positive: The possibility of future profits.
Just ask Christopher Yates, president of CM Yates Real Estate Investment. Yates, who is based in Colorado, has invested in residential real estate since 2003. He bought a Las Vegas home for $226,000 in 2003 and sold it about a year later for $370,000, making a tidy profit. He’s avoided Las Vegas since 2005, but is now planning a return — by way of Phoenix, another hard-hit market.
“It’s time,” he says. “The Las Vegas area is really landlocked, and prices have to go back up eventually.”
A survey of Lilburn Area Deals, part II
Posted By Lane Bailey on November 19th, 2008
Greatroom
The next stop on the Deal Train was at a slightly bigger and more expensive home. Instead of a 3 bedroom, 2 bath ranch, this is a 4 bedroom, 2½ bath traditional with a front porch. If you didn’t hit part I, you might want to check it out.
It has a giant yard, coming in around 2/3 acre. There is even an
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Hamilton Mill Deal of the YEAR!
Posted By Matt Hermes on November 19th, 2008
We have a home in Hamilton Mill that is going to make someone some serious cash. Originally listed at over $370,000, this home has just gone back on the market and is priced at around $300,000.
This home is a five bedroom, four bath, with a large kitchen and family room, separate dining room and living room. One bedroom on main plus four large bedrooms upstairs including the master.
Unfinished basement and is priced to sell.
This is an investor special and it will not last at this price.
Give me a call to get more details.
Matt
770-402-2819
