5 Things Pro Investors Know

Those who consistently make money in real estate know the market. They know the location and the history. They investopedia_logo.jpgknow what new developments are planned. They know the transportation and the schools. They know everything about the area where they invest. They have to know it all.

Staying ahead of the competition in real estate investment means doing your homework. If you are new to the business, it can be daunting, but we’ll teach you five tricks that the old pros use to get ahead of the trends instead of chasing them……….

Some Housing Markets Hot Again

Some Housing Markets Hot Again, According to ZipRealty Q4 2009 “Home Hunter Report”marketwire
Phoenix Is Most Coveted City by Online Home Hunters in 2009

These are just some of the highlights revealed by ZipRealty’s report released today, which identifies where home sellers are fetching the highest offers compared to their asking prices among 33 markets the brokerage serves. Highlights from the ZipRealty Q4 2009 Home Hunter Report, which also identifies which cities nationwide are most highly searched online, include:…….https://i1.wp.com/weblogs.sun-sentinel.com/news/weather/hurricane/blog/hothouse_logo_2.jpg

Home sales rose in ’09 as prices plunged 12 pct.

, On Monday January 25, 2010, 3:26 pm AP - In this Jan. 5, 2010 photo, a home is seen advertised for sale in Alameda, Calif. Sales of ...

WASHINGTON (AP) — Sales of previously occupied homes rose in 2009 for the first time in four years, despite a December slump that was due to a tax credit that had caused many buyers to complete sales earlier.

Still, prices plunged more than 12 percent last year — the sharpest fall since the Great Depression. The price drop for 2009 — to a median of $173,500 — showed the housing market remains too weak to help fuel a sustained economic recovery. Total sales for 2009 were nearly 5.2 million, up about 5 percent from 2008  

read

10 Cheap Ways to Boost Your Sales Price

Luke Mullins, USNews.com

Jan 13th, 2010 https://i2.wp.com/www.real-estate-australia.com.au/www2/agts/6849/Image/sellingtips_img.jpg


As the temperature drops and the snow piles up, it’s easy to forget that spring is quickly approaching. And after more than three years of a painful housing swoon, real estate experts predict that lower prices, attractive mortgage rates, and a tax perk from Uncle Sam will create the most vibrant spring home selling season in some time. “This is going to be probably the most pleasant experience for a home seller in the last four or five years,” says Mike Larson of Weiss Research. “If you have been beating your head against a wall, this is going to feel a lot better.” But even if the market does perk up, buyers are likely to retain the upper hand throughout 2010. So to help property owners get the best selling price they can–without burying themselves in expenses–U.S. News has created a list of 10 cheap ways to boost a home’s sales price by spring:  read here

Homebuyer Tax Credit — Revised November 2009

Note: I highly recommend you discuss this with a qualified tax professional BEFORE entering into a listing, sales, or purchase agreement,

Here’s the basics:

Tax Credit Updatehttp://backyardwealth.files.wordpress.com/2009/10/8000_tax_credit.jpg

The Extended and Expanded Tax Credit agreement includes the following provisions:

Amount:  $8,000
Who:  First -time homebuyers-same definition as current law

Amount:  $6500
Who:  Repeat purchasers.  Must have used previous home as a principal residence for 5 of the 8 previous years.
Income Limits:  $125,000 for single filers/$225,000 for joint filers.  Same for both first-time and repeat/move up buyers.

Limitation on cost purchased home:  $800,000

Time Frame:  November 6, 2009 to April 30, 2010 (As reported by the Federal Housing Tax Credit Website)

Click here for more information and updates.

For a simplified pdf chart click here.