Real estate is tangible Real estate generates income I’m in control – not Wall Street Real estate has sustainability Real estate gives people a place to live Real Estate is local I can trade real estate I can leverage real estate I can gift real estate I can live in real estate I can borrow ...
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“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain” by Robert Frost. Income. The life blood of real estate. Banks will lend you money, and estimate the value, on the income real property earns. Here’s how it works: The Income ...
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Ahhh…the good old days of under supply, increasing values, less than 90 days marketing times. Something we used to know back in 2004-2006. We call this a seller’s market. Bidding wars. Values in East Fort Walton Beach are increasing. By example, the average sale price has increased +3% YOY YTD while the median has increased ...
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Take these three steps when buying real estate: Choose an agent you like. You’ll be spending important time with them. (People like Jennifer.) Choose a brokerage that provides Logic and Reason. (People like my logic and reasoning.) Choose a brokerage who knows Price AND Value. (We are both appraisers and know price and value are not the same.) I ...
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IBM says “Big data is more than simply a matter of size; it is an opportunity to find insights in new and emerging types of data and content, to make your business more agile, and to answer questions that were previously considered beyond your reach.” Processing mass quantities of data. My response: So what. I ...
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When is supply and demand in balance? Theoretically, never. Answer: In our area, supply and demand are in balance when there is a five-to-seven month supply. A shortage of inventory would be less than a five months inventory. I don’t know what is happening in Pensacola, Washington or Montana. And don’t care. I do know what ...
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