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hot spots: Three mistakes we see most every real estate pro make - 05/22/07 03:42 PM
We work with thousands of real estate professionals (RE agents, LO's, 1031 exch agents) across the country. We have found there are 3 common mistakes most all of them make.
1) They have a tendency to "commoditize" their business. They look and to the prospect just like all the rest. Instead of finding new ways to differentiate themselves and create a USP (unique selling proposition), they use the same old sales tactics than seem to have worked for years. "Just sell yourself", "Create and develop at relationship with your clients/prospects". These are defiantly a must, but the problem is the "average" prospect had advanced … (1 comments)
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hot spots: Have You Performed Your Real Estate ‘Check Up' Lately? - 05/15/07 11:12 AM
If you invest in real estate, it's worth your time to perform a periodic portfolio performance evaluation. NAR and OFHEO both released updated statistics supporting a current cooling of the housing markets across many cities nationwide. This national cooling could be significantly impacting the performance of your real estate portfolio. The questions you must ask are (1) whether, (2) how significantly and (3) what can be done if your current real estate holdings are being affected by these localized pockets of cooling.
Portfolio Compression Strategies
Real estate investor, David Robertson is the perfect example of this situation. David has owned an investment … (0 comments)
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hot spots: Is Salt Lake City still Undervalued and a Real Estate Investment Hot Spot? - 05/14/07 11:52 AM
In 2006, Salt Lake City screamed to the top of the national appreciation list as values rose by about 20%. On the heals of this national exposure, several recent reports promote the area as remaining undervalued. Is it undervalued? Is it still a good real estate investor buy?
According to weekly data compiled for over 12,000 cities by Signil, the median asking price of a single family home in Salt Lake City is hovering right around $315,000. The Wage Adjusted Median Home Price falls significantly below the actual median at only $267,000. The local wage adjusted median home price is an adjusted median … (0 comments)
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hot spots: Should you invest locally or nationally? - 05/11/07 04:52 PM
This is a tough question and the answer depends on a few key factors such as:
What your real estate investment objectives areHow your real estate plan maps your investment objectivesWhat market conditions are currently like in your areaWhat information sources you have to help guide your decisionsOne of the first things to consider in developing your real estate plan is whether you are oriented towards an income or growth strategy. In real estate terms this is simply appreciation or cash flow.
All too often, real estate investors balance their portfolio too early toward an income strategy, thereby missing the leveraged growth … (3 comments)
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hot spots: When it's HOT, it's HOT - 05/08/07 01:42 PM
AP just reported that Raleigh NC is getting an additional 650 jobs. WOW!!When it's hot, it's hot.
Over the last 10 months the average home has appreciated 11.93% and the average price for a condo/townhome is up 12.80%. Just when NAR (National Assoc. of Realtors) is reporting home prices will drop for the 1st time since 1968.North Carolina shows how select markets can and will buck the national averages. Another example why we all should educate our clients and prospects to market cycles and trends.
Market research, continued education, persistance are the key ingredents to success.
"An investment in knowledge always pays the … (2 comments)
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hot spots: Two Things Every Real Estate Investor Must Have - 05/05/07 04:37 PM
Confidence, thats what every RE investor must have before they decide to buy. They want to feel good about the property, the market the property is in and a good idea where that market is heading. If their goal is appreciation, then they must feel confident the growth rate is sustainable. If their objective is cash flow, then rental & vacancy rates must not move against them, creating a negative cash flow situation.
The only way to make the investor feel comfortable is to supply them with up-to-date information that backs up statements from you and what they see and hear in the media.
The problem … (0 comments)
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Dan Matheny
Arvada,
CO
More about me…
SFG
Cell Phone: (303) 946-0432
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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