real estate: Sioux Falls South Dakota Real Estate August Report
- 09/19/08 11:27 AM
Sioux falls continues to be a stable and strong market compared to many other parts of the country. Foreclosure rates remain relatively low, and we continue to maintian a strong economy including a low unemployment rate. I would like to share with you some recent monthly statistics according to the REALTOR'S Association of the Sioux Empire (RASE). New listings have increased -19.9% since the same time last year. But are only down -8% year to date from the same point last year. The average sales price for the month of August has decreased 1.4% to $173,453. But down 6.6% over the last year averaging $160,384. … (2 comments)
real estate: Top Tips for More Referals
- 07/12/08 09:05 AM
1. Be Professional (dress professional, follow thru, do what you say you will do) 2. Consult - (don't sell) 3. Refer to them - build key group of other professionals that you refer to and ask that they refer back 4. Reward - Make sure those that refer to you recognize your appreciation (simple as Thank You card) 5. Value - show your value as an asset to getting the job done right the first time … (1 comments)
real estate: Real Estate vs Stock Market
- 07/12/08 04:32 AM
Investments: Why is real estate a better investment than stocks and other investments? One word - Leverage! Example - say you have $100,000 to invest. How much stock can you buy with $100,000?- $100,000 in that stock of course. How much property can you buy with $100,000? You could buy 1 $100,000 property; you could buy a $200,000 with a 50% mortgage Or you could easily buy a $500,000 with this $100,000 as 20% down! Now you have a property that if purchased right will bring in monthly cash flow. It also builds in equity over time, you can depreciate the … (2 comments)
real estate: Top 10 Reasons to Invest in Real Estate over the Stock Market
- 07/12/08 04:29 AM
Top 10 Reasons - Benefits of Investment Property over Stocks: •1. Leverage - mortgage allows to by more property for the money •2. Cash Flow - money left over after expenses and loan payments •3. Principal Reduction - tenants pay down your mortgage •4. Income tax savings - due to IRS rules, depreciation allows for income to be tax sheltered •5. Appreciation - over time the property increases in value •6. Insurance - you insure your property against catastrophic events •7. Local - can drive by your property to look in on in whenever you want •8. 1031 Exchanges - deferring … (4 comments)
Sioux falls continues to be a stable and strong market compared to many other parts of the country. Foreclosure rates remain relatively low, and we continue to maintian a strong economy including a low unemployment rate. I would like to share with you some recent monthly statistics according to the REALTOR'S Association of the Sioux Empire (RASE).;)
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