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Is It All About Numbers Or Is It About Emerging Markets?
Is It All About Numbers or is it About Emerging Markets?
By: Mary Stewart
Keller Williams-Jacksonville, Florida
Is it ALL about the numbers? For an investor, numbers are only the starting point in evaluating a property.
If the numbers work and the ratios are right, you are off to a great start. However, there are other factors that must be considered in choosing a great investment property.
Recently, I read The New Rules of Real Estate, by Spence Rascoff and Stan Humphries, and they referenced additional information that should be considered.
They noted the old familiar maxim, “Location, Location, Locations” is partially true but, more accurately, should be stated “Future Location, Future Location, Future Location”. The changes that take place around a home will define the value, whether you choose to live in it or buy it as an investment.
Change follows predictable patterns that need to be understood before making an investment in real estate. A neighborhood should be viewed, not for what it currently is, but for what it’s on track to becoming.
Sometimes, the best strategy is to buy a home in the neighborhood that is up and coming. Good indications of emerging neighborhoods are:
Revitalization in neighborhoods with a lot of old ... more
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