Monument Market Report-September 2007

11.27.2007 | 7:11 pm | Real estate investing, Moving companies, Selling Your House, Free credit check, Residential Listing, Market research, Advice, Investing, Markets, Builders, News online

September is in the books, so it’s time to take a good hard look at how the Tri-Lakes market did through September of 2007

There were 37 new homes listed for sale. The average list price of these homes was $492,655

There were 11 homes that went “Under Contract”, the average list price of those homes was $429,463

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Pat Kitano of Transparent Real Estate Tagged me…

11.27.2007 | 7:11 pm | Finance, Real estate investing, Moving companies, Apartment rentals, Rentals, Houses for Sale, Real estate news, Markets, Market research, Real estate

I was meme tagged by Pat Kitano of Transparent RE.com. A meme [mem ] is described by the American Cultural Dictionary as “A unit of cultural information, such as a cultural practice or idea, that is transmitted verbally or by repeated action from one mind to another .”


Huh?

Insuring a multi-family property

11.27.2007 | 7:11 pm | What's My Home Worth?, Apartments, Real estate investing, Moving companies, Find an apartment, Apartment rentals, Residential Listing, Commercial and Businesses, Builders, Investing, Properties, Houses for Sale, Rentals, Great property

I got through my Friday the 13th closing with no problems, so I’m now the happy owner of a new four-unit property in the Montrose section of Houston.

More woes for the sub-prime mortgage market :: What it means for investors

11.27.2007 | 7:11 pm | Mortgage rates, Moving companies, Buying a House, Selling Your House, Free credit check, Real estate investing, What's My Home Worth?, Markets, Market research, Houses for Sale, Finance, Investing

Earlier this month I commented on how players in the sub-prime market were taking a beating.

Study shows economic benefits of MLS® home sales

11.27.2007 | 6:11 pm | Residential Listing, Real estate investing, Moving companies, Selling Your House, Houses for Sale, Market research, Great property, Real estate news, Markets, Properties, Real estate

Average home sale yields $32,200 in additional consumer spending.

OTTAWA – June 12, 2007

The resale housing industry in Canada generated more than 158,000 jobs and an average of $15.3 billion annually in the period from 2004 and 2006, according to a study prepared for The Canadian Real Estate Association by Altus Clayton.

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Investors: watch out for bias in the media

11.27.2007 | 6:11 pm | Real estate investing, What's My Home Worth?, Moving companies, Home improvement ads, Improve house, Selling Your House, Finance, Houses for Sale, Investing, News online, Real estate news, Markets, Market research, Real estate

Figures released last week indicated a contraction both in housing starts (lowest level since 1997) and in median sales prices.

Gibson - Richards - Imus :: Lessons from the Trifecta of Stupid

11.27.2007 | 6:11 pm | Moving companies, Recent home, Real estate investing, What's My Home Worth?, Investing, Real estate news, Real estate

Admit it: you like watching a train wreck as much as the next guy, and it’s been strange and fascinating to watch this trio of media heavyweights self destruct with their stupid, racist statements.

A new image for the Real Estate Bubble?

11.27.2007 | 6:11 pm | Moving companies, Real estate investing, Mortgage rates, Buying a House, Free credit check, Finance, Commercial and Businesses, Real estate news, Investing, Markets, Your business, Market research, Real estate

Okay, here’s a new way of looking at things: perhaps irrational exuberance isn’t the bane that we thought it was. Okay, maybe investors took a financial bath by loading up on tulip bulbs back in the 1600’s or shares of pets.com in the 1990’s - but hey, they were contributing to the greater good!

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“Subject To” Real Estate Investing

11.27.2007 | 6:11 pm | Real estate investing, What's My Home Worth?, Finance, Residential Listing, Moving companies, Mortgage rates, Selling Your House, Apartment rentals, Recent home, Rentals, Houses for Sale, Investing, Advice, Great property, News online, Real estate news, Markets, Market research, Properties, Builders, Real estate

I have heard a lot lately about “Subject To” real estate investing. “Subject To” is when you purchase an investment property subject to existing financing. The seller keeps the current loan on the property in place and a separate agreement is signed to make it available to the investor and eventually the buyer’s use.

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An often overlooked factor in selecting a tenant: two things to think about

11.27.2007 | 6:11 pm | What's My Home Worth?, Commercial and Businesses, Real estate investing, Moving companies, Selling Your House, Apartment rentals, Rentals, Houses for Sale, Investing, Great property, Real estate news, Builders, Your business, Properties, Real estate

In January I announced a resolution for the New Year to sell a high-end property that had accumulated some equity and reinvest in a multi-family that generates better income.

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