I mentioned recently that my spouse and I are looking into buying an investment property. Specifically, a condo. Well, this week 2 other condos with the same square footage and layout, only 2 doors down from the one we’re considering, came on the market. The asking price on each of these condos is 25% more. Hmmm. The descriptions don’t make either sound like they have a fabulous gourmet kitchen or spa bath. So what gives.
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Did you know that in 2006, 73% of all US households owned a dog or cat? We sure do love our four legged companions. But how do you minimize the impact of your beloved fluffball when you’re trying to sell your home? First, you want to make sure that you either remove your pets from the home for all showings, or have them crated with a “Do Not Disturb” sign. You never know how your
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It’s getting hot in here…well, for some pockets in town. If you’ve never used Trulia’s heat map functionality, check it out. You can search for Average Listing Price (by week) by state, town, or county. Additionally, it provides historical Average and Median Sales Price data and average Price per Square Foot. It’s a great snapshot tool to understand how your neighborhood is trending.
Major news outlets periodically publish housing data for US metro areas. This week’s version was reported by CNNMoney and is originally from Fiserv Lending Solutions. It’s a forecast of growth from April 2007 to April 2008 and a couple snapshot statistics. Although I’m not familiar with Fiserv, the forecasts are in line with others that I have seen since the beginning of the year. There are two interesting points about our area in this report
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After sitting on the sidelines for a few years, I’ve decided that this is the year I’m going to start personally investing in real estate. I’ll be sharing my thoughts and learnings as I go through the process. This past week, I think I may have found a good condo property. There are a few issues though. It’s a small building and 40% of the units are currently rented. If I buy, the rental-to-owner ratio
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