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Dunedin Real Estate – Value and Lifestyle

Article by Treena Drinnan

Welcome to the very first in a series of weekly video lessons by Quick Turn Real Estate guru and “millionaire maker” Ron LeGrand. Each week, Ron will introduce a lesson topic. For lesson #1, Ron discusses “Determining The Market Value Of A Property.” He’ll also take time in the video to address the BEST OF YOUR QUESTIONS as submitted to us each week c/o: weeklyreport@ronsgoldclub.com Ron asks that all questions be short, concise and addressing real estate topics that will be of interest to all viewers. …………………………………… Ron LeGrand’s Gold Club Weekly Report is emailed weekly to over 25000 people and is available for FREE to anyone requesting that they be added to our list of subscribers. The Report typically features a PLANET RON video, articles on topics ranging from Ron’s Quick Turn real estate methods to pieces on goal setting, time management, blogging and generating new revenue with online affiliate programs. You’ll also find humor, links to smart phone & iPad apps, the latest business resources, motivational quotes, “Ronisms,” and more. To request you be added to our growing email list for Ron LeGrand’s FREE Gold Club Weekly Report, email us today c/o: weeklyreport@ronsgoldclub.com mailto:weeklyreport@ronsgoldclub.com
Video Rating: 5 / 5

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Huntsville AL Real Estate Values Up 5.8%

Article by Adam J Morien

According to the Huntsville Times, median home values are up 5.8% to 5,000 in Huntsville Alabama real estate. The Huntsville Area Association of Realtors said that 454 homes were sold in August, which is 15.8% down from July and 17.9% down from 2007. While housing sales are slowing a little, the prices are rising.

“Any time you see that opposite movement, that means it’s a desirable place to live and buy a house, despite the economic conditions,” explains HAAR director Oscar Gonzales.

Even though nationwide sales have dropped 13% and median sale prices have dropped over 7%, Huntsville AL real estate seems to be a little sluggish compare to the dynamic 2006-2007 year (which was the third-highest of all time); but the homes are certainly retaining their values. According to local real estate expert John Allen, house prices are selling at 98% of their list price, with most homes selling in the 0′s. Over all, Madison County homes saw a 28% increase in home values from 2007-2008, which is a much better return than the stock market! He added that a lot of the house-flippers and speculators appear to have dropped out of the market, leaving fair and affordable prices. Additionally, 30-year fixed interest rate mortgages are at a 40-year low for those who have the credit to qualify.

Increased employment opportunities, resulting in 16,000 new high-tech jobs, has fueled a lot of the steady Huntsville Alabama real estate growth. Since 2000, the population has increased by 44,000 people and is expected to grow another 2% each year. The city has attracted much attention in recent years, receiving prestigious distinctions such as: Milken Institute’s “Fifth-Best Performing City,” one of the Wall Street Journal’s “Top Ten Metros for Business Vitality,” one of the “Forbes Leading Cities for Business,” one of MSN/Sperling’s “Top Ten Cities for Job Growth and Affordability” and Coldwell Banker’s “Most Affordable Residential Real Estate Market.”

“I think that we have a very healthy economy in Huntsville,” said Huntsville AL real estate broker Tommy Adams. “A year or two ago, they had looser guidelines and people were buying homes who should not have been. Incomes here are good, and there’s a lot of selection. It is harder to get someone to qualify, but people with high credit scores are getting good interest rates.”

“The local numbers show that we are still in a growth market,” said John Allen, president of the Madison County Builders Association. “When you put this year’s numbers next to last year’s, it’s important to remember that last year gave us record numbers. Our market remains healthy.”

About the Author

Huntsville Alabama real estate values have risen steadily over the years as the job market continues to thrive. Even though the nation has struggled, the market never really built up an over-priced “bubble” so there wasn’t far to fall.

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Why “Following the Herd” Mentality In Commercial Real Estate Investing Leads To Failure

Article by Duncan Wierman

As real estate investors are looking for new entry opportunities and ways to make bigger profit in the current economy, much of the typical and conventional “wisdom” that may work for some may not work for all.

A prime example is the so-called Commercial Gold Rush Foreclosure “Opportunity” This example of over-hyped real estate information from marketing gurus, is all about the “huge” profits to be made with commercial foreclosures. There are quite a few new expensive real estate courses being sold by these self-proclaimed gurus who seem to know everything about marketing and sales in the industry. But do they?

Thousands of new investors have been essentially taken in with these products. They have been enticed with the promise of quick profits and real estate success. The sales pitch about the opportunity involves snatching up distressed real commercial property and then quickly selling it for a profit. Their idea revolves around the assumption that building owners just want to walk away from their troubles by giving the property back to the bank. Since many banks do not want the bad debt, it goes to the assumption there are some good profit-making opportunities.

Typically, these courses purport to include information on where to look for foreclosure opportunities or how to legally “steal from banks”. These commercial real estate courses also teach methods for “capitalizing” on property owners in distress. The sales pitch is that all the new investor has to do is simply put new management in place, get the building rented out, then turn around and sell the property for “massive” profits. Since this is the “valuable” information they taut that give investors the inside track on how to get a hold of these so-called “goldmine” opportunities, it’s no surprise that new real estate investors have been buying (into) these types of products in droves!

The Flaw with Commercial Foreclosure Opportunity Products

On the surface, especially for newbies, the opportunity that could have them making huge amounts of profit is tempting and seems rather legitimate. However, these real estate courses are definitely not for everyone and frequently teach the process in much simpler detail than what it really takes to succeed in Commercial Foreclosures.

What DOES work in today’s real estate market is getting back to the basics of real estate investing and learning from the ground up! Though money may not come as quickly, the building of relationships builds credibility! This is KEY as a real estate investor, whether new or experienced. It is fundamentally VITAL to your success. In these economic times it can be difficult for anyone but especially for the “newbies” just coming on to the scene.

TRUE success in the real estate investment field involves market research, figuring out which commercial foreclosures represent good opportunities, and finding buyers for those properties. Finding buyers, especially in this rough economy is tough, it takes practice, it takes experience to know how to be a success in this business.

Like the California Gold Rush of its day, this “Commercial Gold Rush” will have both winners and losers, too. If you remember your history your will recall there were far few winners… True, some experienced investors and some new real estate investors can profit from these opportunities that are created by commercial foreclosures, BUT the many inexperienced individuals who have been falling for these fly-by night, expensive real estate courses promising RICHES are only doomed for failure. I highly recommend not becoming one of those “Sheeple”, following the crowd over the cliff… and Investing in Commercial Real Estate the tried and true way!

About the Author

Duncan Wierman is the creator of the Short Sale Automation System that real estate investors are using to streamline the process of short sales. For more information, go to http://www.ShortSaleAutomation.com

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