When looking for Luxury Homes in Grand Junction you want to consider hiring a local luxury home expert. There are some great areas in Grand Junction for Luxury Homes such as the Redlands Mesa Golf Course. When deciding to choose your luxury home specialist consider the Real Estate Diva Team in Grand Junction, CO.
Have you recently been hearing people chatting about the great bank owned and foreclosure deals that are out there but can’t quite seem to get a grasp on where to find em? It’s actually very simple. When a home is going to foreclosure it will first show up on the public auction list. Not too many homes sell in this phase of the foreclosure process as buyers must have the funds available to purchase the home by 1pm the day of the auction. When the house fails to sell at public auction, it then returns to the lender and becomes bank owned real estate or REO. These are then re-listed with a real estate agent on the MLS. This is where most buyers find these great deals and you can too. As a real estate agent, I have several tools at my disposal. I can create a current list of foreclosed bank owned homes from our local MLS and simply print this or email it to you. Since these properties sell rather quickly, the list obviously changes from day-to-day. I can also go into the MLS and set an email alert for my clients based on specific criteria such as: bank owned, 3 bed, 2 bath in the city. My client would then receive a daily email straight from our MLS system with the most updated bank owned homes currently available. The email would include pictures, details about the property and lending available. When you see a property you are interested in, simply shoot me an email or give me a call and we will go and see it. Or we can also set up a day and preview a number of bank owned homes. It’s really that simple. So what are you waiting for? Let’s get you set up today. Call the Real Estate Super Diva 970-201-3578
“Let history be our guide” as the old adage says, and that’s exactly what we need to do when it comes to our current economic situation and more specifically our current real estate market.
Real estate has long been a strong investment. Throughout history we can see those that invested in buying up real estate have set themselves up in an advantageous position for their future. How can you try to do the same?
As many Americans are taking their money out of the stock market, because of the failure of the financial market many more are taking advantage of investing their money in real estate.
I have spoken with many individuals that are so scared about the economy, that they cannot see the forest through the trees. When I tell them that they should invest in real estate they seem a bit confused, the reason being with home prices falling, they think that it is a failing market. The funny thing about real estate is that it is a finite commodity. We cannot make more land, and everyone needs a place to live, so individuals will either buy a home or rent a home. And even if property prices fall dramatically, as the old adage goes, “time heals all wounds when it comes to real estate.”
Learning from History
Take for example John D. Rockefeller Jr. During the Great Depression developed land and was the sole financier of a vast 14-building real estate complex in the geographical center of Manhattan, Rockefeller Center, and as a result became one of the largest real estate holders in New York City. *
I know here in Grand Junction, CO that some of the wealthiest people are ones that bought up a lot of real estate in the Grand Junction area in the 1980’s when the oil shale industry closed up shop and moved out of town. The local economy as well as the national economy was in a downward spiral at that time, similar to today. As the market started to recover they started to develop the land or sold it off and are now financially set.
What a Deal
Let’s take a look at a great deal. In Tolleson, Arizona, just outside of Phoenix, there is a 4 bed, 2 bath, single family home listed for $110,000. What a steal. Even better are the 4-plexes for sale near the colleges and universities in Phoenix that are listed around the same price as this home, and are fully occupied with renters. Naturally this equates to immediate cash flow.
Obviously invest in areas that are desirable for people to live in. Waterfront property is always sought after, as well as warmer and more temperate climates.
Make sure you have investment goals for the real estate you buy. Is this setting you up for retirement, helping you build up your portfolio by attaining more assets. Then when you are looking at purchasing property you can have a gauge to go by.
Earlier this year congress voted in the $8000 tax credit to help first time home buyers. You must close on or before November 30, 2009 to receive the credit. Those who have not owned a home in the past 3 years also qualify for the tax credit.
NAR (National Association of Realtors) is trying to extend the tax credit for 2010, and even make it better. However it is not a sure thing as of now.
With interest rates low and home price in Grand Junction, CO and nearby areas, low it’s a great time to take advantage of the market.
In some cases you can use the $8000 tax credit to help with closing costs.
Check out www.HousingMarketFacts.com for more informaion.
Andrea Haitz, Realtor
Keller Williams Grand Junction Realty LLC