Ultimate Real Estate Newsletter 7/22/16 Edition

Unlimited Real Estate Magazine

Knowledge is everything in Real Estate

Arizona Discount Listing Service Starts at $995

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Listing Service Ohio Howard Hanna

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Finished Income Property in Mesa Az $900+ a month

Our team got the two properties we purchased for some clients income flowing with quality tenants in Mesa Az.  The clients are very happy with the results and getting ready to buy more. The projected rent on this property was $1300 a month we rented it for $1275 a month.
We helped these investors get the right type of income real estate for their portfolio. These properties are in great areas and should also see appreciation over time. Phoenix is a great place for income real estate because of the Landlord Tenant laws and the high concentration of quality tenants.
Our team help handle all the minor repairs that were needed. We also marketed the property and got the home rented. Call Brett today to look at the opportunities we have in the Phoenix Az area. Look at what I said about this property below and look at the $900+ net a month income. Century 21 is managing this property.

Just picked up a another income property in the Mesa Arizona area.  These properties are ready to go, and we have them inspected before you purchase in most cases.  They need little or no fix up.  This property is in Mesa Arizona the second biggest city in Arizona.  The home was built in 2002 it is a 3 bedroom 2 bath home 1357Sq feet.  These properties get quality tenants and are low maintenance.

Lets go over the approx numbers on this property.  Cost if this property is $175,000 and the rent is $1275.
Rent___$  1275 a month
Taxes__$___ 81 a month
HOA___ $      72 a month
Insurance $  60 a month
Property Management
______$130 a month
Net proceeds_$ 932 a month.
Buying a home warranty will also help defer the maintenance cost for these types of properties. We also can assist in management of your property if needed.
Call Brett 602-363-6551 West USA Realty Arizona

Look at this Home Rehab before we bought it and after then consider getting one yourself

Whether your looking at getting a property for your portfolio or to live in, getting the best deal should always be your goal. Think about getting a property that you can rehab with all the bells and whistles your budget can afford. Just think of moving in a home that was rehabbed just to your needs?

This property is a great example of a home that needed some work on a golf course. Look at the difference in the home after we completed it. Before you look at these homes consider buying a fixer upper for yourself and enjoying a great rehabbed home. I have the licensed contractors to help you get your property the way you want it.  You may also have your own licensed contractors that you like to work with….either way I want to be your Realtor

I have a lender that knows how to structure these types of deals for fixer uppers so that you can get your construction money for your remodeling if you do not have one. He will work directly with you and show you programs that may work for you.

Call Brett 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty

BEFORE

             
AFTER

 

The Very Worst Home-Pricing Advice You’ll Ever Hear (and Why)

This article comes from http://www.realtor.com/ by Margaret Heidenry that talks about some of the misconceptions of home sellers.

“‘Price the house based on what you feel is right’”

“Why you might hear this: Nobody but you knows that it took you forever to lovingly nurture those dahlias in your front yard into the best on the block. So naturally you, and only you, know what your home is truly worth.”

You also have to look at the sold properties in your area and also look at the days on market.  This is crucial to knowing the value of your home.  Also updated homes and homes with more bathrooms usually go for the most money. I consistently add bathrooms when needed in older homes. Just finished a home with 1 1/2 baths, we added 1 full bath and made the half bath full also making this home a 3 bathroom home. Make sure the sold property you are looking at to price your home is similar in size and upgrades. When economically feasible add upgrades and they can make your home sell faster and more money.

” ‘Add the cost of renovations you’ve made to your price’

“Why you might hear this: It took you the entire summer—and tons of cash—to lovingly rehab that kitchen. But hey, all that money, and maybe more, should be recouped when you sell, right?”

Anytime your looking at rehabbing a home make sure you look at the properties around you and see what the upgrade will do for your home in value. For example I sold a home in Beachwood Ohio that was updated throughout and I added a new bathroom.  The two sold properties on that street were not updated and sold for less than I was asking.  After I sold the property the appraiser gave me the higher appraisal because I had done my homework.  There were a couple of homes less than 1 mile away that were updated and sold for what I was asking.  I sent that information to the appraiser along with before and after pictures of the home and got the appraisal.

“‘If you get a lowball offer, don’t even bother to try negotiating’”

“Why you might hear this: Someone who comes in way under the asking price just doesn’t have enough dough to ever afford your home. And frankly, certain offers are insulting.”

Had many low ball offers, but sometimes if you counter their offer, they work out for you. One home I remember in Lakewood Ohio was a family that was moving here from Chicago, they turned in an extremely low offer . When I looked at the reasons they wanted the home I countered back almost full price and I told them that was the best and final. They excepted the offer and live there still today.

When you get a low offer it cost nothing to counter it.  You might also look at the people that made the offer and see what their needs are. Your property may be the only choice they have.

Getting over 400 homes sold quickly and counting.  Call Brett 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona

Private Money for Real Estate Information

COMING SOON

New listing totally rehabbed home on the Golf Course

Lovely home on the 2nd hole of the Tanglewood Golf course that has a nice sized backyard and has been totally remodeled.  It is a 5 bedroom 4 bath home with a double car garage. The updates include a new kitchen, new bathrooms, wood flooring, new finished basement, new windows, new roof , new garage doors, New interior and exterior paint, new heater and A/C, New stainless steel appliances and much more.
The property has all the amenities that include golf, walking paths, tennis courts, basketball, beach , and country club area. Enjoying the area in a gorgeous house is what life is all about. Call Brett
 216-703-5740 Howard Hanna 
Not many listing in this area for this price, Move in ready and rehabbed like new
 Call Brett 216-703-5740

Northeast Ohio home sales were up 6.9 percent in June; prices also rose

Home sales are on the rise and prices are to according to a report from http://www.cleveland.com/ by Michelle Jarboe, The Plain Dealer

“In Cuyahoga County, buyers snapped up 1,686 houses and condominiums last month, marking a 14 percent increase in purchases from June 2015. Summit County sales posted a 2.7 percent annual gain. A handful of counties did experience a relative slowdown in sales, but many of those counties see very few transactions – less than two dozen in Coshocton last month, for example, and only 15 in Carroll.”

In Cuyahoga County the sales were up 14% from last June. That is a huge increase in sales. Cuyahoga County is were all our focus is to purchase homes. Having the nice Real Estate and all the amenities that Cuyahoga County cities have, makes living there very desirable.

” In June, the average sale price for a house in the region was $166,842, up 9.4 percent from May and up 4 percent from a year before. The average sale price for a condo was $142,042, an 8.6 percent monthly gain and a 9.8 percent annual jump. Condos account for just a sliver of the Northeast Ohio housing market.”

“Homes in Cuyahoga County changed hands at an average price of $171,384 during June, a 5.5 price increase from a year before. Summit County’s average sale price was up 7.2 percent, to $167,718. ”

As you can see the average price in the areas are still below other areas that have this type of growth. Having this type of growth in both prices and purchases is keeping inventory low.  Buyers are wanting updated homes and they want areas that fit their families needs.  Having the right properties for your inventory to buy and sell requires nicer updated properties. That is what we search out for our clients are homes that people want to be in. We handcraft them into a nice rehabbed home that will shine in today’s market.

The great reports keep coming and prices are going up at reasonable rates in the Northern Ohio Market. Want to see what you can do in Real Estate in Northern Ohio? Call Brett 216-703-5740 Howard Hanna Ohio

Getting Rehabbed Real Estate finished

 

Just like with any other type of business there are crunched times that need to be met and completed in order to get a house sold. This weekend was no different I had to make sure that to the houses that were working on getting completed. 
As a working realtor that helps clients with the contracting I stay very busy making sure that Properties or being finished so we can get them on the market soon as possible. I wanted to give an example of what I do during this time. 
On Saturday I made sure that one of the houses that were being finished had had the trash dumped out of the garage. I went over there and not been picked up yet so I contacted the contractor who immediately called the trash pick up guy to get the trash out. I then went back after I was finished meeting with the mortgage bank to water all the plants around the home and to make sure all the trash was gone.  
This may seem like a minor task but you have to take into consideration that I’ve been working on this property for sometime and needed it done. On Friday I had to make sure also that the air conditioner and heater were being installed at the home that I was listing that day. Sometimes is not an easy task also I need to make sure that the unit they purchased would fit into our budget. I met the installer at the property and got the units installed. 
When you’re doing a big project or a small one, it is hard to keep everything together and on time if you do not have someone over seeing it. I’m not talking about the contractor I’m talking about someone who oversees the projects make sure that they’re being finished on time. Sometimes it doesn’t always work out the way you planned and having a Realtor that can assist makes the landing soft.
During all this you also have to make sure that the property is being marketed correctly through the Internet and then all the details are correct and inputted correctly. I also put pictures and video on the Internet and get the open houses and brokers open scheduled. It is a busy time when your going into crunch time, but if you want to have a successful outcome you need someone there to take care of your property. 

I have bought and sold over 400 of these types of real estate projects. Call me to get all the details or sign in below 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona 

 

Check out the New flip property we just picked up

Here is a large 2600 Square foot home we just purchased for a client in Seven Hills Ohio.  This property has 3 Bedrooms 2 1/2 bathrooms.  It sets in an awesome neighborhood and we paid $125,500 for it.  After rehab the home will be listed for $204,900. This is an exceptional home that potential buyers want to live in.

If your wanting to get in the Flipping houses business call Brett 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona. I have done over 1000 transactions and 350+ flip properties, My main focus is getting the best deals available on the market in the best areas.

I have the staff to handle all your needs in this business. Having the right team around you can make all the difference in the world! Check out the video below

Home Buyers Race to Get Low Interest Rates Before They’re Gone

This article talks about the rise in Home purchases and the low interest rates that are helping the buyers afford the homes. It comes from http://www.realtor.com/ by Clare Trapasso that gives some of there in insights on today’s real estate market.

“With mortgage interest rates hitting bargain-basement lows, buyers raced to the market undeterred by the record-breaking prices (or maybe in fear that they’d rise even further). Existing home sales shot up 11%, to 583,000, from May to June, according to a recent report from the National Association of Realtors®. Sales were also up 1.9% from the same time a year earlier.”
The summer buying is still on and the home sales are going up.  The factor that will effect the market from all this buying is the inventory of residential homes on the market. I was talking to a client in Colorado and he was telling me that the Denver area is building 40,000-60,000 homes a year and over 100,000 new people are moving there a year. How good will inventory be at that rate of new builds? That is the case in most areas and is keeping inventory low.
” June’s median existing home price also rose 4.8% year-over-year, to $247,700—breaking May’s all-time high, according to the report. It was the 52nd straight month of year-over-year price increases.’
Prices will keep going up because of the inventory and low interest rates. 52 months is a long time, but you have to take into consideration we are just now getting to 2006 home prices. Real Estate is such a great vehicle to exercise your money with. Either with income or buy and sale real estate.
“On a welcome note, about a third of June buyers, 33%, were first-time homeowners, according to the report. That’s the highest percentage since July 2012.”
That is really a strong sign that the first time home buyers are having confidence in the housing market.  Lets face it rent rolls are getting higher priced, in most cases a lot more than a mortgage payment. They have really not been in the market well for the last decade.
” Only 77,000 homes sold in the Northeast, far fewer than the rest of the country. But the number of sales represented a 11.6% jump from May and a 6.9% bump from a year ago. Median prices were also up 1.5% year-over-year to $320,500.”
That is a great sign in our area, again the inventory is low for homes under $500,000 in this area. Prices really need to go up in the Cleveland area because of the new downtown.  Having an awesome downtown were people want to enjoy evenings in helps keep prices going up. Consider other major nicer downtown areas and the cost of living in that area.
Looking for a home to live in or use for your portfolio?  Call Brett I am licensed in two states Ohio and Arizona 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona

Buyers are still looking and buying homes

Listings and sells are going great in the Ohio and Arizona market.  Both markets offers loads of ways to stack your portfolio with income. Lets go over a few that I like about these states.

Let’s start with Arizona and the great oppurtunity for income real estate.  They have a decent amount of real estate to choose from.  These properties rent in 2-3 weeks and get quality tenants in certain areas.  They can also be used to lease option also.  These homes are built in the early 2000’s in most cases. They are no to little construction and Bob Dermer is a property manager if you do not have one. We will also assist in getting your property a tenant also and work with the property manager of your choice. The state also has great landlord tenant laws that benefits the landlord.

In Ohio flipping is great we currently have 7 under construction and 2 in escrow.  They are in great neighborhoods and will list $189,900 and up.  We stay under the $350,000 threshhold.  We do that because there is a bigger buyer pool.  Having our properties that are lsited already rehabbed and ready to move into gives our clients a huge advantage over the competition.

To prove our properties sale, we are the #8 seller this month in units at the largest real estate office in Ohio. That does not happen with the wrong type of real estate. Buying the right type of real estate for your portfolio is so important.

That’s why I buy homes in two states and know the areas in each very well.  The key in real estate investing is to know that your buying in areas that are trending up in todays market.  Let’s face it if they are not trending up you need to relook at your business plan.  Call me today @ 216-703-5740 Howard Hanna Ohio and 602-363-6551 West USA Realty Arizona

Check out this weeks rehabs and updates!

Check out all our updates on our YouTube Channel

 

 

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