Ultimate Real Estate Newsletter 7/21/17 Edition

Unlimited Real Estate Magazine

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 Building Wealth Through Home ownership complete with examples

Building a nest egg is important to building your wealth. There is no better way to do it except through real estate. I have helped 100’s of people do just that through real estate investments and buying their home.

Lets look at a few examples. 17329 Long Meadow Trl, Bainbridge, 44023 we sold that last year for a client after rehab. The new young couple that purchased it in July 2016 are have $50,000+ in equity on there new home. That savings they can tap into buy selling their home anytime. Days on market in their area is very low. 

13064 Northpointe Cir, Strongsville, OH 44136 This home was purchased for $240K in 2016. This home is a 3 bedroom 2 bath home. It was a new build in a small development. Fast forward to today and this home is worth $275k-$280K. That is a nice 1 year equity growth for a home.Very low days on market.

It is location, location, location! These are all homes that were purchased to live in. These home owners are building their wealth through home ownership. Buying and selling over 1000+ properties for clients I have seen a lot of people build their wealth through real estate. 

One more example 138 Herrmann Dr, Avon Lake, OH 44012 was sold in March 2016 for $174,900 to a veterinarian. This home is very close to Lake Erie and in a great area. Fast forward til today and this home would sale for $220k-$225K. That is a $45,000 dollar equity growth since March of 2016 when she bought it. 

As you can see these homes are creating wealth through home ownership. Purchasing a home or selling a home you need expert advice and a Realtor who understands the trends in Cleveland Real Estate market. Call me I’m Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul

84 Percent of Americans See Homeownership as Good

This article comes from https://www.nar.realtor/ by Cole Henry that talks about the American home buyers and that Real Estate is a good investment.

““Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home,” says NAR president William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties.”Building equity is building wealth, basically if you own a home your living in a asset. I recently went back and looked at some of last year sales and the homes I sold were up $40k-$50K in equity. Say you have a $250,000 dollar home you purchase and the down payment is around 5%. That is a $12,500 down payment plus closing cost would be another $2000 lets say. That is $14,500 down payment. If purchased in the right location that home will grow in equity and that $14,500 would grow to $40k+ with the current market conditions within 24 months.

The reason Real Estate should keep growing in equity is the lack of inventory. Remember in 2008 when all the new homes just stopped? All those subdivisions looked like ghost towns with fences around them.  They didn’t start building medium priced home until this year 2017. That is basically nine years of no medium priced homes being build. It will take a while to build enough new homes to cover 9 years.

” Eight out of 10 believe that the most important financial reason to own a home is that the money spent on housing goes towards building equity rather than to a property owner. Paying off a mortgage and owning a home by the time you retire is the next most important financial reason for buying a home followed by ownership being a good investment opportunity to build long-term wealth and increase net worth.”

Lastly buying a home is the best way to create a nest egg for you and your family. That is how a lot of actors keep their fortunes growing through real estate. If you read a lot of real estate news you see actors and sports figures selling their homes for millions. I just saw a Tech exec selling his home for $18.3 Million dollars, a fashion designer selling her condo fro $5.5 million dollars, and Chris Rock is selling his Brooklyn apartment for $3.25 Million dollars. They all invest in real estate to live and make the fortune grow.

Getting the right Real Estate for your portfolio is key to having the best equity growth. My finger is always on the pulse of the areas I represent. Need real estate in Cleveland Metro or Phoenix Metro and Mexico? Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul.  

This Weeks Real Estate Videos and Tips 7/15/17

This week I wanted to focus on making buying and selling Real Estate stress free. Doing a few items upfront can save you a lot of stress and heartache when selling a home. It also allows the buyer to enjoy their new home purchase and get their home quicker.

As a seller getting a home inspection before you sale can make all the difference in the world. Getting the major items repaired in the report if there is any puts your mind at peace. Buyers do not have to accept your inspection, but if it is done by a licensed inspector they may accept it. Getting a home warranty after the home inspection and not having any pre existing conditions is a pretty safe transaction for a buyer.

The cost of a home inspection is between $400-$500 dollars, and a potential buyer may not want to get another inspection at that price. My clients that have done pre inspections, we add it to the supplements on our MLS listings. Evey sale so far the buyers have accepted those pre inspections.  That helps the transactions to close smoothly and gives the buyer and seller a stress free transaction.

This week I am working with two clients that want to purchase homes and 1 has found one they like. Hopefully we get the home at their price. Taking another long term client out to look at 2 homes they may call home. Very excited for my clients and we will find their perfect home.

If you need to buy or sell a home and you want it to be more stress free Call me I’m Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul.

Enjoy the videos: One of the videos I did was for an out of state client to list their home.

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Why Location Is Everything in Real Estate and having an agent that knows them

Ever been in an area that you have told someone that is the perfect place for me to live? I know I have. These are areas that consist of highly desirable amenities that people want to have around their home. The key is recognizing them and knowing what you want

For example I dined at a place called Mad Stone Pub last night that is in the Gordon Square(Cleveland) area.  My friends that I was with mentioned that they had a friend that really wanted to live in that area. He liked the arts and eateries a lot and wanted to be closer to them.

A lot of people like certain areas because of what the location offers. What type of amenities do you like around you? This is really something that you need to consider when purchasing real estate. I was listening to a Podcast and their was a billionaire that purchased some property in Manhattan New York area in the early 70’s. He made a ton of money on those purchases because of the location and the amenities.

In the northern Ohio area there are a few areas that really stand out and have the location and amenities that give them a heads up for purchasing a home. They are all around the east and west side of town.

Cleveland Metro is still growing and has areas that are under priced for the location.  These areas should see continue improvement in this real estate market for some time.

I study and know almost all the locations and cities in the Cleveland Metro area.    It very important for your agent to know them so that they can assist clients in helping them get the location for their home or investment. What is the old saying Location, Location, Location.

I have purchased and helped clients buy and sell over 1000 homes. Getting the perfect home is only a phone call away.

Need an agent that will assist you to buy or sell your home and know the benefits of the location? Call Brett 216-703-5740 Century 21 Premier and 602-363-6551 EXP Realty and Playa Azul.

Sunday Brunch Review: JohhnyJ’s Pub and Grill Strongsville Ohio

Sure there are more exclusive places to get a bite in Strongsville Ohio. But JohnnyJ’s Pub and Grill has great food in a casual atmosphere that helps you relax after a hard day at the office or you just need a break. This place is a Irish Pub version made for today. 
Last night I had a great appetizer and dinner. Pita chips and Avocado Dip and Grilled Chicken over a mound of mashed potatoes and a great rice side. The dinner was Delicious after showing a client real estate. I have been to this eatery multiple times and really enjoyed the staff and more importantly the food! 
This establishment also has a brunch menu that has all the Irish Brunch drinks and a solid menu for eateries. This place would be a great place to start the day and get yourself happy and ready to attack the day. Their website is http://johnnyjspub.com/.
Need a buy or sell your home? Call Brett 216-703-5740 Century 21 Premiere and EXP Realty and Playa Azul 

Premium Listing Service Ohio Century 21 Premiere

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RECENT NEWS:

NEW Northern Ohio Real Estate Workshop

Join our new Meetup Group to connect and network with Real Estate professionals MeetUp/ we will be meeting monthly to discuss Real Estate.

I wanted to set up this group to discuss the ins and outs of all aspects having to do before purchasing a home or investment. We will be having guest speakers that will be there to create a learning environment and more knowledge about real estate.

Want to know how to market, find, sale, where to find homes, buying Hud homes, bank Foreclosures, Neighborhoods, and do much more. Come and network with real estate professionals and people just wanting to get more information.

There will be some food and fun. Get to know the local real estate community and how it can benefit you.

The first meetup will have an exciting speaker and will be educational. Wanting to know how to remodel a home? Want to know where the hottest cities are to purchase homes in? Want to know what the trends and states look like in your local market? The best places to dine? Come and check out or new meetup. 

Click here to join 

Come out and network,learn about real estate and have fun. Call Brett 216-703-5740 Century 21 Premiere if you have any questions  

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Look at all our Real Estate Services we Offer

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Best Beach Front Villas to enjoy and create Income

Want to relax on the beah and have a Great View from your Villa?

We have very few units left in the C building and the Resort gace us a special for our clients Only!

Want instant equity?

  We have a three bedroom at that is 2200 Sq Ft and the patio is 480 SQ feet. This unit is under construction

Projected Gross income is $40,000-$50,000

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Your Price $279,000 we only have 2 units left at this price.

Call Brett 602-363-6551 to reserve one of these units

1000+ Homes and Counting

 

2 Comment

  1. fund side income

    1. By56083 says: Reply

      What do you mean??? Thanks

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