Real Estate Remains A Strong Investment – Mortgage
Real Estate Remains A Strong Investment
W. Troy Swezey
Opportunities to make big, quick profits in residential real estate tend to come and go in cycles. When a local market is hot, families may find it possible to buy a house at an attractive price, fix it up, and watch its value rise in just a few years.
When the same local market is at the low end of the appreciation cycle, reaping a profit on the family home can take a good deal more time but the reward can be just as satisfying if price and location and carefully considered.
Even in uncertain economic times like these, history shows that real estate is one of the soundest investments a family can make. During the Great Depression of the 1930s when the stock market plummeted as much as 89 percent, housing prices dropped only 39 percent. According to most of the research on housing trends, prices continually stay at the same level as, and most often appreciate faster than, the rate of inflation. Housing prices actually rose an average of 10 percent during the recessions of the mid-1970
Understanding Real Estate Terminology – Mortgage
Understanding Real Estate Terminology
W. Troy Swezey
Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.
For example, many buyers confuse the terms broker and salesperson. A broker is a properly licensed individual, or corporation, who serves as a special agent in the purchase and sale of real estate, a salesperson is an individual employed or associated by written agreement by the broker as an independent contractor. The salesperson facilitates the purchase or sale of real estate.
Once you decide to purchase, a salesperson will prepare a sales contract to present to the seller along with your earnest money deposit. The sales contract is the document through which the seller agrees to give possession and title of property to the buyer upon full payment of the purchase price and performance of agreed-upon conditions. The earnest money is a buyer
Naples and Southwest Florida Real Estate Is Hot! – Real Estate
Naples and Southwest Florida Real Estate Is Hot!
Scott Berry
There has never been a better time to Invest in Naples and Southwest Florida Real Estate!
Collier County is ranked number one, and Lee County ranked number two in the entire State of Florida in Existing home re-sales sales ending February 2004. Collier County saw a 28% gain and Lee County had an 18% gain in sales of existing homes from February 2003 to February 2004.
New home sales put Lee County number one in the United States for the 4th quarter in a row and Collier County number five. These figures are based on the number of new home permits issued per thousand people.
We are seeing incredible appreciation figures, and rental rates are at an all time high. If you purchase a home in Southwest Florida, you should realize an unparalleled appreciation, and the figures indicate that, if you choose to rent your property out when you are not here, you should easily find a tenant.
The Median sales price for the same period saw Collier County with a 42% increase $273,100 to $389,000 and Lee County with a 31% gain $130,500 to $170,000. Once again, these value increases show that real estate in Southwest Florida out paced most other forms of investment.
For Updated Sales, Investment, or Equity Growth figures, please contact The Berry Realty Group or visit our website at http://www.napleselite.com
About The Author
Scott Berry is a Seasoned Real Estate Professional In Southwest Florida, and President of The Berry Realty Group with office in Bonita Springs and Naples Florida. 800-450-0198
scott@napleselite.com