Some Like It Hot: Are YOU Ready?
Posted on May 2, 2014 byIs the market getting strong where you are? Are you sitting on the side lines waiting for a house to land on you? If you are waiting around, you are not getting wealthy! And I want you to be wealthy! I want you to get in the market through partnerships with an experienced person like myself.
The 1st quarter of 2014 has been very exciting, and with summer approaching, we can anticipate the market getting even hotter than it is now! Areas are turning around, the phantom inventory is shrinking, and prices are rising.
But, you ask, is the housing market out of the woods? Yes and no. There are a few variables that would set us back into a recession causing the prices to drop again which would affect jobs and people’s ability to buy a house. A change in interest rates will affect the probability of people to get into a house and investors to buy with credit.
This all brings us to the essentials: How do you know a great deal versus an average deal? The answer is only a portion of what an experienced partner like myself can help you learn.
Currently, great deals exist in the price range of $150,000-$250,000 because here owner occupants are buying and there is profit. Lower price point investors are buying and looking for cash flow.
- Hot Emerging Places
- Areas with the highest annual increase in number of sales (30%) are 30354, 30313, 30274, 30248, 30115, 30084, 30082, and 30039. There are plenty of houses to buy, and the banks are foreclosing, so the areas are improving. Money is slowly being poured into these areas. These areas are great places to buy.
- Areas with a 20% increase in price over the past 3 years are in zip codes 30518, 30360, 30350, 30346, 30350, 30346, 30341, 30328, 30324, 30307, 30305, 30250, 30097, 30080, 30071.
- For Quick Cash: buy, fix, and hold in these areas.
- Areas that have peaked are in zip codes where the number of available houses is decreasing for investors. In these areas the prices are rising! Yes–you can get a great buy, but it will take more effort and more cash. These zip codes are 30032, 30034, 30040, 30041, 30043, 30044, 40047, 30058, 30066, 30075, 30083, 30087, 30097, 30114, 30127, 30144, 30188, 30123, 30228, 30238, 30252, 30281, 30294, 30331, 30349, 30518.
- The smart investor will buy around the edges of these areas, pay a lower price, and wait for them to improve.
- The suburbs are improving. The most houses sold were outside the perimeter. These zip codes have sold over 1000 houses per year for the past 3 years: 30019, 30032, 30064, 30126 30315, and 30236. Money is getting poured into these locations. Opportunity is there but at a higher price point.
- The smart investor will buy around the edges of these areas, pay a lower price, and wait for them to improve.
This is just a small bit of the information that I have for you so you can reach your goals of wealth. I know what you want because it is what I want: to create my own wealth and to do it well.
I’ll ask you again: Are You Ready to Jump into a Hot Market? Are you ready to invest in yourself? Then I am your person. I have done it. I know that YOU can do it too and I know that I can help YOU achieve success. I am looking forward to meeting you and helping you on your way to a successful 2014!