Multifamily Opportunity Is Out There-Lake Havasu Real Estate Perspective

Buy low and sell high. That is theory behind making sound investments of any sort including Real Estate. With Lake Havasu Real Estate prices sitting at 5 year lows, interest rates at record lows, and enough inventory to have exactly what you want it sounds like a perfect real estate storm is brewing all factors point to now being the time to buy. You can pick up an awesome deal and hold on to it by renting it out for some time and when the market turns, and it surely will, you will stand to make a substantial profit and all the while have your renters help pay for the house. What could be a better deal? Now is the time to buy Lake Havasu Real Estate. For more information on leveraging and what sort of investment properties are available please feel free to contact me at www.havasuhomesource.com or www.ambercheramy.com

Multifamily Opportunity Is Out There

“It’ll be heaven in 2011” was one prediction made at September’s Multi-Housing World conference. Demographic shifts will boost the rental market in a couple of years, experts predicted. On the investment side, now is the time to buy, although steer clear of suburban luxury housing and condo development. Student and workforce housing are hot areas, particularly in urban areas, said Ron Brock, president and CEO of Pierce-Eislen. B and C properties in A markets are another good buy, said Keith Rosenthal, president of Phoenix Realty Group, who suggested purchasing at a discount to replace the cost of over-leveraging. But lenders are looking into investors’ net worth and questioning the veracity of obtaining projected rents. “You’ve got to have a real substantiated story for value-adds,” says David Carlson, managing partner at Redwood Capital Partners.
Source: Commercial Investment Real Estate Magazine

Foreclosure Central

We have more than 100 homes that are bank owned in Lake Havasu and more than 100 home in preforclosure stages ready for sale at discounted prices. Foreclosures are the hotest section Real Estate right now. Many of these properties are priced below market value to get them sold fast. You can pick up a steal of a real estate deal. Now is the time to jump in. It is a great opportunity for anyone to buy real estate from first time home buyers to investors with mulitple properties. Act Now! The good ones move quickly. The best deal go to mulitple offer and only spend a few days on the market. For your complete list please feel free to sign up for my FREE LAKE HAVASU CITY FORECLOSURE LIST. You will be glad you did. Good Luck and Happy House Hunting!

Editorial to Home Sales on the Rise

Interest Rates are at Historic Lows. Home prices are lower than they have been in 5-7 year. When people were buying in a boom they were buying more expensive houses at higher rates. Now is not the time to run scared. Those who act will be rewarded. It doesn't matter if your an investor or a first time home buyer you can get a deal. And sometimes pay less than your rent to own a home. The indication of the median home price falling is reflective of the lower prices and investors moving into the market snapping up the great deals. Don't miss out. Now is the time to buy Lake Havasu Real Estate.

Home Sale on the Rise

Home sales still on rise
Number of listings continue to drop
By Tony WaggonerTuesday, November 18, 2008 10:23 PM MST

It may be a reflection of the economic times that the median price of single-family residential homes sold in Lake Havasu City has continued to drop, as more homes continue to sell.The average median sale price for residential homes for October in Lake Havasu City dropped to $166,750, the lowest mark in a year, according to figures released by the Lake Havasu Association of Realtors. The average median price in October 2007 was $206,000. This year’s figures mark an almost $40,000 drop in home listings sold.Overall residential sales dropped from almost $21million in September to around $20 million.It is definitely a buyer’s market, said Pat Landry, the new President of the Lake Havasu Association of Realtors. Interest rates on homes are low, and buyers have more of a selection.Landry says this is the reason more homes are selling in the community. After two months of plateau, the number of residential homes sold did increase from 87 in August and September to 94 in October. The number of homes sold greatly increased over October 2007, jumping from 70 to 94.While the number of homes sold may not be that substantial, Landry says Realtors are staying busy.“We’ve been busier than ever,” she said. “We have seen several customers at one time and are showing more homes than we were at the beginning of the year.”According to Landry, prospective buyers are also viewing more homes. She said Realtors are often showing 30 to 50 homes to one client.She did warn prospective buyers should take advantage of lower priced homes now, because in a year’s time, things may not be the same.The number of residential listings in Lake Havasu City continues to increase. While not reaching the 1,763 mark of November 2007, the number of listings for October was at its highest total since February of this year at 1,553 listings.Sellers should be aware of the competition, too, according to Landry. She said the best time to sell a home is within the first 60 days. After that, sellers would likely be forced to reduce the price of their homes.Landry said they are seeing many bank home foreclosures, causing the numbers of listings to go up.A lot of the home sales have been for foreclosed homes as well. Almost 75 percent of the homes sold this year have been foreclosures.With winter visitors on their way back in the next few months, Landry expects home sales could continue to go up, as could rentals. Quite a few of these renters, she said, would go on to purchase the home.

Source Todays News Herald