This "sticker shock" has been creating a lot of hardship for unprepared homeowners who are already squeezed by increasing property taxes and utility charges. Unfortunately, one man's nightmare is another man's dream. If you are in the market for a steal, you will have a large inventory of foreclosures to choose from. Everything from new homes to fixer uppers will be available. There will be many motivated sellers trying to get out of their mortgage situations.
2. Builder Bailouts: Speaking of motivated sellers, new home builders have been trying to rid of their inventory by any means necessary for the last year and a half. From new subdivisions in the suburbs to hi-rise condos in urban areas, builders have been giving large incentives to buyers from free upgrades on hi end features, to large reductions in sales price creating instant equity.
During the "Construction Boom" a couple of years ago, builders and developers had stockpiled land to build on. Now that the interest rates have been gradually increasing and the market has been getting saturated, the supply of homes has surpassed the demand. This creates a great opportunity for you as a buyer to get a new home or condo with 10% to 25% of equity. An advantage of a new home is that you will not have to do any repairs like a fixer upper. You will get a warranty on the home in case anything breaks down. And lastly your resale value will be higher than a fixer upper.
3. Opportunities in Commercial Real Estate: Now that several thousands of new homes and condos have been built within the last few years, Commercial Real Estate has to catch up to serve the needs of these new residents. There is going to be a great opportunity to locate a wide range of services to bring to new communities such as restaurants, dry cleaners, and even day cares.
Whether you broker the transactions or build the structure, the amount of money to make in Commercial Real Estate is far greater than Residential Real Estate!! Locate vacant land or abandoned structures zoned for commercial in growing areas. Then find a lender to help you purchase and develop it. Wherever new communities go up, commercial development is not far behind. People love to have convenient services at their fingertips.
ABOUT CARL AGARD
After purchasing his first brownstone in 1995, author, real estate broker, and investor Carl Agard experienced first hand the enormous wealth building results of real estate investing and never looked back. A licensed Real Estate Broker in two states (New York and Georgia), Carl has bought, sold and brokered over $100 million dollars worth of Real Estate in over a decade.
Carl started out growing up in the rough environments of the NYC Housing projects. He earned a scholarship to attend Syracuse University and while on campus, started his entrepreneurial trail. Upon graduation, he was a successful party promoter and a top salesman for various Fortune 500 Companies. He went full fledged into a career of Real Estate after being laid off his six figure sales job and realized that he wanted to control his own destiny while empowering his community. Carl realized through his experiences in Real Estate that information was not being shared in the African American community, and that we are missing numerous opportunities of wealth. Carl compiled Getting the Real out of Real Estate to help address this void of information especially for the Hip Hop Generation who are now becoming an older and prosperous demographic.
For more information about Getting the Real out of Real Estate, you can go on his website www.carlagard.com and purchase a copy today.
For More Information Contact:
Tasha Stoute
Strong Arm Media
646-732-7599
tasha@strongarmmedia.com
Tanisha Williams
Strong Arm Media
917-416-4088
tanisha@strongarmmedia.com
Email
This Article To A Friend
