Monday, May 14, 2012

To Tell Or Not To Tell

Open houses are always fun, especially when the neighbors drop by. They give lots of information about local quality-of-life issues and are a tremendous resource when researching where to live.
Recently I held an open house in a nice and quiet neighborhood. The property was very presentable until the neighbor came in and told me the lady who lived in the house was a heavy smoker. I did not not...ice any smells or stains myself, but the neighbor's input gave me much more background information about the property than I would have had otherwise.
In another example, a smoker noticed that the suppport beams had a different color from the rest of the walls, all because of smoke having differentiating effects on different parts of a structure.
The question is this: Does it matter? Is this something that I need to inform the buyers of? If YOU are my buyers, would you want me to disclose such a thing to you?
Does it matter to you?

Monday, March 12, 2012

Buy, Rent, Get Rich!!

It is a  terrific time to buy as we have the historically low interest rates, tons of inventory, and terrific incentives. Are you looking to maximize your wealth?Let's do a quick experiment.  How much money will you make if you put the money in the bank? Near ZERO interest rate.  How much money will you make if you buy a home and rent it out? almost SEVEN  PERCENT ON AVERAGE In the East Contra Costa county area! If you think being a landlord is a lot of trouble, why not hire a property management company to take care of it for you.  Say, you buy a 3 bedrooms and 2 baths home for$140,000.  You rent it out for $1500/month. You pay the property management company 6% of $1500/month.  The property management company will collect rent, handle all the communication with the client, take care of repairs as necessary, and so on.
This results in a gross profit to you of  $1410 per month!!
As you can see, real estate remains your best investment bet.  Contact me to learn more and get ready to enjoy the retirement of your dreams!!