I hope you had a great month.

Well summer is here and now is the time to make your vacation plans. We all work hard so we need to take time to recharge. So plan a vacation and send photos. Later Paul

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MARKET WATCH

Hello Members! I hope you had a great month.  May has been another great month if you bought or sold a house. Some markets are better than others but 34286,34292 and 34293 were off the charts and all had record sales and days on market. 34286 days on market dropped to just 60 and the other two areas were in the 75 range compared to others that are still close to 150 days and in other areas 200 was the magic number. So know more than ever you need to look at which zip codes your going to buy in and the days on market so you can plan.

Other important news is rental rates have continued to increase in areas that have modern homes with the nice amentias. The wall street journal had an article about how the new economy is going to be the "I want the Best of everything but I want to rent it not own it" mentality. Its coined the Rental Life style with little commitment.  The gen X and Y generations have seen how the job and housing crash has crippled the nation and they want know part of it. So they want the best their money can buy but they want to rent it so they have little or no commitment.

The article further went on to say that upscale housing and automobiles will be the next big markets. And for those of you that are building rental portfolios you need to take this information to heart. Do some due diligence find out what they are looking for and make sure you offer it to them and they will pay you a premium for it. Now if your buying at todays discount and you get upscale tenants that can afford the rents your ROI will go through the roof. But you got to buy in the areas where people want to live for the next 5 to 15 years. So look around and see where the market is moving and get ahead of it. So when it gets to you you're the first to cash in.

Also at our last meeting I spoke about how the big builders are raising Hundreds of Millions to build out their projects and rent them. They are not having any trouble raising money or finding tenants that want there houses. So look at what the big boys are doing and we need to do it as well.

If you look at the Zip codes in our areas that homes are flying of the shelves you will see they are in the path of growth and the homes are newer or just being built. One builder in Venice has 40 homes under construction with for rent signs out front. Thanks Paul

Dori's corner

Hello members!

  

 

SHORT SALE /FORECLOSURE WORKSHOP

If you were one of the few who didn't attend our sold out workshop you missed a great day. There was a lot of important information that you need to know when dealing with the bank.

But don't worry,

if you call my hotline number                  

 941-423-2864

and leave your contact info I will make sure you get a seat at our next workshop.

This month sales in the 34286 market have been fantastic. Once again our neighborhood is the best selling in the North Port and Port Charlotte area. So if you're thinking of selling or need more information about doing a short sale call me directly on my cell 941-716-2597.

Here are some sold stats for 34286:

· Sold Homes 53; Active Listings 82

· Median Sold Price $ 96,000

· Avg. Days On Market 60 day

· Avg. Sold to Orig. List Price 93.5%

Our area is still one of the hottest around so if you're thinking of waiting for next year's "Snow Bird " season you may be costing yourself money. Also the "Across the Pond" season starts around mid June. So get ready now

  

We are planning to have another workshop in September but if you need to speak to me or a member of my team please call me at 941-716-2597.

 

The bank is hoping you will just bury your head in the sand and do nothing. But for the few who step up and take charge good things happen and the bank has no choice but to take notice.

 

 See you next month Dori 

 

 

 

 

  

  

 

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Have a great month! Dori