Greetings!

I hope you are having a great start to the new year.

This month's topics for your eNewsletter include  the State of the Real Estate Market going into the new year, Advice on Foreclosure Investments, and the Benefits of Solar Energy.

If you, or anyone you know, may be interested in buying or selling a home, please let me know.
 
                     
         Stay safe on the roads tonight,
 
         Dan Brassil                    
         Real Estate Professional 
 
Follow me on:
Like us on FacebookView our profile on LinkedInVisit our blogFollow us on TwitterView our videos on YouTube
Home Sales Keep Going Up

Home Sales Going Up
Great news to finally hear about how the market ended in 2011. Home sales for the last month of the year reached their highest mark in 12 months.

While this certainly led to a great start in January, we are certainly not where we want the real estate market to be.

So what still needs to happen? Time 

The last three months of the 2011 all saw increases in sales and overall 2011 was much better than 2010. Prices are remarkably low and mortgage rates have never been lower. It is still going to take time to get the market to where it needs to be.

 

What does this mean for buyers? Buy Now.  

Everyone wants to time the market just right. Buy low and sell high. The problem is, no one knows when the market is at the lowest or highest point until after it starts moving in the opposite direction. From the reports and statistics, the market has been on the way to recovery for some time now. As the market recovers, so do the prices (great for sellers, not so much for buyers) as well as the interest rates. With more people applying for loans, the more the average rate will go up to meet the increased demand.

 

 

Follow me on:
Like us on FacebookView our profile on LinkedInVisit our blogFollow us on TwitterView our videos on YouTube
Foreclosures: Great Opportunity or Big Mistake? 

Foreclosure Sign
If you have been looking to purchase a new home or have just been keeping tabs on the market, you may have realized the large number of foreclosures on the market.

The St. Louis Real Estate Market has been flooded with foreclosures over the last few years and even more are expected to come onto the market once banks streamline their process for unloading these properties.

What Are Foreclosures: 

Foreclosures are properties that have been repossessed by banks. To understand how this happens, we need to start with the mortgage. Most homeowners take one of these out to purchase a home. Mortgages are basically loans that list the house as the security of the loan. If a homeowner stops paying the monthly mortgage, the bank or whoever else owns the mortgage at that point will start the process of legally acquiring the property. The thing is, these companies don't really want the property, they want their money. Most of them are not in the business of owning and selling real estate. That is why they often sell the properties for less money than they are worth (basically at a loss to them as compared to the mortgage amount) which passes on an often tremendous savings to whoever buys one of these properties.

 
Vol. 3, Issue 1: In This Issue
Home Sales Keep Going Up
Foreclosures: Great Opportunity or Big Mistake?.
The Green Side: Solar Energy

Join Our Mailing List
The Green Side
 
Solar Energy: The Investment Case for Businesses

Solar energy is a hot topic in St. Louis right now. There will be a panel discussion focusing on the investment case for solar energy in the St. Louis metro area on Feb.  2nd.

Current incentives allow companies to add solar with low upfront costs, earn an attractive ROI, and gain control over an ever-increasing operating expense. This panel of experts will explain the incentives, the installation process, and describe the benefits they've experienced from investing in solar.

Panelists include:
Kirk Bedell:
Brightergy Solar Solutions
Bob Kaemmerlen: Kaemmerlen Electric
Aaron Novack: President, J.E. Novack Construction
Rich Wright: Managing Renewables, Ameren

When: Thursday, Feb. 2
7:30am Continental Breakfast
8:00am Panel Discussion (concludes at 9:00am)
Where: Missouri History Museum

Admission is complimentary, however reservations are requested by Friday, Jan. 27.

 

Useful Resources

StLRealEstateGuide.com
(Real Estate Blog)

StLouisGetOut.com
(St. Louis Events Blog)

My Website

Contact Info:
Dan Brassil
Real Estate Professional
Premier Realty Exclusive

314-452-8211 Mobile
314-772-4868 Office
314-762-0193 Fax

4100 Humphrey St  
St. Louis MO, 63116