Real Estate Investing 101

There are currently 101 blog entries related to this category.

 From the desk of Mae Nowak, Realtor®

Tackling the misconception of "off season"

The general assumption in most markets is that spring/summer is the best time in real estate to buy or sell and the fall/winter is “off season”. Likewise, many realtors will advise clients to wait until the spring to list their home. 

The truth is, there are many advantages to buying or selling in the so called “off season”. While the market may be quieter, real estate never stops completely!


Reason #1: Less competition.

Take a look at the graph above showing new listings over the past 3 years. You can see a clear trend. The most new listings hit the market between March-June. They continue to decrease the remainder of the year

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3352 General is located in the Barracks - this one-owner, 3 bedroom, 3 bathroom townhome is a coveted corner unit with an extended concrete patio and backyard! The location is incredibly convenient; only 3 miles from Texas A&M, on the TAMU bus route and close to all amenities in the Barracks! Some great features include granite countertops, stained concrete floors, carpet only in the bedrooms, and all bedrooms with walk-in closets and their own full bathrooms. Large Kitchen with eating bar. The Barracks amenities feature a cable wake-boarding lake, lazy river, sand volleyball courts, fenced dog parks, an outdoor fitness park, game park, pools & so much more! You don't want to miss out on this property!

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Be prepared – If you don’t already have one, get a pre-approval letter from a local lender.  Why local?  Realtors are familiar with lenders in their market and know whether or not they can get the deal done. 

Gather your information – Ask your realtor to prepare a Buyer’s Market Analysis for you.  This will give you a snapshot of comparable homes and an idea of what they’ve been selling for in the last six months. 

Make sure you understand your local market –particularly if you are coming from out of state.  Ask your realtor what the list price to sales price ratio is in your market.  For the last several years in Bryan/College Station, on average, most homes sold for between 97-100% of list price.   That number crept

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Buying a home is no small matter. Besides being the largest financial transaction you may ever undertake, it’s probably also the most complex. There are many good reasons to work with a qualified real estate professional—especially a trained professional who has earned the Accredited Buyer’s Representative (ABR®) designation, representing best-in-class buyer services.  Watch this video to learn more...



If you are in the market to buy a home, give me a call at 979-324-9992.  I am an ABR® and would be happy to help you find the perfect property.

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Tips for Updating the Look of an Older Home Using Lighting

 

    When I was a young man, I remember most of the lighting used in homes was either indirect, by table lamps or hanging light fixtures. Although these forms of lighting had a sense of beauty, they were a poor source of washing painted wall surfaces and getting a sense of the true paint color. They were also difficult to read by unless one was right by the fixture which was hot and uncomfortable.

 Today, modern media such as computer screens and LED televisions in our homes are much easier on our eyes if we use the proper type of lighting to illuminate the room. One can give a stunning new look and feel to an older home by adding recessed lighting. Many times,

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 A common question sellers ask when I’m touring their house during the home evaluation is “Why should I choose you?”.  It’s a fair question, and arguably the most important question they should ask when we’re meeting.  So why should a seller choose me?  Well let’s take a look:

-       Heavy social media presence – Between my own online profiles and those of TM5 Properties, we have a reach of more than 6,300 followers.  That’s more than any others in town!  So when I market your home, I’m not just posting the listing to a couple other websites, I’m also immediately communicating with a huge pool of potential buyers.

-       Back to back Aggie 100 recipient – This prestigious reward is given to the top 100 fastest

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 an 1941 Eastgate home that has been updated and serves as a student rental

It’s no secret that Eastgate is one of my favorite neighborhoods in BCS, and that’s because it has so much to offer! Eastgate is great for students, families and INVESTORS! Eastgate has seen tremendous growth and appreciation in the past few years, and that is because investors have finally started to take notice how great of a neighborhood it is.

These savvy investors have seen tremendous success in Eastgate with houses appreciating at rates of over 69% in the last few years! Here are a few examples:

                 

 

       

        

Whether you're interested in renovating a home or looking to do a full tear down and rebuild, Eastgate is the perfect place! Here are a few of the current listings:

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Neighborhoods in College Station, like Alexandria, have shown a consistent trend in their average sale price – they have appreciated, meaning their values have risen over the last 5 years.  As a seller, you could have more than 40% equity in your home if you purchased your home in 2012 or earlier AND originally had a down payment of 20%… that’s huge!  Also, those values don’t include the mortgage payments you’ve been making every month.  How great is that?!

 

There are many uses for a seller’s home equity, one of the major ones being leverage for their next purchase.  For example, if you have been looking to “upgrade” or buy something more fitting for your family, you could sell your current home and use

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In a previous blog post, we talked about equity, which is the difference between the current market value of your property and the amount of money owed on the same property.  Homes in College Station had an average sales price of just over $160,000 in 2012.  Last year’s average sales price was just under $220,000.  If you had purchased your house in 2012 or earlier, that means you could have at least 30% equity in your home… that’s enough for a down payment on your next purchase!

 

Our market is cyclical and has truly heated up & taken off, there isn’t a better time to sell in Bryan/College Station!  Maybe you’ve been thinking about upsizing for your growing family?  Or your family has grown up and you have too much

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As we move further into 2017, projections of our Bryan-College Station market continue to show a rising trend.  If you bought your home in 2009, you could have at least 30% equity in your home!  That’s more than enough for a full down payment on your next purchase – you can read more about affecting your equity in this post.   

 

Not only are our market values increasing, we are also in the hottest part of our year!  If you’ve been on the fence about selling your home, I can answer any questions that are holding you back.  We have buyers that are ready & approved to purchase but not enough properties to meet that demand. 

 

Why choose me and TM5 Properties to list your home?  For starters, we are the #1

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