April, 2018

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Elliman Magazine Spring Edition - 5 Charts

Miller Samuel

Every seasonal edition, Douglas Elliman Real Estate asks me to provide a visual market update for their magazine in any 5 of the markets they cover nationwide. The following graphic is found in their latest Elliman Magazine. Click on the following graphic to see my charts in all their majesty.

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Home Flipping at 11-Year High; Financed Flips at 9-Year High

Patch of Land

Home flipping rose in 2017 to its highest level since 2006 and the percentage of flips using financing also reached a nine-year high. The percentage of flips completed with financing could signal more interest from real estate investors as the lending market for fix-and-flip real estate investors matures with competitive interest rates that more closely resemble buying with cash.

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Best Online Resources When Preparing to Sell a Fort Hood, TX Home

Hood Homes Blog

Takeaways. Your Realtor will have many of the resources you need to sell your home. Many important resources may be “offline”, like existing surveys, invoices, and vendor relationships. Your first step when considering selling your home should be to identify the real estate agent you are going to work with. They will have many tools they can take advantage of to inform your home selling needs.

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Have You Had Your Property Appraised?

Aedis Appraisals

If you are a property owner, you may be used to having a lending institution order an appraisal of your home. However, you may also want to consider having your property appraised independently. An appraisal is defined as an inspection that gives an estimate of a property’s value. A mortgage lender requires that an appraisal be made to confirm the value of a house used for collateral, so an appraisal must be undertaken in order to issue a loan.

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HELP WANTED

The People's Appraisal Blog

Real Estate Appraisers. REQUIREMENTS. Active appraiser license, preferably certified, a computer, appraisal software, MLS, E&O insurance, dependable vehicle, camera, smart phone, a background check (by us) because the one your state requires every year is just not good enough and good communication skills (see smart phone requirement). JOB DESCRIPTION.

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Bloomberg Markets Interview April 3rd, 2018

Miller Samuel

I'm a bit late to post this interview but the content is still relevant since it addresses the sales slowdown we are seeing across the NYC metro area. I had a fun conversation with Bloomberg's Julie Hyman and Julia Chatterley on "Bloomberg Markets.". ?.

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5 Ways to Increase the Number of Flips You Do Each Year

Patch of Land

If there’s one thing that experienced fix and flip investors know, it’s that having a pipeline of business —a steady stream of flips— is a necessity to make your business sustainable. Not every flip will be the big win you anticipate it to be, so increasing the number of flips you do each year can ensure that you’re always on the right track to positive gains.

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14 Under the Radar Cities Where it Makes Sense to Flip

Patch of Land

As a result of the housing collapse, some people have been reticent to buy a house, let alone flip one. But now, the housing market is back and on the upswing. Over the last few years major cities everywhere have been plundered of their distressed properties. This is forcing flippers to search for properties in places where there’s not a lot of flipping activity, where prices are low, and where housing is needed due to high rent prices.