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From Our February 2017 Newsletter:
The Realities of Income Properties
Many homeowners consider investing in an income or rental property as a means for extra income. Many real estate markets throughout the U.S. have seen tons of growth in recent years, with rental properties highly sought-after in some popular markets. Generally, real estate is a solid investment in terms of ROI (return on investment) over the long term. While a rental property might seem like a sure thing for extra income, there are advantages as well as disadvantages to income properties. If you've been toying with the idea of investing in another property, consider some of the points below before making your final decision. More info.
Get ahead of the curve NOW
2016 was the best year in The Hetrick Team’s history! By the end of the third quarter, we had sold more homes than in any full year in our 18 years of existence!
2017 is shaping up to be the same. WE NEED MORE LISTINGS. HOMES ARE MOVING SO QUICKLY, WE CANNOT HOLD ON TO OUR INVENTORY!!!
For months now, our best listings, priced reasonably and well-prepared for the market, have been going under contract in a matter of days, and sometimes in just hours. December turned out to be one of our top months in 2016, so even the holiday season didn’t slow the market. And, so far, in 2017, things are rocking on along the same. With interest rates beginning to creep up, with the re-entry into the market of many consumers who have now recovered from losses they suffered in the early part of this decade, and with first-time buyers continuing to move into the market in larger numbers, we should see a continued robust market.
So a note to all you potential sellers: If you want to get a leg up on your competition this year, you should consider meeting with us in as soon as possible so that you have a plan for early Spring. If you want to move forward quickly into a new home for 2017, NOW is the time to get your ducks in a row to sell your current home. Most folks need to do at least a little sprucing up, and we are here to help you figure out what to do now. Don’t forget: We go the extra mile to help our clients prepare their homes for sale, price them right, stage them well; and we invest wisely in professional photography, video and effective online marketing. Also, experience our new 3D walk-through tour technology, Matterport: https://goo.gl/xcjP1B. Call us now. 601-664-6980.
Buyers: Interest rates have begun to creep higher. Homes are STILL selling in days. Demand STILL exceeds the supply of ready-to-sell homes. New financing and closing regulations mean longer waits between contract and closing, so don’t assume you know what to expect. A lot has changed – in 2010, and again in October, 2015, so if you have not been in the market in several years, you’ll find our buyer orientation programs useful and beneficial. Also, buyers need the freshest, most accurate info on homes for sale to take advantage of sometimes brief windows of opportunity when the right home hits the market. And, that’s what The Hetrick Team does well. We make sure our buyer clients are ready to buy—prepared, poised and ready to go. Our buyers stay a step ahead of the market. Call us now. 601-664-6950.
As we have been for over 19 years, we are here to help. Just give us a call or drop us a line.