2008 is a great time to BUY Real Estate because some investors as well as some banks are overleveraged. Over the last few years many investors in the commercial real estate market are feeling the same payment problems as residential homeowners. They have bought their commercial investments and because of the increase in interest rates,…
Buying a house is one of the biggest financial decisions that many people make in their lives. It is a tedious process, and it can be overwhelming, especially if you’re a first-time homebuyer. Understanding the first steps in buying a house is crucial to ensure that you’re making informed decisions and moving towards your goals….
The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
In the late seventies, General Motors introduced a revolutionary electric vehicle designed to address high oil prices and long gas lines. Unfortunately, battery system problems prompted GM to abruptly scrap the program. GM bought back vehicles from customers, cleared dealer lots and ran the fleet through the crusher. Thus ended the immediate promise of alternative…
Last time we talked about St. George Island and The Plantation, a closed community development that has set a benchmark for real estate on the island. The real estate boom started around the year 2000 and peaked in June of 2005 with the highest price paid for a lot at $2.62 million. There were no…
As usual, Warner Robins continues to grow with new projects announced in the second quarter of 2007. A 232-unit apartment project is under construction on Leverette Road west of Hatcher Road. The Oasis Shopping Center on S. Houston Lake Road is nearing completion. Circuit City has begun construction at 2951 Watson between Hobby Lobby and…
It’s critical to place and keep a good tenant quickly. We have some ideas on how to avoid long vacancy periods with your own rental home.
In my articles in the past newsletters I have discussed topics such as office vacancies and occupancy, valuing properties and key commercial terms to name a few. Most of the time I come up with the different subjects from questions from my clients. So suffice to say that is the same with this article. When…
Although it may still be cold outside, warmer days are coming fast! As spring approaches, we like to prepare for the warmth with a little sprucing up around the house. However, spring cleaning isn’t just about tidying up; it’s an opportunity to refresh your living space and breathe new life into every corner. Here are…
The world of real estate has certainly come a long way in the last 15 years or so. Online listings have completely changed the game. With all the new technology allowing home buyers to be able to take virtual tours, people are wondering if open houses are a thing of the past or if they…
