Market trends and real estate investing
You all know how important it is to check the background of any real estate investment such as:
Moreover, on of the most important issues in your real estate purchase is the title research of the subject investment but most investors fail to trend out the market area of the subject investment.
The real estate investing community generates some of the largest volume of news on a daily basis than any other form of investing or even news in general. Our community news rivals all other areas of news and because of this, we as investors need to filter the good from the bad.
The best way to deal with this is to simply study the market, verify the facts and then make your investment purchase.
Never take any ones word for what you should do when it comes to real estate investing until you have verified all the facts.
Our industry is one of the most lucrative sectors of business in the world and with it comes a lot of wolfs in sheep's clothing who are seeking out investors who are motivated by promises of high returns and who have limited industry knowledge. With this mix you will easily be parted from your money and have nothing to show but how you where taken advantage of.
You can avoid this by simply knowing the market area!
So how do you know your market area? Take the following steps and you will become a well-informed investors!
Step 1: Pick up some local real estate magazines from the market area and study what the asking prices are in the area of investment
Step 2: Search the online active MLS listings for the area of investing
Step 3: Read the real estate adds in the local newspaper
Step 4: Drive the neighborhoods where you would like to invest in
You will also find some great sites that will help you better understand the market area like:
Free Data Down Loads
Annual Home Prices for 330 markets, based onOFHEO repeat home sales index.
Home Value Ratings for 100 markets.
Risk Return Ratings for 100 markets.
United States Housing
Home Prices Where You Live
Low cost data:
Home Sales by ZIP Code
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