3-year median sales price data of Townhomes in zip codes 98117, 98115, 98103 (portions of Green Lake, Licton Springs, Phinney, Ballard, Greenwood) requested by a client. http://nwmls.stats.showingtime.com/infoserv/s-v1/ObmV-vdn

10-Year Data of 2-Bedroom Condos in 98109 zip code

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10-Year Data of 2-Bedroom Condos in 98109 zip code

Decisions, decisions: To Sell or Hold onto a Rental

Simple:  When the average Cap Rate in the surrounding area where the property is located is at an all-time low, it is a good time to sell!  J

This simply means that property values have gone up drastically that the rental market has not caught up or it has lagged behind. This could stem from migration into the area in which buyers would rather buy than rent.

Sometimes selling an investment to roll-over into another investment that provides a better return might just be the right recipe. Circumventing capital gains tax via a 1031 Tax Exchange is the answer.

What is a 1031 Tax Exchange? Stay tuned for the next post...

We’re here to earn your trust and we’d like to see you succeed. Contact us at (800)780-0226.

 

 

 

How To Buy A Rental

When it comes to investments, it is all about Return On Investment (ROI).

Hypothetically speaking, if you invested $100,000 in say stocks, mutual funds, bonds or rental property for one year and your $100,000.00 became $105,000.00, the $5,000 return (or 5.0% per annum) is what we call the ROI. 

When it comes to rental properties, the Return On Investment is derived by simply dividing the property’s annual cash-flow (NET income) by the total cash invested.

For example, if you bought a property for $250,000.00 and it is providing a positive annual cash flow of $18,000.oo, you’d simply divide $18,000  by  $250,000 and you’ll come up with a 7.2% ROI.

What is CAP rate? Cap rate is short for capitalization rate. And it is derived by simply dividing the Net Annual Operating Income of a property by its price. Cap rate is a good starting point when shopping for a rental home or commercial property to buy. Initially, you can gauge whether a property is over-priced or not by just comparing its Cap rate to the prevailing average Cap rate in the area. Sellers and Listing Brokers alike will easily divulge the Net income of the property they’re selling.

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A property with a higher-than-average Cap rate however, doesn’t always translate into an acceptable ROI. Cap rate doesn’t incorporate nearly all of the other financial factors that should be considered when making an investment decision.

ROI calculation seems simple in the example above. But there are intricate details that should not be overlooked when calculating the ROI. This is where your knowledgeable real estate broker comes into play. Not all real estate Agents/Brokers have the knowledge in properly calculating a property’s ROI based on a buyer’s unique financial situation.

You have questions, we have answers!!!

There are inherent advantages that are unique to investing in real estate over other investment vehicles. Most notably is the yearly depreciation deductions. Another is the property appreciation over time.

In the real world, most buyers will need a purchase loan when buying a property. This is where calculating the ROI gets a little complicated. When an investment purchase is financed, stealth cash-flow (as I like to call it) should also be taken into account.

We’re here to earn your trust and we’d like to see you succeed. Contact us at (800)780-0226.

 

9 Ways To Avoid Foreclosure

1.) Reinstatement:  Bring the loan current by paying all outstanding/overdue payments.

2.) Forebearance:  Temporary repayment plan

3.) Refinance:  Procure a new loan to pay off the existing loan, possibly with lower monthly payments.

4.) Loan Modification:  Modify original loan terms with more affordable monthly payments

5.) Sell the Property:  Proceeds will be used to pay off entire loan balance including arrears.

6.) Rent the Property:  Bring the loan current first.

7.) Short Sale:  Negotiate with the bank to accept a payoff that is less than the current loan balance

8.) Deed-In-Lieu of Foreclosure:  Surrender the property title to the bank.

9.) Bankruptcy:  Will delay foreclosure but it does NOT stop it.

At the end of your ropes? We can help you avoid foreclosure.

Carlo Delizo, Team Lead & Managing Broker
Benchmark Team (Dba. RE/MAX Metro Realty Inc.)
Certified Distressed Property Expert (CDPE)
Short Sale & Foreclosure Resource (SFR)
Direct: (425) 444-1010
Fax: (800) 591-0858
E-mail: RealEstate@CarloDelizo.com

 

Rising Home Prices are Helping Millions out of Challenging Situations

March 2014 marked the 25^th consecutive month of year-over-year increases in home prices, according to the CoreLogic Home Price Index Report. For millions of homeowners, the recent increase in home prices is helping to end struggles that began when the housing crisis first hit.

As home prices increase, homeowners are regaining equity in their homes. Homeowners who were underwater, or owed more on their mortgage than their home was worth, are finding they aren’t any longer. In fact, more than four million homeowners regained equity since the housing crisis ended!  

I have a report entitled “Need a Second Chance?” that explains how the rising home prices are helping homeowners and what it means for you.

You can instantly download the report by going to www.Sold-In-45days.com. Once you get to the website, click on the thumbnail on the right side bar. Or you may also request a free copy by calling 1-800-780-0226. After reading the report, contact me today for a free market analysis and to discover what your home is worth.

My team, Benchmark Team, serves homeowners in the Seattle - Bellevue - Everett metropolitan areas and outlying cities.

Sincerely,
Carlo Delizo, Team Lead & Managing Broker
Benchmark Team (Dba. RE/MAX Metro Realty Inc.)
Certified Distressed Property Expert (CDPE)
Short Sale & Foreclosure Resource (SFR)
Direct: (425) 444-1010
Fax: (800) 591-0858
E-mail: RealEstate@CarloDelizo.com

Why Now is the Time to Buy or Sell a Home !

After years of nothing but negative reports about the housing market, it is hard to believe recent news about the “housing market rebound” and “why now is a great time to buy or sell a home.” However, the reality is that the housing market has recovered remarkably quickly and created unique opportunities for those looking to buy or sell a home.

For those looking to buy a home, interest rates for mortgage loans remain incredibly low. For 2014, the average annual rate has hovered around 4 to 4.5%. These low interest rates make buying a home more affordable than at almost any time in the last 40 years.  

For those looking to sell, home prices are up significantly and continue to rise. In fact, home prices rose by 12 percent in January 2014 compared to January 2013. What’s more, there are not enough homes on the market to meet the current demand. The simple principle of supply-and-demand is helping those selling a home get top dollar for it. 

 

I have a report entitled, “The Miracle Housing Market,” that further explains why now is the perfect time to buy or sell a home. You can download the report from my website www.CARLODELIZO.com by clicking on the link on the right sidebar.

After reading the report, contact me today to explore the options available to you!

My team, Benchmark Team, serves homeowners in the Seattle - Bellevue - Everett metropolitan areas and outlying cities.

 

Sincerely, 

 

Carlo Delizo, Team Lead & Managing Broker
Benchmark Team (Dba. RE/MAX Metro Realty Inc.)
Certified Distressed Property Expert (CDPE)
Short Sale & Foreclosure Resource (SFR)
Direct: (425) 444-1010
Fax: (800) 591-0858
E-mail: RealEstate@CarloDelizo.com