Tag: real estate investment
I have been at this for a few years now and finally I am seeing signs of optimism in our economy. Most experts agree that when people start buying homes again, the recession will have been ended for 3 to 6 months. We have seen more homes sold in the last 90 days!
Don’t get me wrong, there are plenty of homeowners who are in trouble and desperate to find a way out. For example, I know of at least one home builder who has drastically cut the prices on his spec homes on Isle of Palms. There are several investors,primarily real estate agents, who bought investment/rental homes at the height of the market and cannot hold onto to them much longer. They are calling me at regular intervals asking me to bring ANY offer. These are opportunities for those buyers who have always wanted to relocate or buy a second home at the beach. At prices that can make the rental investment make sense.
What are today’s buyers looking for in a resort/island/coastal home? If you have been following the market I am interested in getting feedback from you. Many sellers here on the island are at a loss as to what buyers want to see in order to buy a home.
What’s your opinion? If you were in the market to buy a second home or move to a resort area, what would you be looking for?
Send me your comments and I (with your permission) will pass them along to everyone following along on this blog.
More importantly, your ideas may help someone out of a tough situation, and help someone else to own the home of their dreams!
A new article in the Charleston Regional Business Journal contains information and analysis of the tax breaks offered by the new Stimulus package. Mark Cooter, of the accounting and advisory firm Elliot Davis, offers insight and analysis into some benefits for investors. The new laws are chock full of tax provisions for people interested in making real estate purchases in the current tax year. Besides the first-time home buyers tax credit of $8,000, there are other benefits that may make the decision of “to buy or not to buy” a bit easier for some. Most notable among the incentives is the extension of the bonus depreciation rules, which allow a 50% bonus over standard IRS depreciation allowances on fixed assets until then end of 2009.
Click HERE for the full article.