Jeannie Niles Real Estate Investment
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Why Did Real Estate Values Fall So Quickly?
Have you noticed how quickly we find out who the political winner is on election days? In times past, we waited late into the night while ballots were tallied.
With the efficiency of technology including the rapidity of information we now learn who the projected winner is within 10 minutes of the polls closing.
The stock market also encounters more volatility again because of information being so readily available.
When the news became negative every single day starting the second week of August 2007, the number of sales rapidly decreased. The decrease in sales further allowed prices to fall because of burgeoning inventory. More bad news comes on the internet and people become more and more fearful.
I believe this trend will continue until the news starts turning positive. I hope the prices come back as rapidly as they fell…….always a possibility!
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
