Monthly Archives: July 2016

Qualify homebuyer leads

You prepared your home for winter as homeowners do every year. How’s that going so far?

Mid-way through the winter (Yes, I am an optimist by nature.), how well have your plans and precautions worked out? Are there things you should have done and now regret patching temporarily or skipping? Are there precautions you took that appear not to have been necessary – so far?

For many, winters are not what they were. “Seasonal” and “normal” no longer apply to much of our local weather. Eastern states had weeks of “unseasonally” warm fall weather while many southern states have struggled with “unseasonally” wet and snowy weather. Standard preparation for seasonal or normal winter weather in your location may not include enough precautions. Preparation should be as extreme as our weather.

Will this winter teach you to expand stockpiling and equipment acquisition to include coverage for weather beyond the norm?

If snowfall is atypically extreme, you may benefit from broadening resourcefulness by adding flood clean-up supplies to your shopping list ready for the spring melt. In addition, prepare your property. For instance, make sure lot grading will carry water away from your home.[bullet] If snow was a rare event, but colder weather is no longer a complete surprise, play it safe by insulating exposed pipes or having necessary supplies on hand for burst-pipe clean-up.

If severe storms are increasingly more likely, compile a “be prepared” list of recommended professional services, so you’re ready to quickly arrange high-quality repairs – everything from roof and windows to collapsed hillsides and burst pipes. This knowledge will ensure fast recovery from unexpected damaging weather.

If you have mature landscaping, protect your investment shrubs and trees from high winds and other potential damage. Think ahead because replacement with smaller, younger plants will change the look of your garden and potentially the curb appeal of your real estate.

Stop everything and celebrate when unseasonal pleasant weather appears. Make sure you take advantage of every minute.

The best time to prepare for winter 2018 is right now. As well as taking monthly and post-storm inspection walks around the outside of your buildings and around the perimeter of your property:

Make note – jot on the calendar, add to your phone, open that file – of anything that could use adjustment, seems worn out, or that frustrates you now. For instance, last winter, I spent too much time hauling bags of salt from the rear garage when the front sidewalk iced over. Last fall, I modified front-yard garden storage, so a few bags of salt can be stored close at hand, ready for easy winter application.

Behind of The Real Estate

There are times when the growth of the real estate industry has drawn the nervous energy of local or national media expecting a downfall after a period of prolonged growth. There are some serious flaws in the logic behind expecting a burst in the real estate bubble nationally and during any period of prolonged growth, you as a real estate investor should not panic in the expectation that a market fall will ruin your investment.

Of course, there are exceptions to every rule and there are times when a very localized market depression (such as the downturn of an area neighborhood) can profoundly affect a real estate investment. Extrapolating things like that into a national concern, however, ignores the fact that there really is no national real estate market.

The overall picture of the real estate market that the media uses to describe economic indicators is really made up of thousands of small real estate markets. Any time that a market is spread over that great of an expense, the chances of every tiny market failing at the same time are extremely slim. That is indeed what would be necessary for a national real estate market crash, making such an eventuality extremely unlikely.

To call something a “crash” takes an extreme drop off over a short period of time, something that would be difficult to accomplish in any real estate market. Pieces of information like population growth, new construction statistics and other economic measures can forecast a general trend for any real estate market well in advance.

Certainly, real estate markets will downturn from time to time, but no downturn happens in such a short period of time so as to trap investment money. Generally speaking, you can always get out if the writing is on the wall and that fact separates real estate markets from something like the stock market that can crash more easily.

The nature of real estate investment also provides some insulation behind any kind of dip in the real estate market. For those holding properties over a long period of time as investment opportunities, if a dip does happen in the local real estate market, the long term nature of your investment dictates that you will hold it long enough to see an upturn in the market. Real estate markets rarely stay down for over a decade and for a long term investment, that storm can certainly be weathered.

For short term flips, often the atmosphere of the local real estate market will not have time to change by the time you are looking to sell off your investment project. Fixer-upper properties and the like will often take a few months when the arrival of a market depression can take at least that long to show up.

Early economic indicators will tell you what the market may be like in a few months time and that is certainly something to look at when getting involved in a short-term investment. Simply put, by the time a market depression could affect your short-term investment, you’ll probably have sold it off.