INVESTING IN REAL ESTATE–HURRY!

Mountain States Appraisal has released their 2012 Vacancy Report and, as expected, things are looking great for investors for the upcoming year. Vacancy is right at record low and rental rates are near record high. Additionally, there were roughly 8,400+ new jobs added in the Treasure Valley. You might have already noticed this change if your in the business. As a matter of fact, you might have felt it while doing as little as working on selling your own house. It would be wise to invest in some property management services, as a property management expert would be able to point you in the right direction on what to do to your home to make it easier to sell. The market is shifting, do you need to make your house a little better, or adjust the price? Maybe wait a bit? Consulting with an expert might be the way to go if you find you’re currently unsure.

Below is a quick video where I breakdown the numbers in a way that is more digestible for those of us looking for the highlights and here is a link to the entire report:

http://parkplaceid.com/files/MSA2012VacancyReport.pdf

It is still an opportune time to be purchasing investment property.  Rental vacancy rates are at historic lows.   Also, monthly rental rates have increased substantial within the last 6 months.  To add some more icing to the cake, home pricing and interest rates are at all time lows. For more real estate information and guidance visit https://reali.com/san-francisco-bay-real-estate/.

Do you have cash in a savings or retirement account which is collecting returns of .35%-1%?  If so, convert your money into a tangible asset (an investment property) and obtain nearly a 10% return on your money (not to mention the future appreciation of your asset).

 

*Information provided within this post was brought to you by Park Place Property Management