If you're thinking about selling your rental property in Jackson, now could be the perfect time. Inventory is low and demand from investors is high. A quick look at the statistics below will tell you why. Jackson is experiencing a rise in population and property values (Data USA). Home prices in Jackson have increased by approximately 50% over the past five years, giving sellers the opportunity to sell and cash in on their assets (Zillow). Rents in the Jackson metropolitan area have increased year over year, which is always good news for real estate investors (RentCafe). This means that the…
Author: Private Lending Agent
Australia's largest private landowners and graziers, Donnie and Colleen Costello, have expanded their ranching empire to more than 9.2 million hectares with the purchase of the Mount Doreen Station in the Northern Territory for $70 million. According to commercialrealestate.com.au, the Costellos and their partner, former racehorse trainer Viv Oldfield, purchased the property, along with the range lease on the 733,700-hectare organic farm north-west of Alice Springs, for $34.7 million. They reportedly purchased 18,000 head of cattle at $2,000 each for a further $36 million. Mount Doreen Station was established in 1932 by William and Doreen Breitling and is located on…
MacRo is excited to welcome our new team members. Jackie McGaughey (Ramsburg) recently joined the MacRo family as a Sales and Leasing Representative. Jackie will play a key role within the organization, conducting market and data analysis, building customer relationships and supporting the sales and leasing transaction process. She will work closely with Ashley Quiggans, MacRo's Vice President, on a variety of strategic projects. “I am excited to join such a respected commercial real estate brokerage in the Frederick area and the Maryland market,” said McGaughey (Ramsburg). “I look forward to applying my analytical problem-solving skills and consulting experience to…
Welcome to Bob Villa's Guide to Flip Your Home. In this series, we'll show you the best places to flip your home, important steps to take when choosing a property, must-make upgrades and repairs, and unexpected ways to cut costs to get the most profit from your home flip. Here, you'll find fresh insights, Bob's proven advice, hand-picked shopping guides, and tips on the right professionals to help you get your flip across the finish line. The idea of flipping a home for a lucrative profit is appealing to many, but it's worth researching the market before doing so. Some…
Compared to Buckingham Palace, valued at $1.6 billion, and the most expensive home in the United States, known as “The One” in Bel Air, Los Angeles, valued at $123,833,152 million, Sarasota-Manatee's luxury home market remains modest, despite the most expensive home to date recently coming up for sale at $25 million. To compile this list of the area's most expensive homes, we used local property appraiser's records to find the 10 most highly valued homes in the area in 2022. (All 10 are in Sarasota County. The most expensive home in Manatee County is on Longboat Key, assessed at about…
Welcome to Bob Villa's Guide to Flip Your Home. In this series, we'll show you the best places to flip your home, important steps to take when choosing a property, must-make upgrades and repairs, and unexpected ways to cut costs to get the most profit from your home flip. Here, you'll find fresh insights, Bob's proven advice, hand-picked shopping guides, and tips on the right professionals to help you get your flip across the finish line. Buying a home with the intent of fixing it up and reselling it in a short period of time is commonly referred to as…
Home flipping is often romanticized and overly fictionalized, especially on shows like HGTV's Flip or Flop and Good Bones. This sensationalized trend has brought newcomers and investors into the industry eager to make a profit. Behind the spotlight, the current housing market is putting a damper on many of those dreaming of flipping. In 2021, home resales hit an all-time high, up more than 25% from 2020, despite the slowdown in construction at the beginning of the pandemic. ATTOM reported in February this year that more people are reselling homes, but the profits are falling. In parallel with the ATTOM…
A “We Buy Houses for Cash” sign on a property in the Grove Park neighborhood of Atlanta, Georgia, USA. [+] Saturday, May 22, 2021. U.S. states and cities are cracking down on wholesaling, a niche area of home flipping run by a plethora of mostly unlicensed agents lured by YouTube tutorials and a cutthroat market. Photographer: Matt Odom/Bloomberg© 2021 BloombergFinance LP John Burns Real Estate Consulting (JBREC), a major player in the commercial sector of the housing industry, recently noted that rising borrowing costs have forced many “fixer-and-flip” businesses out of the market, inspired by reality TV shows in which…
If you own a rental property in Jacksonville, now may be the perfect time to sell. With low inventory and high demand from investors, the market is favorable for sellers. Take a look at the real estate market statistics and you'll see why Jacksonville is currently a hotspot for investment. Employment, population, median household income, and median property values are all rising in Jacksonville (Data USA). Home prices in Jacksonville have increased by approximately 95% over the past five years, making it a great opportunity for owners to sell and cash in on their property (Zillow). Rents in the Jacksonville…
One of New York City's five boroughs, Staten Island offers a high quality of life and a laid-back country atmosphere. It's the third-largest borough by area but the least populated, providing residents with plenty of breathing room and plenty of natural spaces perfect for enjoying the outdoors. With access to Manhattan and an abundance of beautiful outdoor spots, Staten Island offers the best of both worlds. The neighborhood is home to a variety of suburban amenities, including shopping malls, outlet centers, restaurants, delis, and other daily living essentials, giving residents an incredibly convenient lifestyle. All of this combines to make…