I get asked all the time "Is Now The Right Time To Buy?" or "Why Should I Buy Right Now" and in the past I have given a response similar to this:"Now is a great time to buy because rates are low and prices are low. Historically, when rates are low, then prices are high. Or when rates are high, prices are low. So, this is truly a unique market in that you have the best of both."Don't get me wrong, I think that is a fine answer to give, especially since it was the answer that I have been giving to … [Read more...]

1. Budget Carefully- Don’t let a small price tag lure you into a quick deal. Questions you should be asking yourself: Do you have the money for extensive repairs? If you plan to rehab the home and then rent it, can you afford the house if you don’t find a tenant?I like to tell people to get a number in your head as to what you think it will cost to rehab, and then add 50% to it. There are always hidden problems that will need to be addressed. If you budget for that extra 50% and never use … [Read more...]

One of the things that I get asked a lot is "how much inventory is on the market?" One of the best ways to demonstrate this is to figure an "Absorption Rate."To figure the current Absorption Rate, it really needs to be broken down in to different categories and areas. Afterall, the west side of South Bend is going to sell completely different then what Granger is going to sell. From there, you can break it down in to price range to get even a better, more accurate number.To keep it simple on … [Read more...]