Chinese Money Monster Gobbles up US Real Estate
Over the past 3-4 years I have read article after article talking about how the US Real Estate market is a bargain for foreign investment. This turns out to be especially true for China. Billions of Dollars in properties are being gobbled up all over the country.
Should we be worried or sad about this? I don’t really know, not my line of work. What interests me is why are American investors not seeing the same opportunities. Well, maybe they are, just not as visibly or on that scale. I also think that we have forgotten what a great investment actually looks like. Expecting outrageous returns hurt the market and took us down a horrible path. Correcting that will take years.
Should you buy just because it is cheap?
What will the expected return be? Is it even realistic?
Here is just one article about the subject
http://bigrockinvestments.com/chinese-interest-hawaii-market/
Here in the DC Metro Area, we have an abundance of opportunities to invest in great Real Estate and the time is now.
Investments are always to be taken seriously, but there is a method to the madness. It’s called homework of DUE DILIGENCE!
Ask questions! Get the numbers looked at. Have enough of a margin to cover a rainy day or a month!
Later this week I will discuss the top ten things to look at when investing in Real Estate.
DC METRO MORTGAGE MARKET MINUTE
BRIAN MARTUCCI is one of my favorite lenders in the DC Metro Area. He is my go to guy when I need a quick and precise answer about loans.
Open Houses – do they sell??
Open Houses do work in the DC Metro Real Estate Area
In a listing presentation, the OPEN HOUSE always question comes up. It often comes up before I get to it in the long list of things to talk about.
And it is a great question! Usually followed by many others like:
What is an OPEN HOUSE?
Does it work and even matter?
How will we advertise it?
Do we bake cookies?
Can we stay for it?, WHY NOT?
The list goes on and on. I am of the opinion that OPEN HOUSES do matter and have an important value. I’m not saying that because it is also seen as a real way for Realtors to get new clients. I believe we owe it to the public to keep this tradition alive. There is something great about a house full of new people checking out this “potential’ new home. Of course the statistics point to most being neighbors or just curious about the house.
IF the house however is priced, staged, marketed and the event is done correctly, there is a VERY high chance the new owners will be there to look at this house their agent sent them. In the DC Metro Real Estate Market, this happens a lot. Skilled Realtors do all the great legwork in advance and put together a great open house. INSIST ON THIS SERVICE!
As with everything in Real Estate and especially in the DC METRO Real Estate Market. Preparation and planing is key. Get all the marketing out there ESPECIALLY online.
If your Realtor doesn’t do OPEN HOUSES because “they are a waste of time”. Maybe they should put more time and effort in the whole process and get that home sold!
ENJOY this wonderful spring market!
BTW, we all do OPEN HOUSES at DC Living Real Estate LLC.
Check out our new website at DCLIVING.COM
