Don’t want to lose money in the stock market?

Dont want to lose money on the stock market? 

 Invest in solid equity Treasure Coast realty.

•  There has never been a better time to buy investment property, with some properties selling at 75% off the original selling price , the capitol value will continue to rise over the coming years.
•  Good investment property will provide income to cover expenses over the coming years, the investment bonus is not from the rental income but from the capitol value appreciation over the coming 5-7 years.
•  A good quality investment property Treasure Coast costing $175,000 with a 25% down payment of $43,750.  If the investment property rises at 6% over the next 5 years to $185,500. The capitol value increase of  $10,500 offer a return of  24%  on the $43,750 investment.
•  I have been involved in property investment for 30 years; I look for sound good quality homes in good areas that will show a good return in capitol value over the coming years.
•  Good homes in good areas make it easier to rent to good tenants who appreciate a quality home.
•  South Florida is one of the hottest property markets in the USA, investors from all over the world are taking advantage of the great deals available.
• A few examples of the bargains available.

Tesoro Home $1 million off the original price.   Harborage Condo originally selling for $500,000 now $159,900  Balantrae home reduced to $339,00

Ocean views selling for $800,000 when built in 2006 now $280,000

If you are serious about property investment on the Treasure Coast give me a call.

The homes pictures are examples of more great discount priced investment properties

Dear Buyer

I specialize in working with serious buyers. My expertise and knowledge allows me deliver top value in an investment property or new home, advice on finance and a timely closing for my buyers. If you want a professional Realtor working for you please call me.

Ken Duncan Realtor 

Telephone: 305-320-6744  Email: kenduncanrealtor@gmail.com

 

Florida’s existing home, condo sales up in July 2009

Florida’s existing home, condo sales up in July 2009

ORLANDO, Fla., Aug. 21, 2009 – Florida’s existing home sales rose in July – the 11th month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide existing home sales in July also rose over the previous month’s sales level.

Existing home sales rose 37 percent last month with a total of 15,882 homes sold statewide compared to 11,595 homes sold in July 2008, according to FAR. Statewide existing home sales in July increased 0.2 percent over June’s statewide activity. Florida Realtors also reported a 48 percent rise in statewide sales of existing condos in July.

Eighteen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales in July; the same number of MSAs also showed gains in condo sales. A majority of the state’s MSAs have reported increased sales for more than a year (13 consecutive months).

To gain insight into current trends in Florida’s real estate industry, the University of Florida’s Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. According to the recent second quarter 2009 survey, investor confidence in the outlook for business and availability of money are reasons for cautious optimism.

“I think we’re on the road to recovery and even though most markets report they’ve seen the bottom, it’s going to be a long climb,” said Timothy Becker, the center’s director. He noted that the investment outlook for single-family development increased to its highest level since the survey began, with more respondents than ever believing it is a good time to buy.

Florida’s median sales price for existing homes last month was $147,600; a year ago, it was $193,800 for a 24 percent decrease. According to housing industry analysts with the National Association of Realtors® (NAR), sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in June 2009 was $181,600, down 15 percent from a year earlier, according to NAR. In Massachusetts, the statewide median resales price was $306,000 in June; in California, it was $274,740; in Maryland, it was $274,008; and in New York, it was $189,900.

Several positive market factors are influencing the housing sector, notes NAR’s latest industry outlook. “Historically low mortgage interest rates, affordable home prices and a large selection are encouraging buyers who’ve been on the sidelines,” said NAR Chief Economist Lawrence Yun. “Activity has been consistently much stronger for lower priced homes. We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditions.”

In Florida’s year-to-year comparison for condos, 5,035 units sold statewide compared to 3,396 units in July 2008 for a 48 percent increase. The statewide existing condo median sales price last month was $108,300; in July 2008 it was $168,700 for a 36 percent decrease. The national median existing condo price was $183,300 in June 2009, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 5.22 percent last month, down significantly from the average rate of 6.43 percent in July 2008, according to Freddie Mac. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state’s smaller markets, the Pensacola MSA reported a total of 371 homes sold in July compared to 321 homes a year earlier for a 16 percent increase. The market’s existing home median sales price last month remained level compared to a year ago at $157,800. A total of 48 condos sold in the MSA in July, up 23 percent over the 39 units sold in July 2008. The existing condo median price in July was $250,000; a year earlier, it was $325,000 for a 23 percent decrease.

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Martin County

Let me help you find your dream home in South Florida! 

If you are looking for the right move abroad South Florida is the place to invest.

Ken@yourfraction.net

305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate Needs
If this is not the type of home you are looking for.

I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

http://kenduncanrealtor.com/category/foreclosure/page/2/

http://kenduncanrealtor.com/category/foreclosure/page/3/

http://kenduncanrealtor.com/category/foreclosure/page/4/

http://kenduncanrealtor.com/category/foreclosure/page/5/

Your Own Personal Home Buyers and Investors Agent

I have been actively seeking properties for several UK based investment funds for  several years, during this time I have studied the local market very closely which has given me the expertise to find good quality homes in sound neighborhoods which through time should see a substantial capitol value increase.

Let me take this knowledge and work with you to help you find the South Florida home that you have always dreamed about properties from $50,000 to $5,000,000 there has never been a better time to invest in Florida.

For more information regarding this property or similar properties in the area please contact me investment buyers agent..

 Ken@yourfraction.net

305-320-6744 Office hours

772-224-6378 Evenings and weekends

Buyers agent in the Treasure Coast

Realtor Treasure Coast

Ken Duncan

Depression Fears Subside on Bernanke Remarks, Stocks

March 16 (Bloomberg) — The biggest four-day surge in U.S. stocks since November and reassuring comments from Federal Reserve Chairman Ben S. Bernanke soothed concern that the U.S. is headed for its first depression in seven decades.

“The financial meltdown and accompanying depression scenario has been taken off the table,” said Jack Ablin, chief investment officer at Chicago-based Harris Private Bank, which oversees $60 billion. “The heart of the problem is the banking system, and news coming out of that sector suggests that we may have turned a corner.”

Banks from Citigroup Inc. and Bank of America Corp. to Barclays Plc indicated in the past week that earnings have been rising since the start of the year, and government data showed U.S. retail sales may be stabilizing after a six-month rout. With officials working on details of their bank-rescue plan, Bernanke said in an interview with CBS television’s 60 Minutes that the main risk is a shortage of political will to complete the task.

While the Standard & Poor’s 500 Stock Index surrendered a gain of as much as 2.4 percent today, closing down 0.4 percent, the gauge is still up 11 percent in the past week, the best performance this year.

Bank must get rid of the back log of empty foreclosed houses at a much faster rate than they are presently working at. If more of these homes were being sold it would clear the way for new building in the not so distant future.

Banks helped to get us into this mess and banks are slowing down the rate at which we get out. Their actions have to be questioned.

The Wall Street Journal Says “Its a good time to buy”

Six reasons why it’s still a good time to buy

NEW YORK – March 31, 2009 – The housing market is looking healthier. Here are six reasons why now is the time to jump into the market.

1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn’t owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available.

2. People have to live somewhere. About 800,000 new households are formed each year in this country, ensuring that the housing market will tighten, even if the economy doesn’t soar.

3. Borrowers leverage their investment. If you put $10,000 into the stock market and it earns 10 percent, you’ve earned $1,000. If you put $10,000 down on a home and its values increases 10 percent, you’ve made $10,000.

4. When prices come back up, you’ll have instant equity. In parts of the country where foreclosures have driven down prices, better times will mean the price of the home you buy will rise rapidly.

5. Mortgage costs stay the same. If you get a fixed-rate mortgage, the monthly payment stays the same – while everything else, including rent, goes upward.

6. You own it. There is something comforting in the notion that your home is your own. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.

Want to learn more about the home buyer tax credit? You can sign up for NAR’s upcoming Webinar, “Build Your Business Using the Improved Home Buyer Tax Credit” set for April 28.  For more information click here.

Source: The Wall Street Journal, June Fletcher (03/27/2009)

By the way this is not an April Fools Joke!!!!