The Hogue Group, part of Keller Williams Louisville East

So the market on homes in your area is bad. Homes are selling for rates as far back as 2000. And you bought your home in 2003. This does not mean you are losing money if you sell it for less than what you originally bought it for.**

Currently a home bought in 2003 for 150,000 may have a value of 125,000. However when you look at the house that was a 250,000 home you can see a difference in price where it will sell for 212,500. Difference being 37,500. You as an upgrade buyer sold your home and bought a new home and saved an additional 12,500.00.

I welcome you to come to my site and do a free market analysis of your area to see how it is doing. It will give you an overview of properties and what they are selling for. Then do another for the area you want to move into. You will most probably be amazed that the houses you thought would cost much more are now more reasonably priced.

Look to trade up or even contact me to talk about becoming an investor. There are many resources out there and many of them cost but to talk to me only costs your time, and hopefully a listing on your home or a purchase contract on a new piece of property.

Remember back in the 80s when we heard the same story about how it was the best time to invest in stocks? That you need to buy for the long run and not try to do the buy sell market as blue chips were the best way? Well one of the things I suggest at this time is to invest in real estate. THEY ARE NOT MAKING ANY MORE LAND! Stocks will come and go. New ones will come today and be a flash in the pan tomorrow. But land is forever. Improvements on the land are the other investment. A well maintained home will appreciate in value. Not like the leaps and bounds they have in the past but still they will appreciate in value over the years. Also if you are using the property as income generation they can be a positive cash flow in a very short time frame. Are you going to have to do some work on them? The answer is yes. Upkeep is a must or value goes down. If you have expendable cash now is a great time to find some real bargains on property, many of which need little or no work to make them a rentable or lease to purchase property. The last part of the sentence before is key in my opinion. With more people having problems with credit and unable to get credit to buy, you will see more people trying to build their credit back. You can help them with lease to purchase programs that range from 1 to 3 years in term. Ask me how this works I am happy to help you get with the right people to get these relationships going.

Bank owned properties otherwise known as REOs are not strong as of yet in our market but may soon be as we are seeing a rise in short sales and foreclosures. Other areas of the country are already experiencing a sharp increase in REOs. I can help you find them and get you into these properties.

If you are not sure what an REO is or just want to talk about them and other real estate opportunites, contact me and we can have coffee or tea or a soft drink if you prefer.

Till next time,

Rick Hogue
502-649-3431