Real Estate Information


Real Estate: Reasons and Priorities for Purchasing Property



Real Estate: Reasons and Priorities for Purchasing Property. It's not just about Real Estate as an Investment.

By Jody Hudson www.JodyHudson.com

Real Estate can be a great investment with unusual appreciation. We have had several years years of exceptional annual appreciation.

We are still having great appreciation, perhaps as much as 20% annually in some areas. But, it is not as extensive nor as much as it was. Real Estate as an investment can be fairly good to best in the world -- but it is an investment that is best viewed over the long term; There can be long periods when it does not go up in value much, if at all. Taken over a period of decades or even centuries, nothing on earth beats it.

Another problem with real estate is that it is not liquid, that is, it is not easy to convert to cash -- like stocks, bonds, and savings accounts are. Real estate is particularly non-liquid during a downturn in our markets. You will

not likely hear this anywhere else, especially from other Realtors, but real estate is not a great investment, it is usually a good investment but not always, and not all the time -- when looked at short term.

Too many people buy real estate as an investment and forget that there are other reasons to buy. I suggest that you will be much happier if you purchase real estate for use and for lifestyle rather than as an investment, when it comes to your place of residence or your second home. Perhaps it should be almost entirely about lifestyle. After all, a primary residence or a second home should be a place to enjoy a lifestyle that allows you to relax and wind down from the rest of life.

If you live a very public life, one where people are always seeking you out, where you are always in the light of public scrutiny and often in the press for instance; if your normal life is one where you must always been on your best behavior and always crafting each word and action for it's best value - then perhaps a private place, away from others, a place where you don't know your neighbors, is just right for you. There are some communities that are unique. There is one just for you!

Perhaps the lifestyle you want is right in the middle of everything. Take a look at various properties for sale. Each of these properties has it's own personality of location and lifestyle. Ask your Realtor for lifestyle particulars about any of them. Most importantly, visit them on your own and find out from the other residents by meeting them and asking. Weekends are a great time to walk the area and speak to those working outside!

One of the things I try to convey to people who are at stages in life where lifestyle is really the only reason to purchase a home -- is to think about only "lifestyle". Are you really trying to buy an investment that will appreciate over a period of time so that you can sell it for a profit in the future? Or are you trying to settle into a lifestyle that will allow you to enjoy your home and surroundings and other aspects of your life?

Perhaps your other investments are in place, you are seeking a retired life and you wish to enjoy the lifestyle of a million dollar home, but don't want to take that money out of liquid investments, that you might need to access. In such a case, you might want to purchase a home on leased land. The owner of the land will get the appreciation but you can save, in some cases a million dollars or more, by getting a home on leased land. In some cases that might be a mobile home or manufactured home on rented or leased land. In our area of southern Delaware, most of the people living in land-lease communities do NOT look at the home here as an investment! They have investments.

Perhaps your perfect lifestyle home will not appreciate in value much or at all... at least not in the short term. BUT as long as you keep your home in top shape and are in a desirable community, you are most likely not losing anything at all. If you are considering a community that involves leased land, or "ground rent" as some folks call it, then consider what else you may be getting out of the deal.

Here and in other areas, some land-lease parks or communities allow you to live life like one of the wealthy without paying for it and without time and cost of maintainance. You may get benefits such as swimming pools, private beaches, marinas, tennis courts, grass cutting, trash removal, daily or hourly security drive-bys, etc. The communities that I know of that are in "fee simple", that is where you own your own land, do not provide all of these benefits, (though I do know of many that provide some).

Consider what it is you want out of home or out of a vacation home. If low maintenance is a priority for you at this point, the manufactured home community may be the best choice, perhaps. Also, you need to consider how much you are willing to spend on a vacation home. This will hold a major bearing on what you will eventually purchase. There are many options for people who are in your situation. You just need to balance your wants and needs in priority order. Next, consider your finances. There are many desirable factors in owning each different type of residential real estate. All we ask, is that for YOUR improved happiness, please consider Lifestyle instead of only investment appreciation!

Copyright 2004 by Jody Hudson
Other articles by Jody may be found at
http://www.kate-jody.com/essays/index.html

Jody Hudson: MrJodyHudson@earthlink.net and www.Kate-Jody.com

Jody Hudson was raised as a farmer in Delaware. In 1969 he and his father began "planting houses instead of crops" on the land. It was far more profitable. In 1972 he got a real estate licencse. In a few years he became the youngest real estate broker in Delaware history. In 1982 he was selected by Who's Who in American Real Estate as it's youngest member at the time. He has created about 40 residential communities and sold real estate in Delaware and across he nation. He has written several valuable articles http://www.kate-jody.com/essays/index.htmlfor you. Enjoy!


MORE RESOURCES:
Real Estate Briefs | Business  Charleston Post Courier

New trends for homebuyers. Once we buy our dream home or dream home in progress, we're always looking for the next big thing. Though Charleston-style ...


Real Estate Song Appears in Flat-Earther Doc, Band Denies Approving  Pitchfork

While I do think it's a pretty funny re-contextualization to use our song 'Horizon' in a doc about flat-earthers, no one in the band approved it”


Feb. 16 Real Estate Transactions  The Newark Advocate

The first name(s) listed is the seller and the second name(s) listed is the buyer.


Real Estate Happenings | Real Estate  Charleston Post Courier

Broker A Course – Brokerage Management. WHAT: A 30-hour Broker A Course – Brokerage Management. WHEN: Feb. 25-28; 9 a.m. - 6 p.m.. WHERE: 5006 ...


Real Estate Investors Expecting the 20 Percent Tax Deduction Under the New Tax Law Might Be Disappointed  Inc.

More than 30 years ago, the tax law was changed to come down hard on passive investors by limiting the losses they could claim under the passive activity loss ...


6 tough commercial real estate conversations (psst, cooperation can help!)  OCRegister

Cooperation is a reality in commercial real estate deals. Meaning, a buyer and seller or landlord and tenant must reach an agreement. Simple. But there are ...


All Things Real Estate: You could be held accountable for cutting down city-owned tree  Fairfield Daily Republic

Q: We bought an older home in August. It's a fixer-upper that hadn't been lived in for over a year. The neighbors were happy to see us buy it because the yards ...


Commercial real estate transactions from The Oklahoman for Feb. 23, 2019  NewsOK.com

Price Edwards & Co. reports these real estate transactions: • Integris Baptist Medical Center leased 9136 square feet of office space in One Corporate Plaza at ...


Real estate briefs from The Oklahoman for Feb. 23, 2019  NewsOK.com

St. Jude Dream Home groundbreaking to be Monday ARCADIA — Cadence Homes and sponsors and supporters of St. Jude Children's Research Hospital will ...


How healthy is western Washington’s real estate market? Economist weighs in  Q13 News Seattle

SEATTLE -- The real estate market is cooling in western Washington and across the country, but is that a bad thing? Not according to Windermere Real Estate's ...


Real Estate | News, Sports, Jobs  Morning Journal News

Butler Township Neil Brown to TBR Investments LLC, home on Valley Road; $63000. Lower Elkton Properties LLC to Mark R. Schwingle and Brittany A. Skiba, ...


Sold: Search the latest Macon County real estate transfers  Herald & Review

Decatur. 1937 Dagmar Place, $50,000, estate of Frances E. Evans, deceased, to Kam E. Thompson and Corey A. Thompson. 822 W. Decatur Ave., $12,100 ...


Public Records: Coshocton Co. Real Estate Transfers  Coshocton Tribune

Dec. 31. 1005 Michael B. Stottsberry to Connor J. and Tiffany M. Quillin, 50596 Township Road 15, Coshocton, $50,000. 1007 Mara Lee and Donis J. Mitchell Jr.


Can A City Council Regulate What Real Estate Agents Are Paid?  Forbes

The New York City Council proposal, introduced last week by Council members Keith Powers and Carlina Rivera, intends to cap real estate agent commissions ...


Affordable Housing: 11 Ways The Real Estate Industry Can Help  Forbes

The lack of affordable housing is a complex issue. Here are some things the real estate industry can do to help address the problem.


Play the Real Estate Segment with These 5 Stocks  Zacks.com

Not many have the inclination or the means for real estate investment, despite the fact that it helps diversify the portfolio and balance out its risk/reward profile.


Real Estate Transactions: Feb. 23, 2019  Fairfield Daily Republic

598 Daffodil Drive – $649,000, 01-18-19 [3 Bdrms – 1902 SqFt – 1989 YrBlt], Previous Sale: 02-06-06, $624,000. 237 Hillcrest Avenue – $510,000, 01-15-19 [4 ...


Solo 401(k): The Secret Weapon For Savvy Real Estate Investors  Forbes

Talk to a wide range of successful real estate investors about the secret to their success, and one of the more common responses is the use of leverage.


Real Estate Investors are Missing Out on a Major Source of Passive Income  Entrepreneur

With the cost of housing rising and people buying fewer homes, it's important to plan ahead. Real estate investors need to anticipate the next potential market ...


Two more real estate investors, nine total, sentenced to prison for bid-rigging conspiracy  WLOX

Two more real estate investors have been sentenced in their roles in a bid-rigging scheme, in violation of the U.S. antitrust laws, that involved real estate ...


The Real Estate Walking Dead: Three Tips To Surviving Your First Recession  Forbes

The S&P 500 declined 7% as 2018 came to a close, according to Investors: “That puts 2018 on track to be the market's worst year since the Great Recession ...


Inside Nipsey Hussle's Blueprint To Become A Real Estate Mogul  Forbes

With business partner Dave Gross, rapper Nipsey Hussle is building an empire boosted by a tax break popular with billionaire venture capitalists.


List Leaders: Largest Twin Cities commercial real estate deals in 2018  Minneapolis / St. Paul Business Journal

The top three largest commercial real estate sales in 2018 were all in downtown Minneapolis.


These Cofounders Want To Bring Back The 'Romance' Between Real Estate Agents And Clients  Forbes

Before the advent of technology, a real estate agent could make money sitting in the office all day. A family would stop at the corner real estate office on their way ...


Couple turns tree into real estate after tornado causes irreversible damage - Albert Lea Tribune  Albert Lea Tribune

Thank you for supporting local journalism and your community! We hope you enjoy 10 free stories each month and we invite you to subscribe to unlimited digital ...


New To Real Estate Development? 14 Things You Need To Know To Build Success  Forbes

Like most industries, real estate has changed over the years. If new real estate developers want to be successful, they must not only get a feel for what the ...


Commercial Real Estate Gains in 2018 With Changes Ahead  Hawaiipublicradio

A leading commercial real estate firm says 2018 was a good year for the sector in Hawai'i. And this year is likely to be one of change.


High School Students Are Blanketing My Block in Litter  The New York Times

Getting teenagers to clean up after themselves isn't easy. You might just have to talk to them.


Real Estate Watch: 401 Northland Avenue  Buffalo Rising

Every once in a while we come across an awesome property, at a fair price. Therefore, we feel that it's our duty to showcase the property, in hopes that someone ...


Mark your calendars: These are NYC’s top real estate events next week  The Real Deal

These are the top NYC real estate events happening 2/25-3/4.


Howard Hanna Real Estate Services sets four Open House events | News, Sports, Jobs  Warren Tribune Chronicle

Howard Hanna Real Estate Services, the third-largest real estate company in the country, will host four Open House event weekends — beginning today and ...


Local Best Buy Real Estate Deal for week of February 17th  WECT

A local realtor showcases a downtown home in the historic district considered a best buy.


Houston's most deluxe real estate rentals, revealed  KTRK-TV

Explore the most deluxe rentals on the market in Houston.


Restaurants, housing and more: Five takeaways from Evansville's State of Real Estate  Evansville Courier & Press

F.C. Tucker Commercial officials were in a reflective mood Thursday as they made their 25th annual State of Real Estate presentation.


This Quiet Beach Town Is Florida’s Next Real Estate Hot Spot  Coastal Living

Once tainted by a scruffy past, this small city on the Atlantic is being touted as the Sunshine State's next big luxury market.


‘Zillow 2.0:’ Real estate giant embarks on fundamental shift, projecting home sales operation will become a $20B business  GeekWire

The company will pin its future on Zillow Offers, a program launched last year that lets potential sellers request offers directly from Zillow. Leading the company ...


Gilligan Realty, a top L.I. real estate firm  liherald.com

Eileen and Sarah Gilligan, co-owners of Sea Cliff's boutique real estate firm Gilligan Realty, credit their success to two simple rules: the practice of treating ...


Real Estate Report: Inventory up 10% from 2018  Marco News

The inventory of homes, lots and condos for sale on Marco Island totaled 1120, up 10 percent from a year ago.


How to Sell Your House Without a Real Estate Agent in 2019  TheStreet.com

If you want to save as much as 7% of the sale price that your real estate agent and the buyer's agent will share as their commission, you might want to sell your ...


HBO series being filmed in former Sears in Charleston mall  Charleston Post Courier

For 37 years Sears at Citadel Mall sold appliances and housewares until it closed last year. The site then briefly carried Halloween-related items in a pop-up ...


Jonathan Keyser joins Forbes Real Estate Council  AZ Big Media

Forbes announced that Jonathan Keyser, founder of Keyser, has joined Forbes Real Estate Council, an invitation-only community for top executives in the real ...


Financials And Real Estate Valuation - Update  Seeking Alpha

Valuation metrics in financials and real estate. Evolution since last month. A list of stocks looking cheap in their industries.


What real estate investors need to know about tax law changes — including the potential downsides  MarketWatch

The Tax Cuts and Jobs Act (TCJA) made several favorable changes to the federal income tax depreciation rules for real estate. Here's what real estate investors ...


Real estate news: Irvine Ranch water district breaks ground on office campus dubbed The Source H²O  OCRegister

A new office community is taking shape in Irvine, the land of many office campuses. Irvine Ranch Water District has broken ground on a two-story office campus ...


Taylor corruption probe leads FBI to real estate mogul  The Detroit News

FBI agents raided the home and business of a real estate mogul as part of a broader public corruption investigation.


Millennials and Gen Z are driving trends in commercial real estate, panelists say  Richmond.com

Asked to forecast where the Richmond area's commercial real estate market is headed in the next five or 10 years, experts speaking Tuesday didn't have solid ...


Top-selling Houston Real Estate Team Shifts to KW Platinum  Benzinga

HOUSTON, Feb. 23, 2019 /PRNewswire-PRWeb/ -- KW Platinum is thrilled to announce the move of top-selling local real estate team: The Lippincott Team.


New York's expensive real estate market now straining for growth  CGTN America

In New York, one of the most expensive places to live, the real estate market is showing signs of growth strain.


McKenzie Real Estate purchases Bia’s  Asheboro Courier Tribune

ASHEBORO — McKenzie Real Estate has purchased the building that previously housed Bia's Gourmet Hardware, which closed its doors on Feb. 2.


EXCLUSIVE: WeWork Backer SoftBank On Its Disruptive Real Estate Push  Bisnow

SoftBank's deep pockets help it fund disruptive but loss-making companies.


Downturns in the Local Real Estate Market Create a Need for New Home-selling Solutions, Publishes I Buy Pueblo Houses  Markets Insider

PUEBLO, Colo., Feb. 23, 2019 /PRNewswire-PRWeb/ -- One local entrepreneur has set out on a mission to turn the tide of the Pueblo real estate market in favor ...


New Orleans real estate transfers for Jan. 12-18, 2019  NOLA.com

1ST DISTRICT. Banks St. 2730: Succession of Steve Antonini to Deborah Johnston and Laurie Bernard, $295,000. Baronne St. 1422-1424: Felicity ...


5 TIAA Real Estate Arm Launches New Multifamily Fund National Multifamily National Multifamily February 19, 2019  Bisnow

Nuveen Real Estate is launching an open-ended multifamily fund targeting Class-B apartment properties occupied by millennials and middle-income renters.


Strafford County real estate sees sluggish start to 2019  Seacoastonline.com

DOVER — Residential real estate sales in Strafford County started 2019 in the same manner they finished 2018, down in both single-family home and ...


Tucson Real Estate: Healthy Aging Center coming to midtown  Arizona Daily Star

Pima Council on Aging will add programs in new facility at 600 S. Country Club Road.


What's It Take to Sell a Home on Chicago's Lake Michigan? Patience  The Wall Street Journal

Some grand old homes on the North Shore are awaiting buyers who are willing to invest in a historic property and renovate to suit their tastes.


Alexandria Real Estate Equities Inc (ARE) Holdings Raised by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.  Fairfield Current

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 4.9% in the fourth quarter, ...


North Bay commercial real estate sales from Sonoma, Solano, Marin counties  North Bay Business Journal

Here are the latest business leads from transactions in San Francisco North Bay counties of Sonoma, Solano and Marin.


Real estate investors could have been killed in booby-trapped Philadelphia house  NBC News

A team of Philadelphia real estate investors said a house they purchased was booby-trapped with a swinging knife that could have seriously injured or killed ...


Full-Time MBA Careers: Real Estate  Stephen M. Ross School of Business

See how the Michigan Ross Full-Time MBA program will prepare you for a career in real estate.


Fairfield County real estate listings climb as SALT protests grow  Greenwich Time

As Connecticut's two senators threw support to a bill that would cancel a cap on IRS deductions for local taxes, a surge in Fairfield County home listings in the ...


The Best Real Estate In A Recession: Student Housing  Seeking Alpha

Experts appear to be in general agreement that we are well into the late cycle of the current economic expansion. Defensive REIT investors should look to ...


REAL ESTATE MATTERS: Should you fix up a home or sell as is?  Sarasota Herald-Tribune

We recently received a letter from a woman who was selling her late sister's home. She said the home was in bad shape, in a declining neighborhood, and she ...


Singapore Real Estate | Luxury Real Estate | Good Class Bungalows  The Real Deal

Singapore's most appealing homes, known as Good Class Bungalows (yes, really), are reaching record prices thanks to exclusivity.


Private Equity Real Estate Funds See Slower Growth  National Real Estate Investor

Private equity real estate funds are bracing for more competition in the coming year as fundraising appears to be pulling back from record highs. According to ...


E. Africa real estate investors discover the working class  The New Times

The last 20 years of real estate boom in East Africa has changed our building landscape and inventory, as it quite rightly should have done. Our starting point ...


How much? Tompkins County real estate transactions  Ithaca Journal

Real estate transactions for Nov. 25 through Dec. 1.


Westport Real Estate Price Changes  Westport Now

Westport real estate price changes over the past week: 3 Hills Lane $355,000->$347,500 9 Tiffany Lane $690,000->$670,000 6 Lyndale Park $749,000-> ...


Chicago most popular real estate stories from  Crain's Chicago Business

News on Al Capone's former two-flat and record low housing inventory top our list of the most-viewed real estate-related stories on Crain's website last week.


The Future Of Real Estate: Fintech 50 2019  Forbes

Here are the six real estate companies that made the Forbes Fintech 50 in 2019.


A journey into real estate: Mitchell native Hanson sees success...  Daily Republic

Jordan Hanson is a risk taker. He's taken many in his professional life, gleaning a wealth of knowledge in the process. The 31-year-old has started seven ...


Luxury Real Estate Sales Surge in Montreal  Shupilov Real Estate News

A Royal LePage report found that Montreal's luxury detached housing market fared well in 2018. The average luxury home appreciated 5.4% year over year to ...


Massachusetts real estate transactions: Hampden, Hampshire and Franklin counties, Feb. 17, 2019  MassLive.com

Here are deeds recorded in the Pioneer Valley, published in the Sunday Republican for the week ending Feb. 17, 2019.


Suit-wearing real estate agent jumps off cliff for owner  New Zealand Herald

A real estate agent has shown how far he will go to sell a house by jumping into the ocean at the owner's request - fully clothed in his signature blue suit and tie.


home | site map
© 2007