American Dollar Currency ConverterInvestors
Part of our business is from investors - from regular folks looking to invest in real estate instead of stocks, to large international asset management companies looking to expand their portfolios during this unprecedented buying opportunity.
The Phoenix market has seen the median value of a home go from a high of about $260,000 to $110,000 as of March 2010 - a 58% price reduction!
See the my Blog for the latest information and ramblings about the current state of the market - there's a lot to talk about!
Investment Strategies
While there are some great deals out there right now, keep a few things in mind:
- Lenders have a large "shadow inventory" of foreclosed homes. That is, foreclosed upon homes that are not on the market but being held in inventory.
- Commercial foreclosures and vacancy rates are spiking upwards and we haven't seen the end of it for some time to come.
- Mexico property is staying on the market longer and prices are moderating, primarily due to currency exchange issues. However, in some areas like the Riviera Nayarit, prices for this beautiful stretch of coastline just north of Puerto Vallarta are only going up. Unfortunately, crime is now a big concern and a long-term problem in all of Mexico.
Investment Goals
The main goal is to turn a profit, preferably on both rental income and resale. Different investors have different ideas on the net return they'd like to see, and what their time horizons are, but they all want to profit. Contact us today to find out where we think the best investment opportunities exist today in the Phoenix area.
Disclaimer
WE'RE NOT licensed Securities Dealers, Financial Advisors, CPAs, or Attorneys. We can't predict the performance or suitability of any real estate purchase. WE ARE highly skilled Real Estate Brokers with more education and experience than most, and we can help you find great investment properties!
Last updated: 9 March 2011