How fantastic would it be if you could predict the upcoming rise and fall of real estate in your area?Want to find out when to buy? When to sell?By the time you’re finished reading this you, will be changed. After all, a home is your biggest expense and investment, so let’s begin!Like any other product, real estate markets are based on inventory, supply and demand. I’ve spent a lot of time studying the mechanisms of our local real estate market, and I can share with my clients what to expect in the upcoming months. Home prices fluctuate constantly, from one square mile to the next.We often hear people talking about cycles. They can go either way, from low-end to the highest-end homes. I do research specific to each city: Ultimately, the cycles relate to the size and price of the area.In our area, the Monterey Peninsula, home prices vary from city to city. Depending on the area, the average home sale ranges from $150,000 to $17 million. So it gets very tricky to predict the future of today’s market.At the low end, we have homes selling in foreclosure at one-fifth of their value. So now the question becomes, will we see the same price drop with the highest-end homes?How should you find out about your local home inventory?The first step is to select a local realtor and ask him or her to send you a monthly report of active homes for sale, and also pending homes, in your area. I strongly suggest searching by city and price range. At the low end of the market, home prices are below $350,000.A couple of years ago we had a large inventory in Seaside: More than 200 homes were for sale in the summertime. Now we are down to an average of 74 homes, and I expect around 130 for the upcoming summer. Here in Seaside, I feel we have hit the bottom.I am now expanding to the higher-end home market where I would expect some nice price drops, with good bargain homes coming into the market.I recently did a search for homes over $1 million, first for a specific area and then for multiple cities in the Monterey Peninsula.Here is where I want TO GET YOUR ATTENTION. For the area called “Highway 68, Salinas,” close to the Pasadera Golf course designed by Jack Nicklaus and all the way to Las Palmas, I found 92 homes for sale for over $1 million and only ONE pending (under a purchase contract).I have clients who are looking for homes in this area, but when only 1 sale is pending, I say HOLD ON! Be patient: A better time to buy is coming.If low-end home prices have dropped from 80 percent to 20 percent of their value–for example, a foreclosed home that was sold three years ago at $350,000 selling at $75,000–I would expect a price drop at the high end, too, but not as dramatic.How much will the highest-end market fall? It’s hard to predict. Once again, inventory, supply and demand dictate the upcoming market. It’s very important to look at specific areas.A lot of homes prices were inflated in the past based on speculation, not income. You are probably asking yourself, “Why not look at sold homes?”"Sold” is in the past. Those deals were made months before the actual sale was recorded. You’re better to live the moment. The upcoming market is unpredictable, but looking at the pending home sales will give you a glimpse into the future.Technology is making real estate predictions in your area very easy, but PLEASE go to the right place to get the right information: Find a trusted realtor.The Multiple Listing Service that I have as a realtor is very precise. We have access to a lot of information that is not released to the public.If you want to speculate on real estate, get serious, and follow these tips:* Find a local realtor.
* Ask for a list of the active and pending homes in the specific area that you are interested in.
* Depending on the market, you may be able to search by price range.
* Ask what the inventory and average home sale were 12 and 24 months ago.Looking at the last 24 months will tell you if your market has hit the bottom or if a tsunami is headed your way. Realtors might be reluctant to provide you with this information without any commitments on your side. But you can encourage your realtor to become the expert in his or her area by providing this information to you and the public.Now, do you think you can forecast your local real estate market? This article is not intended to make you a real estate expert, but it encourages you to be careful and pay the right price for a home in today’s market.I’ll say it one more time: Team up with good local realtor, and both of you will be better equipped to make the right decision about when to buy.
Tag Archives: building
Raise Capital With Private Investors
If you have launched your own startup, your first biggest challenge is to raise capital. Fortunately, you choose from a lot of options to raise the funds your business needs. Among all the sources, crowdfunding is one of the best ones as it helps redefine how startups can get off the ground. In this article, we are going to help you know the benefits of raising capital with private investors through a crowdfunding platform. Read on to find out more.
Benefits of raising capital with private investors
1. Funding is not equity-based
First of all, crowdfunding is not necessarily equity-based. Although startups have the liberty to use the equity in order to catch the attention of potential investors, It’s not required to give up ownership to collect capital.
The good news is that some platforms allow their members to apply a reward-oriented approach in order to raise capital. For instance, if your business deals in a specific product, make sure you hand over a few units to your prospective investors before you roll it out for the ultimate users.
2. Attracting potential investors is easy
With crowdfunding, you can attract a lot of potential investors without putting in a lot of effort. Although you can try for angel investors, keep in mind that this process can cost you a lot of time. The reason is that you will have to pitch your small business concept several times.
On the other hand, if you use a crowdfunding platform, you will have to post your business pitch in only one place. And this page will be ready by hundreds of investors from across the globe.
These platforms have a lot of useful features that may help startups collect funds from investors. So, attracting potential investors and raising capital will be much easier using crowdfunding platforms.
3. Higher visibility
Crowdfunding can help you make your startup more visible. Since marketing may consume a large chunk of your budget, it makes sense to use a crowdfunding platform instead. For potential investors, it’s easy to fund a crowdfunding campaign.
And these activities can help boost the visibility of your brand. Plus, you can also attract investors for your next funding rounds.
The Bottom Line
If you want to raise funds for your startup, crowdfunding can be the best choice. All you need to do is become part of a crowdfunding platform and you will be able to tap into the pool of potential investors. And this will help you kick start your business and make it a success in the industry.
5 Tips To Help You Purchase An Air Purifier For Your Business
Today, businesses around the world are getting back to normal after the pandemic. However, there is still a lot of risk of airborne transmission of bacteria and viruses. Due to wearing a mask and staying away from people, most people have become weaker as far as immunity is concerned. Therefore, they are unable to protect themselves against respiratory viruses, such as the common cold and flu. If you are in this situation, we suggest that you invest in a good air purifier. Given below is a description of 5 tips that can help you purchase the best unit.
Technology
We suggest that you go for the best technology to cover your needs. According to the Centers for Disease Control and Prevention (CDC), air purifiers with HEPA filters can help you capture tiny particles of COVID-19. As a supplemental treatment, you can also go for germicidal ultraviolet light.
The good thing about HEPA filters is that they are made to capture more than 99% of airborne particles. They also have a high filtration capacity.
Strong Airflow
According to CDC, your chosen unit should have a powerful fan for the best circulation of air in your home or office. In other words, you cannot use residential units in your office or other commercial building. The reason is that they have weekend fans.
The point is that high-powered fans create a lot of air pressure. The idea is to make sure that there is enough airflow for proper air circulation across the whole place. For a commercial, you may want to invest in a medical-grade air purifier.
Reputation
Reputation is another major factor that you must consider. If you want to purchase a business air purifier, we suggest that you don’t just buy from any reputable brand. What you need to do is consider independent scientific testing performed in real-life situations. Besides, these tests should be done at a reputable center for validating claims.
Besides, you may want to consider case studies and get in touch with a few quoted customers in order to know about their experience. As a matter of fact, most buyers can happily share their views about the products that they have purchased.
So, you may want to read the sustainability credentials of the manufacturer before making this purchase for the first time.
Cost
You may want to purchase these devices as if you are going to make an investment. You may not want to take it as a cost or expense. Unlike a residential air purifier, hospital-grade units are far more expensive. Therefore, you may want to consider the cost factor before setting your project and purchasing these units for your business needs.
Conclusion
Long story short, we suggest that you consider these essential factors if you are going to purchase an air purifier for your business for the first time. The idea is to ensure that you get the best product that will cover your needs and stand the test of time. Hopefully, these five tips will help you make an informed decision.