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16 October 2024 | 0 replies
The September 2024 report from the Austin Board of REALTORS® (ABoR) shows housing prices in Austin and the greater metro remained fairly stable over the past 12 months.
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18 October 2024 | 7 replies
All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties:Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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16 October 2024 | 2 replies
Been buying in Little Rock metro area for the last 7 years and SW has been one of our main areas.
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16 October 2024 | 16 replies
Hello everyone,I'm just starting out in the Atlanta Metro Area and I'm looking to buy my first property in the next 3 - 6 months.
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15 October 2024 | 2 replies
Ideally, looking for 'standard' contracting for the state that is aligned with local / municipal /state laws pertaining to tenant and landlord regulations.Thank you.Hi Tanya,At the beginning of 2023, I was very close to purchasing an 8-unit deal in Overland Park, which is part of the Kansas City metro area.
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21 October 2024 | 176 replies
If and when they sell, they have to move somewhere (about 72%, the rest rents, goes into assisted living or moves in with family), so inventory-wise wise it's for the most part a wash.The only way you can see the supply/demand situation change is if a market (the US or a metro area) loses a significant percentage of the population (like a pandemic or nuclear incident) or we catch up building 3-5 million homes (surplus of normal), with tales the better part of a decade if we can even find the labor.
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15 October 2024 | 9 replies
Mesa or Gilbert, AZ: A Look at the NumbersFor the Phoenix metro area (including Mesa and Gilbert), the forecasted annual appreciation rate is expected to be around 3.5% over the next 10 years, based on recent trends and projections.
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18 October 2024 | 11 replies
Our lake is not really a destination place...we do get some people coming from all over the country but they are coming for family reunions, and most people are 2-3 hours away from metro areas (Chicago/Indy/Detroit).
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15 October 2024 | 5 replies
Lake - I'd advise renting for AT LEAST 6-12 months until you get an understanding of where you want to live in the metro unless you're already familiar with it.
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15 October 2024 | 4 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)