Real Estate

As with any investment, there are several things to consider when buying real estate properties in Suffolk County. First, a home that is quality can command a premium price. While the market for homes in Suffolk County isn’t booming, the prices are still reasonable. In fact, last month, more than 66% of homes in the area sold above the asking price. While home prices in Suffolk County tend to stay lower for longer, you should not ignore the fact that you may be able to pay more than what the property is listed for. (more…)

Article originally posted on Fairview Lending

The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market.  Non bank lenders now make up 74% of the origination volume with only 3 banks even making the list.  What does this mean for the mortgage market and in turn the housing market?  Why are non bank lenders now making up such a large share of originations?  Do we have another large scale “wreck” coming our way? (more…)

As a new investor, you probably feel excited about buying your first property and might not have enough time to complete due diligence. However, doing due diligence can save you from costly mistakes. For example, you should find the zoning and the number of units the market can support. You should also be familiar with the cost and procedure of obtaining the necessary permits. If you are unfamiliar with these processes, it is best to consult a professional expert in Commercial Real Estate Daytona Beach.

Class A

Class A properties should be on your list if you consider purchasing commercial real estate. While not prime, they are generally in decent shape. Some people refer to these properties as “legacy properties,” which means they are aging or may not have the latest construction or design. They also tend to be in less desirable locations or may need much maintenance work.  (more…)

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