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1533 Nebraska Ave. in Palm Harbor, FL

June 11, 2013

JUST SOLD!

1533 Nebraska Ave.
Palm Harbor, FL 34683

MLS #: T2569219

T2569219_101_12

3 bedrooms, 2 full baths, 1-car garage, 1,640 square feet, List Price $150,000

Wow! Looking for a 3 bedroom, 2 bath home in Palm Harbor that is in very good condition and priced at 150,000 or less? Well, here it is. Home is in good condition with newer ac unit and roof so FHA is no problem here. Home is in move in condition and features a living and family room, fresh paint inside and out, new carpet, crown molding, and more. Floor plan is perfect for family and entertaining. Nice kitchen with pass thru to family room and deep ss sinks. Bonus room has french doors that lead out to the backyard. Third bedroom is separate and perfect for guests, or Mother in-law’s quarters. On a great lot with nice curb appeal and an awesome backyard. Back area is perfect for bbq’s, animals, or just relaxing in your tranquil backyard that is fully fenced. This one won’t last. Hurry!!

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Higher Home Prices Cool Buying Frenzy

June 6, 2013

Daily Real Estate News | Thursday, June 06, 2013

The recent rise in home prices has more investors concerned that it will be increasingly difficult to turn a profit from their rental investments. Nearly half of U.S. real estate investors say they expect to purchase fewer rental homes in the next year, according to a recent survey conducted by polling firm ORC International.

Just 10 months ago, the percentage of investors who said they intend to buy fewer homes stood at 30 percent—compared to 48 percent today. Only about 20 percent of the investors surveyed say they plan to buy more homes in the next year—a drop from the 39 percent who reported they intend to buy more homes last August.

More than half of the investors surveyed who own rental properties say they plan to hold them for at least five years or more, and 33 percent plan to hold them for 10 years or more.

“Higher prices are reducing returns on investment and investors are responding by cutting back on their purchasing plans until conditions sort out,” says Chris Clothier, a partner in MemphisInvest.com and Premier Property Management Group. “Fewer foreclosures, rising property values, and competition from hedge funds are making it tough to find good ideals on distressed sales. On the other hand, investors are planning to hold onto their rental properties for at least eight to 10 years and realize the benefits of rising rents and low vacancy rates. Cash flow is much more important than appreciation.”

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