New York to Atlanta, Carl Agard Gives the Scoop on Buying Property

2007-04-17T02:01:00.000-07:00

From New York to Atlanta, Carl Agard Gives the Scoop on How to Survive Buying Property

Press release

By Carl Agard, Author of "Getting the Real out of Real Estate"

Bookcover
Author - Carl Agard

Q: What are the top 3 Real Estate trends for the upcoming year?

A: The ways of making money through Real Estate changes every year. Many external factors such as the economy and supply and demand contribute to these changes. However, if you properly forecast the direction of the market and position yourself, you can make a ton of money. Here are some of the hottest industries in Real Estate to be in today!!

1. Increase in Foreclosures: The rate of residential foreclosures has been increasing for the past couple of years. A lot of homeowners who have purchased homes in the past using Adjustable Rate Mortgages or ARMs are flooding the foreclosure market. From 2001 to 2004, a large percentage of homeowners had used ARMs to purchase homes. These mortgages helped marginal homeowners qualify for mortgages that they would not have. Initially for two to three years, the interest rate would be at below market rate giving the homeowner the lowest payment. After that initial period the rate would bump up one to two points to the market rate. If the homeowner is not prepared to pay this adjusted rate or even refinanced before the rate increase, this can cause the homeowner some financial discomfort by seeing their payment suddenly increase by hundreds of dollars.

This "sticker shock" has been creating a lot of hardship for unprepared homeowners who are already squeezed by increasing property taxes and utility charges. Unfortunately, one man's nightmare is another man's dream. If you are in the market for a steal, you will have a large inventory of foreclosures to choose from. Everything from new homes to fixer uppers will be available. There will be many motivated sellers trying to get out of their mortgage situations.

2. Builder Bailouts: Speaking of motivated sellers, new home builders have been trying to rid of their inventory by any means necessary for the last year and a half. From new subdivisions in the suburbs to hi-rise condos in urban areas, builders have been giving large incentives to buyers from free upgrades on hi end features, to large reductions in sales price creating instant equity.

During the "Construction Boom" a couple of years ago, builders and developers had stockpiled land to build on. Now that the interest rates have been gradually increasing and the market has been getting saturated, the supply of homes has surpassed the demand. This creates a great opportunity for you as a buyer to get a new home or condo with 10% to 25% of equity. An advantage of a new home is that you will not have to do any repairs like a fixer upper. You will get a warranty on the home in case anything breaks down. And lastly your resale value will be higher than a fixer upper.

3. Opportunities in Commercial Real Estate: Now that several thousands of new homes and condos have been built within the last few years, Commercial Real Estate has to catch up to serve the needs of these new residents. There is going to be a great opportunity to locate a wide range of services to bring to new communities such as restaurants, dry cleaners, and even day cares.

Whether you broker the transactions or build the structure, the amount of money to make in Commercial Real Estate is far greater than Residential Real Estate!! Locate vacant land or abandoned structures zoned for commercial in growing areas. Then find a lender to help you purchase and develop it. Wherever new communities go up, commercial development is not far behind. People love to have convenient services at their fingertips.

ABOUT CARL AGARD
After purchasing his first brownstone in 1995, author, real estate broker, and investor Carl Agard experienced first hand the enormous wealth building results of real estate investing and never looked back. A licensed Real Estate Broker in two states (New York and Georgia), Carl has bought, sold and brokered over $100 million dollars worth of Real Estate in over a decade.

Carl started out growing up in the rough environments of the NYC Housing projects. He earned a scholarship to attend Syracuse University and while on campus, started his entrepreneurial trail. Upon graduation, he was a successful party promoter and a top salesman for various Fortune 500 Companies. He went full fledged into a career of Real Estate after being laid off his six figure sales job and realized that he wanted to control his own destiny while empowering his community. Carl realized through his experiences in Real Estate that information was not being shared in the African American community, and that we are missing numerous opportunities of wealth. Carl compiled Getting the Real out of Real Estate to help address this void of information especially for the Hip Hop Generation who are now becoming an older and prosperous demographic.

For more information about Getting the Real out of Real Estate, you can go on his website www.carlagard.com and purchase a copy today.

For More Information Contact:
Tasha Stoute
Strong Arm Media
646-732-7599

Tanisha Williams
Strong Arm Media
917-416-4088

Huge profits on New York's skyscrapers

2007-04-17T01:56:00.000-07:00

Huge profits on New York's skyscrapers

Charles Bagli in New York, April 14, 2007

This week Tishman Speyer Properties put the historic headquarters of The New York Times Co on West 43rd Street on the block for $U500 million ($606 million) - nearly three times the amount Tishman Speyer paid for it, $US175 million, in November 2004.

Read the full news report from here @ SMH, Australia

View of New Jersey Nets Barclays Center @ Brooklyn

2007-04-17T01:52:00.000-07:00

Checking out Nets real estate

by Valerie Block, April 15, 2007

The first glimpses of the inside of the New Jersey Nets Barclays Center in Brooklyn will be available this fall, when developer and Nets owner Bruce Ratner opens a midtown showroom to sell luxury suites.

The Frank Gehry-designed suites will collectively generate tens of millions of dollars a year.

Read the full news report from here @ New York Business

Cool Tool to Determine Buy or Rent Property in New York

2007-04-17T01:45:00.000-07:00

Buy or to rent? The New York Times shows the answer

Apr 16th 2007, by Zac Bissonnette @ Blogging Stocks

The New York Times has a really cool new tool to help you decide whether to buy or to rent a home.

You plug in the price of the property, the monthly rent you would have to pay, the down payment, the interest rate, and the property taxes. Then, after you provide some more details about expected annual appreciations and rent increases, it tells you how many years you would have to stay in the home for buying to be a better deal than renting. Sounds cool...

Read more about it @ this Blogging Stocks post

RealNY Blog Started

2007-04-17T01:42:00.000-07:00

The RealNY blog will provide regular updated on New York real estate and property