Destin Mastermind Real Estate

Buyers Market Best Time to Buy

2008-02-11T05:57:00.000-06:00

Here is an article I found from NewsUSA that I have reprinted with their permission. This article focuses on investment buying, and hits home with today market climate.

If you are not buying real estate NOW, you are MISSING OUT. Befor you know, the market will have turned once again into a sellers market.

Make Real Estate Investment a Snap

(NewsUSA) - History has shown that the best time to be an
investor is in a buyer’s market -; not a seller’s. And while across America housing sales have continued to slump, foreclosures are at an all-time high -; meaning that for serious investors, the
time to focus their energies on buying real estate is now.

Since there’s no time like the present to delve into the real estate investment market, the following tips will provide you with the upper hand in making good long-term investment decisions.

• Stay away from “unique” properties. If you’ve had your eye on that new-age property constructed completely out of sheet metal, you should probably think again. Choose houses that appeal to the average family so that you will always be able to sell quickly and easily if it’s absolutely necessary.

• Work with the pros to become a pro. If you are in the real estate business for the long haul, considering an investment in a HomeVestors of America franchise could make it worth your
while. The Dallas-based company trains and supports franchisees who specialize in buying homes that are in need of repair. For free information, call 1-866-249-7090 or e-mail
franchising@homevestors.com.

• Make the capitalization rate a low priority. The cap rate is
merely the projected return as if the property were purchased completely with cash -; and in most cases, isn’t realistic. Instead, focus on the amount of money going in and out as well as the
depreciation of your property.

• Pay a little extra for quality renovations done by experienced craftsmen. Whether you’re repainting, remodeling the bathroom or giving your property an extreme clean, aiming for cheap when
making repairs on any part of your fixer-upper will only cause big headaches later on down the line.

• Stick to your desired outcome. Whether you’re new to real estate investment or a seasoned pro, staying firmly committed to your vision and plan will help you succeed. Write down and share your goals and expected fulfillment dates with others to keep yourself on track and accountable.

First Mastermind Meeting of 2008

2008-01-14T07:03:00.000-06:00

Today is the first Destin Real Estate Mastermind Meeting of 2008. This is already starting off to be a spectacular year. Business is booming in the area, and there will soon be a quite a bit a buzz about the Northwest Florida area.

This is definately the year that the Emerald Coast is put back on the map as "The Place To Be".

We will have more highlights and video clips of today's meeting later this week. And now that we have resolved some of the technical issues with the video editing, the rest of the clips will be up online in short order as well.

As always, if you have questions about real estate trends, contanct any of the Mastemind Agents.

Mastermind Meeting 12/10

2007-12-17T10:30:00.000-06:00

This meeting's guest was Richard Long, VP of The Zimmerman Agency. Richard handles the marketing and promotion for the Okaloosa County TDC.

Highlights of the meeting include:

A major factor in stimulating our loca real estate market and economy in general is our ability to attract more visitors to vacation and buy real estate in our area. While there is no question that area embassadors Okaloosa County TDC, beaches of South Walton County, The Great Northwest are doing a great job in promoting the areas of Destin and South Walton County to the rest of the country, there still needs to more.

We [Destin Masterminds] are in the process of exploring additional avenues or partnerships between these groups and the Destin Real Estate Mastermind Group, it's business partners, and organizations such as realtors (ECAR) to highlight our area to even larger portions of the country that may not completely understand the hidden treasure that is the Emerald Coast.

Our next meeting will address how our group can affect the process. The meeting will be held Jan. 14, 2008.

Mastermind Meeting Today

2007-12-10T06:58:00.001-06:00

Today will be the first time the Destin Real Estate Mastermind Group meeting will be filmed. We will be back later to post the details of how it went and what the meeting was about.

Inside The Mortgage Market

2007-12-07T13:01:00.000-06:00

I recently read an article about the mortgage industry that was not hyped with the usual "doom and gloom". The article cut through some of the media hype and really talked about some aspects of mortgages that made sense.

Here is a link to the article as it appeared on page 15 of Exquisite Homes:

Exquisite Homes of the Emerald Coast

Sue Botelho, from Northstar Mortgage, wrote the article, and I agreed with her when she commented that "Buying a house is not an inalienable right . . . it is a privilege . . .".

The other point in the article that was very positive is knowing that the mortgage industry is not dead, they are still financing real estate, and people are still buying homes, they are even doing 100% mortgages adn financing condos.

Take a look at the article to gain another insight from a professional who is still doing business in today's market.

Destin Mastermind Real Estate Group

2007-11-25T19:06:00.000-06:00

Welcome to the Destin Mastermind Real Estate Group. This is a website that the top real estate agents serving the Destin and surrounding Emerald Coast real estate will post the highlights of their mastermind meetings, promote listings, and provide valuable local real estate information.

The mastermind meetings will cover real estate topics that allow buyers and sellers, and agents to understand the real estate transaction process, the myriad of variables that affect the value of real estate in the local area, and focus on ways to understand the ever evolving real estate market.

If you have real estate related questions or concerns, don't hesitate to send an email or post them. There is not another site where you have the attention of the top agents in the area to assist you with your real estate questions.