It is well established that the cardinal rule of real estate is “location, location, location,” and it is important to bear this in mind when examining new construction in Wyoming.  Because its realty was never known for being a hot spot, the state has weathered relatively well the housing bubble afflicting points further south and east like Nevada and Florida, respectively.  But housing starts and other new construction in Wyoming are about as moribund as anywhere else in America today.  The recent efforts by the federal government to stimulate economic activity through the grant of money has helped a smattering of worthy projects in Wyoming, but may not be enough for the long-term.

Isaac Toussie comments that today signs of stabilization are appearing. It seems that the government stimulus and private entrepreneurs have combined to begin to push the momentum in the other direction. There is still oversupply though.

In the past it was never a hot real estate market, Montana has generally found an equilibrium between supply and demand.  But when it comes to commercial real estate, shopping centers have been a sure profit-maker.  And a novel way of assuring the profitability of a shopping center is to host a movie theater, preferably a modern multiplex operating long hours several days of the week.  After all, movie theaters, possibly more so than even food courts, serve as great “anchors” for sprawling shopping complexes.  They act as reference points where people can meet up and shop – which is to say, generate profit for shopping center operators and owners!  Indeed, today’s typical cinema can host up to half a million guests each year – visitors who are easily converted into impulse buyers, because almost no one just goes to the theaters and then simply back home.

The real estate bubble in Nebraska affected not only houses but condominiums, too.  Just as houses were bought simply as commodities to be “flipped,” or sold at a substantial profit, so too were condominiums treated.  Due to the September 11, 2001 tragedy, not only were enormous amounts of investment dollars poured into real estate as a much more viable alternative to the stock market, which remained in the doldrums for several months, day-traders themselves started moonlighting as landlords, purchasing property with an eye towards selling them to fellow speculators down the pipeline.  Like any bubble or Ponzi Scheme, however, there eventually came a time when no more “takers” could be found and the system collapsed of its own inherently unsustainable weight.

The content of this article has been posted strictly for informational and human interest purposes only, not for advisory purposes, and should not be relied upon in any way by any person or institution.  The reader should not rely on the validity of any of the information contained herein.  The reader is urged to consult a variety of professionals when making business or any other significant decision, including accountants, lawyers, investment advisors, insurance companies and the like.  Again, this article has been posted merely for human interest and informational purposes, not for advisory purposes.

Hyde Park is located near Cincinnati with a market of about 50/50 buyers to sellers; homes are sitting on the market between sixty and ninety days with a decreasing market trend. There is a solid inventory of homes for sale in all price ranges with an average home price of $228,700. This is up nearly five percent from last year. Sellers are receiving ninety-five to one-hundred percent of their asking price with multiple offers. Move up buyers and job growth is driving the market in this area.

Pataskala has more sellers than buyers in its Ohio real estate market. Homes are sitting for more than one-hundred twenty days on the market from listing to closing and the market trend is increasing. Homes are sitting at an average price of 4,175,000 with no change from last year. There are no multiple offers but sellers are receiving between ninety-five and one-hundred percent of their asking price. Single-family homes are showing the great activity and good economic news seems to be driving the market in this area.

Montgomery is another Ohio real estate market that is close to Cincinnati. The market is a 50/50 buyer to seller with homes on the market between sixty to ninety days. There is no change in the market trend and a limited supply of housing is available. The average home price however is reasonable at $250,000, which is up around five percent from last year. Repeat buyers are showing the greatest activity with population growth driving the market. Sellers can expect to receive between ninety-five to one-hundred percent of their asking price as well as multiple offers. This area is close to downtown, shopping and excellent schools. New homes are more popular than old, so much so older homes are being demolished in order to create new builds.

Huber Heights is located new Dayton, with an almost stagnate market. There has been no change in average home prices or the market trend. This is a buyers market with more sellers and home sitting on the market for more than 120 days from listing to closing. Sellers are still getting ninety-five to one-hundred percent of their asking price with no multiple offers and single-family homes are showing the most activity. Good economic news is driving this Ohio real estate market and homes are averaging a low $100,000.

Mount Adams, Ohio real estate market contains home, condominiums and views that keep attracting people. There is no change in the market trend. Homes are sitting on the market between 90-120 days with a good supply listed in all price brackets. Condominiums and Town homes are doing the best on the market with the average price of $397,500 up nearly five percent over last year. There are multiple offers on the homes and this area is located near Cincinnati with a 50/50 buyer to seller market.

Tom Beaty offers Ohio Real Estate information for buyers and sellers. Don’t buy or sell without visiting this Blog or it could cost you: Ohio real estate.

Zoning Problems

Real estate investment has a lot to do with zoning of the land and if the zoning changes while you are rebuilding the property, you might have to incur a larger than expected cost to convert the use of the property. There was this large scale residential project that was re-zoned to commercial use. As a result of the re-zoning, the developer had to spend a lot of time renovating the inside of the property so as to convert its use from a residential property to a commercial office type of setup. Thus, it’s best to do your due diligence and hire a proper real estate attorney to do a check on the property for you to find out if there is impending re-zoning as it can affect your real estate investment.

Fundamental Utility Problems

The worst problem a real estate investor can face is learning about the piping and electrical problems of the property he jut bought. Thus, spending some time learning about the age of the building and when the electrical and plumbing system was last repaired is critical when looking at a potential building to acquire. The reason is that electrical and plumbing problems mean that you might have to hack through the walls and ceilings so as to replace old metal pipes that are corroding and faulty electrical circuits. This means in effect that you have to do massive renovation on the property and unless you are tearing the building down from scratch and rebuilding it, such repairs may not be worth your while at all.

Choice of tenants

Most real estate investors purchase real estate to establish cash flow and leverage their investments. Spending some time looking at the tenant mix of a commercial building can determine whether you are buying a profitable property or not. Some bankers will lend you money in proportion to the credit of your largest tenant so you would want to find a property with credit worthy tenants or source for credit worthy tenants to take over the lease. So if you have a choice of choosing and replacing some tenants when their lease is up take some trouble to analyze the tenant mix and see if there is anything you can do to improve it.

In conclusion, we have highlighted three areas that a real estate investor should take note off when purchasing a commercial property. Spending some time to scout around the building and looking at the business directory of the building can help you figure out the tenant mix and learning if there are potential piping and electrical problems. But remember to hire an attorney to help you with the zoning issues.

Article by Joel Teo, owner of several websites on real estate investment. Visit our property investment site today to discover more real estate investment resources.

Real estate brokers are the greatest asset of small investors since brokers deal with more properties than the individual real estate investor could ever deal with. That said, however real estate agents usually act for the seller so tend to act directly opposite to that of the buyer. In addition, their commission depends on the price that they can sell the property, so the higher the price they sell the more they can earn.

This article acknowledges this and lists four things you can do to get the most out of the real estate agents that you meet when you are shopping for your next real estate investment deal.

Tip #1- Use their knowledge

Most people know that some places have higher rental yields than other similar properties in the same class of real estate. If you are new to an area, you would want to tap on the vast knowledge of the real estate agent’s local knowledge. Ask him what areas command a better rental and why. Then ask him to show you those properties. In this way you would get a better return on investment as opposed to him showing you the properties he wants you to see.

Choosing a property in a good area good as it allows you have a maximum upside when the economy turns around. Let the real estate agent know that you are a committed real estate investor and when he knows that you might be a potential return purchaser, he will let you know of any new real estate deals that come his way that might interest you.

Tip #2- Go early to scout out the area

This is a simple tip that most people seem to miss out when looking for a real estate property. If you are the potential buyer, spend some time going to the property in question earlier then the said time and check it out. You want to spend some time observing the neighbourhood and talking to the neighbours so that you can find out all you can about the neighbourhood before you talk to the real estate agent who would try to paint a glowing picture of the area. Look out for things like crime problem, bad neighbours and other things that can turn away potential tenants.

For commercial property real estate investments, you might want to go there a day before so as to scout the area for the purpose of ascertaining walkthrough traffic. The greater the walkthrough traffic the higher your potential rental returns. Its no good purchasing a commercial property in an area that has no visitors since your rental returns would be very low.

Tip #3- Compare stories with other agents

Once you have figured out what type of real estate investment property you are interested in and what area you want, you would want to make appointments with several real estate agents so as to learn more about the potential area that you are acquiring property in. Since real estate agents are competing with each another so you can find out the downside of another agent’s proposed property at no charge at all.

In addition to learning the downside of your possible real estate investment, some of these real estate agents can give you valuable information that you can use tell your prospective tenants to rent out your property like for instance proximity to bus stations, the proximity to the subway, low crime rate and secured vehicle parking.

Tip #4- Get an agent that is qualified and in a medium to large agency

In general novice investors should contact a long-established real estate agent that is very familiar with the area that you intend to invest in. The reason is that you want an agent that knows that area very well and knows what properties are on sale and a bargain. The agent will also be able to tell you which areas are good for rental purposes and these areas should be the areas that you should spend your energy on.

Another thing to take note is that your agent should be a medium to large agency so as to gain access to a large database of properties for sale and rental. This would facilitate your search for high rental yielding properties through the agent. A medium to large real estate company would also not fold so easily and leaving you in the lurch while in the midst of a real estate transaction.

In conclusion, real estate agents are a useful part of the real estate investment process but if you mentally know what you want, you can benefit greatly from their years of industry knowledge. Effective real estate investment requires education and massive action on your part.

Article by Joel Teo, who takes a keen interest in real estate investment as part of a larger investment portfolio. For more tips on real estate investing check out our real estate investment success series.

One of the most awaited developments in the Las Vegas real estate market is the MGM City Center project, which is set to open in the year 2009. The Center boasts of condominium hotels high rise residence and shopping areas. The new real estate wonder in Las Vegas will rise on a sixty-six acre area in the middle of suburban hotels and casinos.

The MGM City Center is expected to be the newest centerpiece in the rising star of Las Vegas real estate, as it will give people the advantage of time and luxury in just one area. People can now shop, gamble, eat and stay at home without living the Center. Plus, it envisions free parking and accessibility, with all roofs linked together.

This new development is a response to the high demand for condominiums in the area among celebrities as well as the baby boomers and those who are filthy rich.

The MGM Center project will resort to the new trend in real estate and that is pre selling of the properties to generate a portion of the huge financing requirement of the project.

Real Estate in Las Vegas has been on the rise from the beginning of the year 2000. Realtors and experts have already predicted a two hundred increase in the value of Las Vegas properties up to the year 2008. The trend is expected to continue along with the increasing number of real estate projects in the area.

Prices in the Las Vegas real estate is up and is continuously going up due to the rising demand for real estate properties in the area. This has paved the way for more high-rise projects in the area, with the real estate industry eyeing the vertical philosophy to build more properties.

As expected the increasing demand for real estate along with the higher real estate prices ahs resulted to an increase in construction costs. Thus, expect real estate properties to be more costly. The area is also experiencing a shortage in human resources involved in the construction and the other sectors of the real estate industry.

Las Vegas is after all not just the gambling capital of the world but it also boasts of very nice neighborhoods, reputable educational institutions and lots of recreational areas.

The author is a regular contributor to Las Vegas Housing Page where more information about Las Vegas real estate is available.

Around 1880 when George W. Vanderbilt was 25, he visited Asheville and fell in love with the beautiful Blue Ridge Mountains. He decided to build a county get away in the form of a magnificent country estate and began the plans for what is the nation’s largest private home, the Biltmore House.

Completed in 1895, the 250-room French Renaissance mansion was furnished and decorated with finds made by Vanderbilt during collecting trips in Europe. The home had the then modern conveniences not available to the general public, which included electric lights, central hot water and electric elevators.

Vanderbilt commissioned Frederick Law Olmstead, landscape architect of New York City’s Central Park, to turn 75 acres surrounding the house into formal gardens. This would include walled Garden with 50,000 tulips, the Rose Garden with 2,300 bushes of more than 150 varieties, the Azalea Garden and the Italian Garden. Biltmore House and its gardens are open for public tours.

The Grove Park Inn, built in 1913 from boulders cut by hand and hauled from the nearby Sunset Mountains, offered first class service and accommodations to the wealthy that were not staying at Biltmore House. Guests at the Grove Park Inn include Thomas Alva Edison, F. Scott Fitzgerald, Henry Ford, many generations of Rockefellers, and US Presidents. Today, Grove Park Inn is just as luxurious as when it first opened, with a full-service spa and excellent restaurants.

Today people from other parts of the country are discovering and falling in love with the Asheville area the same way Vanderbilt did some 125 years ago.

Fortunately for homebuyers there are numerous new home developments in the area that complement the natural surrounding. Some of these new homes join the original Vanderbilt properties.

C21 Mountain Lifestyles

I’ll be honest. When my clients first asked me about the Idaho real estate market, I wanted to respond by saying that I didn’t believe that there really was a real estate market to speak of in Idaho. I understood the fact that sometimes people needed to relocate because of jobs, but I had never met anyone that was willfully choosing to move to a state like Idaho out of pure desire to live there. Until, that is, I met these clients. They wanted to move from sunny and beautiful northern California to the emptiness of what I imagined Idaho to be.

Regardless of my thoughts on the subject, I remembered that I was a professional and that these clients were hiring me to help them find the perfect home from the Idaho real estate market. So I swallowed my immediate thoughts and responded by telling them that I would be happy to investigate the current Idaho real estate market and see what I could find for them. We came up with a list of the basic things they were looking for and with a price range that seemed doable for them. And then I went to work.

I quickly discovered that there is in fact an Idaho real estate market that is much busier than most people would imagine. In fact, I was nearly shocked by the wide range of options that are available to people who want to make Idaho home. Both inside cities like Boise and all over the quieter places of the state, the Idaho real estate market has a lot to offer. I was pleased to return to my clients the next week with a long list of options for them to consider.

So if you are being forced to move to Idaho for work, or if you just have a hankering for Idaho and are moving there for fun, then wait no longer. Check out the Idaho real estate market for yourself and see what you can find.

Analeese Burnabaker loves being a real estate agent and helping her clients find homes through great markets like the Idaho real estate market. See www.findidahorealestate.info for more details.