The Real Estate Investor’s Resource

Turning Intentions into Action

Real Estate Investing Ideas – Don’t lose ’em -Use ’em!

All achievements, all earned riches, have their beginning in an idea.
Napoleon Hill

I find it interesting that March has been become International Ideas Month. I feel blessed that most of the people that I know are full of ideas! Being in the real
estate investing arena can really generate a lot of ideas. In fact, successful real estate investors are usually those people with creative and innovate ideas. The problem is often what to do with all of those ideas, how to channel them, how to put the idea into action.

Here are a few ways to make the most of your ideas:

Start an Idea Vault – This is simply a file or folder or notebook where you put your ideas until you are ready to work on them. It is a safe place to keep them so they don’t just float away as fast as they arrived.

Use Mindmaps – The concept behind Mindmaps is that people don’t think in a linear fashion. Our thought are all over the place. Mindmaps help you visualize a project. They allow you to see the big picture and the details. To see a Mindmap and how they work, check out http://www.mindjet.com – you can even download a free trial version of the software. However, you don’t have to have software to create a Mindmap, you can draw them.

Mastermind Groups – A Mastermind group is a group of people that get together to support each other, usually in business. The dynamic of having a group of people together providing brainpower and ideas is absolutely amazing!

If you would like more information on any of these tools or are interested in participating in a mastermind group, email me at nspivey@transformit.net.

Man, alone, has the power to transform his thoughts into physical reality; man, alone, can dream and make his dreams come true.
Napoleon Hill

March 9, 2007 Posted by | Real Estate Investing | 1 Comment

Atlanta expired listing – Are you making the most of the market?

I received an email update on the Atlanta market from Cindy Stuart and Associates. The number of expired listings is up 30% over last year! If part of your strategy is to work with expired listings, now is a great time to do that!

Read the full email below. The expired listings information is in bold.

You may have heard some bad things about the housing market lately. We’ve been getting a lot of questions about the Atlanta market, so we thought a report on what’s really going on might help. Even if you’re not moving within the Atlanta market, you may have someone with whom you would like to share this information. According to the First Multiple Listing Service, there were 4,454 closings for single family homes in January which was a 8.1% decline from January 2006. However, once lags are reported the decline will be much less. Condos and townhomes had 658 closings or an increase of 1.9% from January 2006.

According to FMLS, January’s decline is an improvement from December’s 10.4% decline with no lags.

The average sale price in January for single family housing was $254,388. This was an increase of 5.6% from January 2006 and the largest year-to-year period increase since December 2005.

The number of expired listings in January for all single family homes was 5,505. This is up 30% from January 2006. However, FMLS notes that the increase is small compared to withdrawn listings –2,246 withdrawn or an increase of 65% over January 2006.
The overall supply of new construction single family homes increased 57.9% from 1/31/06-1/31/07. Overall supply of resale single family homes increased 22.8% from January 06 to January 07.

Average days on market from January, as reported by FMLS, was 90.6 for all single family. This is the second consecutive period above 90 days and the first time this has happened since 1998. The average time on market for homes listed by Stewart & Associates is 68.

We hope this information finds you well and provides valuable information about the Atlanta market. If you have additional question please don’t hesitate to call or e-mail us. As always, your business is greatly appreciated. If you know of anyone making a move, please allow us the opportunity to help them.

Thanks again and MAKE it a great day.

Lisa Brownlow
Inside Sales / Marketing Director
Stewart & Associates
678-597-5868
cindy.stewart@kw.com

March 9, 2007 Posted by | atlanta real estate market, expired listings, Real Estate | Leave a comment