Thursday, January 29, 2009

The Seven Must Haves of a Market Update

In the coming weeks you will notice that I will be compiling last year's Germantown statistics at a micro level (by subdivision) and eventually finishing at the macro level (Germantown as a whole).

The following will be a summary of what you can expect in each report:

  1. History of the subdivision (age, builder, amenities, schools, HOA, unit numbers and style of housing)
  2. Number of sales in 2008 (including type of sale and average number of days on the market)
  3. Number of failed listings and why they failed
  4. 2008 best deal (based on Condition, Value, Motivation and Location) for the neighborhood
  5. 2008 worst deal (based on Condition, Value, Motivation and Location) for the neighborhood
  6. 2009 Forecast for the neighborhood (Number of Sales and projected Average Sales Price)
  7. Advice to potential sellers in the neighborhood of how to specifically maximize their profit according to their neighborhood

My goal is to compile an Annual Report for the Germantown Area that will be specific, useful, informative and worthy of my fellow realtors review.
Posted by at No comments:

Friday, January 23, 2009

Best homes on the market in Germantown Maryland Week ending 24 January 2009



The properties below are this week's top rated investments in Germantown:




Location: Saint Johnsbury Lane, Fox Chapel, Germantown
Status: Active (Countrywide Owned)
Priced: $209,900 (Just reduced $100,000)
Built in 1970

Value: 10+ (Unbelievable price - Great buy)
Condition: 5 (Needs work)
Location: 6 (Typical location for this subdivision)
Motivation: 7
Investor Rating: 19 (Great keeper or flipper)
Total Rated Score: 28




Location: Warrior Brook Drive, Germantown Estates, Germantown
Status: Active (Privately owned)
Priced: $334,888
Built in 1982
Value: 9 (Great starter home)
Condition: 9 (Granite countertops, new appliances, new carpet and hardwoods, new fencing, nicely updated)
Location: 6 (Backs to other single families)
Motivation: 7 (Typical motivation)
Investor Rating: 20 (Good keeper)
Total Rated Score: 31 (Awesome buy)




Location: Walnutwood Lane, Churchill Village, Germantown
Status: Active (Privately Owned)
Priced: $299,000 (Just reduced $50,000)
Built in 1976
Value: 10+ (Two Car Garage at this price?)
Condition: 4 (Needs updating)
Location: 7
Motivation: 8
Investor Rating: 19.5
Total Rated Score: 29

The above properties have either lowered their price (increased value) and/or added to their condition - they can now be considered good buys. For your information Team Limejuicer and I have previewed over homes in the past few months. We rate and rerate if necessary, homes on a daily basis - this system allows us to not only keep our seller clients informed as to their competition, but also allows us to find the best valued property for our buyer clients. Hopefully you found this information useful, if you would like to learn more about the Limejuicer Rating system please feel free to contact me directly. Team Limejuicer is waiting to serve your real estate needs and always welcomes referrals! Thank you for your time.

Lawrence Evans, P.C. - Real Estate Consultant
Re/Max Town Center
Cell: (301) 922-2156
Office: (301) 540-2232 Ext 125

The Limejuicer Rating System is copyright protected 2009
Posted by at No comments:

Monday, January 12, 2009

This week's best deals in Germantown Maryland - Courtesy of Lawrence Evans of Team Limejuicer

The below properties are this week's top rated properties in Germantown:


Location: Hickory Tree - Germantown
Status: Active - Foreclosure
Priced: $115,900 (2 Bedroom, 2 Bathroom)
Built in 1982

Value: 10 (Awesome Investment Rental Property - rent for around $1200 a month)
Condition: 5 (Needs Paint, complete flooring and new bathroom sink)
Location: 7 (Great location - convenient)
Motivation: 7 (Bank Foreclosure)
Investor Rating: 19.5
Total Rated Score: 29 (Will sell within a week)



Location: Swiss Circle - Farmingdale - Germantown
Status: Active - Trustee Sale
Priced: $189,000
Built in 1983
Value: 8 (2 Level, 2 master bedroom suites)
Condition: 9 (Almost completely renovated - fresh paint, new flooring throughout, stainless steel appliances)
Location: 7
Motivation: 8 (Trustee willing to help with buyer's closing costs)
Investor Rating: 20
Total Rated Score: 32 (One of the top condos on the market......)


Location: Saint Johnsbury Lane - Fox Chapel - Germantown
Status: Active - Regular Sale
Priced: $249,900 (Started at $369,000)
Built in 1974
Value: 10 (4 Bedroom, 2 Bathrooms)
Condition: 7 (Move in condition)
Location: 6
Motivation: 7
Investor Rating: 20
Total Rated Score: 30 (Highest rated single family in Germantown)

The above properties have either lowered their price (increased value) and/or added to their condition - they can now be considered good buys.
For your information Team Limejuicer and I have previewed thousands of homes in the past few months. We rate and rerate if necessary, homes on a daily basis - this system allows us to not only keep our seller clients informed as to their competition, but also allows us to find the best valued property for our buyer clients. Hopefully you found this information useful, if you would like to learn more about the Limejuicer Rating system please feel free to contact me directly. Team Limejuicer is waiting to serve your real estate needs and always welcomes referrals! Thank you for your time.
Lawrence Evans, P.C. - Real Estate Consultant
Re/Max Town Center
Cell: (301) 922-2156
Office: (301) 540-2232 Ext 125

The Limejuicer Rating System is copyright protected 2009
Posted by at 2 comments:

Tuesday, January 6, 2009

Wall Street vs. Main Street?

Often times we kick ourselves for not making decisions; you don't need me to tell you that the Real Estate market has taken a turn for the worse, or the stock exchange numbers have plummeted, or ones 401k is no longer existent etc.....

During the times that we noticed these changes occuring we considered reinvestment choices...didn't we.....Did we reinvest? Most of us stood the course hoping that this was an anomaly and that things were going to change for the better....

I suggest we make our own change, here is an example:

Invest $100,000 in a condominium in Germantown today:

Rent it for $1200 a month for the next 8 years = $115,200

In the next 8 years the likelihood based upon supply and demand that this condo gets to 2005 prices is extremely high.

Sell the Germantown condo in 2017 for $200.000.

Total investment: $100,000 plus carpet, paint, some minor repairs minus tax savings

Total revenue: $115,200

Potential Sale Amount: $200,000

Total profit minus initial investment: $215,200 in 8 years (not including rental appreciation)

What is the percentage of return? 26% on an annualized basis........

Let's say one had one's retirement account all in savings paying one dividends:

$800,000 in retirement savings paying one $40,000 a year in dividends (5%)

Let's buy 4 condos at $100,000 and rent them each for $1,200 = $4,800 a month or $57,600 a year.

Sell those 4 condos in 8 years: $800,000 in real estate and $460,800 in revenue


I would suggest one invest in Main Street - this is where the common need will always be....Wall Street should be left for the greedy and the lazy.
Posted by at No comments:
Subscribe to: Posts (Atom)