Happy September! Where is the market headed?

Tuesday, September 15, 2015

At a management retreat last week I wrote down an interesting quote from the presenter.  “We really haven’t had great appreciation, we just almost got back what we lost”.  I thought this would be a good topic for this month’s article.  Through the end of August, our company’s closed sales volume is up 28% to $367 Million, while our closed units are only up 15% to 1,649 units so far this year.  When sales volume increases are higher than closed unit increases, that tells us that prices are rising, and that’s a good thing in my opinion.  It’s about time.  The graph to the right demonstrates home prices from 1995 to May 2015 and validates that quote.  What’s impactful is to realize that if we didn’t have the boom and the related bust, home prices would be higher than they are now if appreciation had run a normal course.  I believe that this means our Florida values have more room to grow without the risk of another bubble.

Now how can we use this information?  As always, we have to look at the situation from a few different perspectives.  Home Sellers:  Obviously if you sell now, your home is worth more than it has been for years.  So now is a good time to sell, however, you may sell for more if you wait a while longer.  That being said, if you plan to buy again, you’ll likely have to pay more in the future, too.  My advice, go with your gut.  If you’d like a change, go for it.  Sell now and buy a more suitable home for your current lifestyle, taking advantage of today’s low interest rates and Florida’s Portability, made possible through the Save our Homes Tax plan.  Home Buyers:  The writing is clearly on the wall.  Buy now or pay more in the future.  The problem is, inventory is low and buyers have fewer good choices.  Prices will have to go higher to entice more home sellers to enter the market.

As lending restrictions improve, more lending options come available.  For example, we now have bank statement loans for self-employed borrowers, the interest rate is a little higher but at least we have the product.  Another interesting product are home improvement loan options.  Can’t find the perfect house in the neighborhood you want to be in?  With this product you can turn that less than perfect home into your dream home and have the lender finance the improvements.

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

800-541-9923

Happy August! Let’s discuss Marketing and the Brokerage’s role!

Tuesday, August 11, 2015

We’ve seen this time and time again as typically all businesses go in cycles.  This happens to be an Up Cycle for real estate, and it should be.  I recently read a National report that said June sales were the best since 2006, yet prices are 30% below where they would normally be, based on standard appreciation.  This holds true for our Bay area.  We all have to remember that Real Estate is local and we can’t apply National statistics to local markets – but in this case it’s spot on.  Tampa Bay is simply a great value when compared to other markets around the Country.

It’s odd, but when business is down Sellers don’t argue about commission ratesbecause they want all agents working to sell their property. However, and this is the odd part, when business is up Sellers want to pay less commission. This doesn’t make sense.  Doesn’t a Seller still want all agents working to sell their property?  Let’s take a hint from the New Home Builders.  These professional home sellers don’t only retain agents’ selling commissions, in most cases they pay well above market rates.

While I realize this may sound self-serving for a Broker to say, the fact is, Brokers market properties for our clients utilizing all the resources available from our Brands (if we have one) and our MLS.  We’re proud to represent our CENTURY 21 brand and we’re proud to be REALTORS.  Whether the market is up or down, Sellers are always competing with other properties.  The Seller’s agent is fighting a battle to position the Seller’s property in the best possible light based on the competing properties in the market.  To be in the best possible light includes attractive pricing and attractive compensation for the other agent to incent them to bring a buyer.  When a Seller sends an agent into battle, shouldn’t they be armed with the proper ammunition?

If two similar homes are for sale and one is offering a 2% selling commission and one is offering a 3% selling commission, which one would you be more inclined to show if you were an agent?  Think about it.  Real Estate agents are paid straight commission.  Let’s say we’re talking about a $300,000 home.  That could mean a (1%) $3,000 savings to the Seller but that results in 33% less compensation to the Real Estate Agent.  If the property stays on the market an extra month or two, all savings disappear.

What most Sellers may not realize is that time, money and frustration are spent each month a property remains on the market.  Doesn’t it make more sense to competitively compensate agents in order to achieve a sale in the fastest possible time and to have the property exposed to the greatest number of buyers in order to save time, money and frustration?

Of course, everybody wants to save a buck, however I’d like to remind you of an old saying: “Don’t cut off your nose to spite you face”.  Potentially saving 1% may end up costing you time, money and frustration.  I’ve also found that the agents that aren’t strong enough on these points with the Sellers often aren’t strong enough to defend the property and the price that the seller is asking, which too often results in a sales price that’s even lower due to a weak agent being sent into battle.

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

800-541-9923

Happy July! Today, Let’s Discuss Priorities!

Monday, July 13, 2015

As Real Estate Professionals, our Priority is to help you reach your goals.  Of course for that to happen, we have to ask you about your goals.  With Buyers, we call this process the Beggins Buying System which includes our exclusive Lifestyle Profile, a simple two page document that helps us understand your wants and needs with regard to housing, travel to work, leisure activities, etc.  It also includes the verification of funds and mortgage pre-qualification. In today’s competitive buying environment, it’s important for each buyer who plans to make an offer on a piece of property to include proof of funds or a mortgage pre-qualification along with their offer.  We’ve found that we’ve successfully secured the desired property for our buyers over competing buyers for the same property by simply ensuring the Seller that our Buyers are capable of following through with the purchase

With Sellers we call it the Beggins Listing System, and honestly I don’t understand why a Seller would hire an agency that doesn’t follow a system.  A critical part of this system is to preview the property before pricing it.  Can you imagine a car dealer or a jeweler evaluating your car or jewelry without seeing it?  Of course not.  Another priority is a wants and needs discussion.  Obviously, we have to be clear on what you expect from us so we can deliver you with “Your Finest Real Estate Experience…Guaranteed!”  Another priority for Sellers is property condition.  Of the 5 conditions of a sale, property condition is the only one the Seller can completely control.  Want a fast sale for the most money?  We will counsel you to make the property as desirable as possible within your limits

All Realtors strive to do a great job in order to receive referrals earned from a job well done.  We prefer to earn our referrals based on the culmination of a successful transaction that resulted from following a system rather than just on our personalities alone.  In other words, we want you to recommend CENTURY 21 Beggins and its associates because they got the job done in an appropriate time frame, kept you informed and represented your interests.  In fact, CENTURY 21 uses an independent 3rd party ratings company to survey every buyer and seller that closes a transaction with us.  Please, see what our customers have to say about our agents and our service.  You can find these reviews at www.c21beggins.com, click on “About Us” and choose “Our Agents”.  Each agent has a testimonial page.  Once there, you’ll see a link that says “Verified by RealSatisfied”

One unique thing about CENTURY 21 Beggins is that we hold daily training sessions.  These sessions are taught live and are telecast on the web so our agents can show up or tune in and receive the company message.  This information delivery system enables us to keep our agents up to speed on current market trends and customer service issues so we can deliver on our promise to provide each customer with her or his “Finest Real Estate Experience…Guaranteed!

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins

President, CENTURY 21 Beggins Enterprises

Happy June...Let’s put all this Bubble Talk to Rest Already

Saturday, June 13, 2015

Okay, we’re finally seeing some good signs of recovery in the Real Estate Market.  Prices are going up, Interest Rates are generationally low, Inventory is low, Sales are up, employment is up - and 820 people a day are moving INTO Florida.  Foreign investors make up nearly 25% of the buyers and ALL CASH purchases are near 30%.   Smart Money is buying real estate!  Lending is still conservative which means only those who qualify can obtain a loan.  Prices are going up - in some cases 10-15% a year.  Doomsday people say we’re headed for another bubble.  In my opinion, Tampa Bay is simply seeing the appreciation it deserves and has lacked for nearly a decade.  We have a long way to go to reach the peak values from a decade ago.

Oh my, are we scorned.  My Dad (Jim Beggins) told me long ago…”Good real estate held long enough always goes up in value”.  May I remind you that the Boom was in 2005/2006.  Today we’re almost halfway through 2015.  Over 10 years have passed and let me tell you, it has been a brutal 10 years.  While many people had to sell during the bust, the market accommodated and Short Sales were invented for those who had no way out.  Others had no choice but to stick it out and wait until prices came up.  Their time is now!  We’re now seeing that people that were upside down a few years ago now have EQUITY!  Granted, it’s not what it once was, but not everyone overleveraged their real estate.  And, those who bought in the recent past are seeing substantial gains.  This is why smart money is buying real estate now and has been for years.

In Tampa Bay, we’re still 30% below peak values and a whole bunch of people are picking up the gold that is lying in the streets.  This is evidenced by the fact that cash buyers are snapping up Tampa Bay Real Estate.  Yes, real estate is local, however, you must consider the State, National and Global economies as well.  Tampa Bay is robust.  It has a great transportation network, a strong corporate center, a Military Base, Major Sports Teams, Beaches, Arts, Agriculture and a host of other economic drivers that many markets simply don’t have…yet our prices are far below similar markets.  When you look at Tampa Bay prices as compared to Miami, Orlando and even Atlanta, it is evident that Tampa Bay real estate is still a bargain.

Let’s look back on what caused the last Real Estate Bubble and how what we’re experiencing now is nothing like what happened then.  The bubble of 2004 to 2006 was caused by loose lending standards when “liar loans” were prevalent.  You stated your income and the bank would lend you money and not even verify it.  Anyone who’s financed a home lately will tell you, this is not the case today.  The lenders look at borrowers through a fine microscope and then re-verify the day before closing to ensure nothing has changed in the borrower’s world. Appraisals are tight which ensures that the banks are not over-lending.  These safeguards were not in place during the “bubble”.

Simply put, the factors that led to the “bubble” of prior years are just not here today.  My advice…enjoy your current home, upgrade it, or sell it and buy a more suitable home for your current lifestyle.  Real Estate is a great investment and if you’re not going to buy in a rising market…what are you waiting for?

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market. 

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

1-800-541-9923

Happy May...Our Markets are improving – Is this a cause for celebration or concern

Tuesday, May 19, 2015

Nostalgia kicked in today as I write this article.  I found an article that I wrote from May of 2008.  It basically said, “If you don’t need to sell, stay off the market to give those who do need to sell a better chance”.  Boy, have we come a long way.  That was a time that, although it was 7 years ago, the markets we serve had a 20+ month supply of homes.  Times sure have changed since then.  It’s funny how we seem to forget the past and focus on the present.  I recently received a report from the MLS showing a four year comparison of monthly sales, Average Sales Price and Active Inventory.  After studying that report, I realized how much our markets have improved.  In all the markets we serve, the trend is that inventory is dropping and prices are rising.  I’ve prepared a chart below to demonstrate what I’m talking about:

 May 15 Chart*Source:  My Florida Regional MLS

March of 2015 showed the least inventory and the highest units sold in any month since the report began in 2011.  Across the board, Sales are up, Prices are up and Inventory is down.  Please know that these numbers are still far below the Boom prices of 2005, which means we have a long way to go before the market is totally healed. 

I think it’s important to address the meaning of this report.  One could see this data and think one of two things:  1) Thank goodness the market is finally correcting or 2) Oh no, we’re headed for another bubble.  Let’s address the bubble issue first:  No, we’re not headed for another bubble.  The events that led to the Boom are simply not duplicable today.  There have been too many laws, rules, regulations and standards put in place to protect the public from that kind of thing happening any time in the near future.  Which leads us to, thank goodness the market is finally correcting.  What do you do in a correcting market?  1)  BUY NOW if you don’t own a home, 2) STAY PUT if you enjoy where you’re living and SPRUCE UP your current home, or 3) UPGRADE, sell now and buy a more suitable home if your circumstances have changed.  In addition to the improving market conditions, you’ll benefit from today’s generationally low interest rates. 

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market. 

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

Happy April! Continued Real Estate Recovery!

Friday, April 10, 2015

With the 1st Quarter now behind us, it appears that our Real Estate Recovery continues. For our company, it’s important to note that while new sales were basically stable (780 for the quarter vs 754 from the same period last year), our foreclosure volume and investor sales (67 last year, same period) were not duplicated, which in my view, means sales are up.  Sales volume was up 13%, which indicates a strong increase in the average sales price year over year.  At the same time, closed business was up 32%.   We’re busy – and we expect this to continue as we enter the Spring Selling Season.

One of the reasons I’m so positive is that we have an extremely motivated group of sales people who clearly know what to do, are very likeable and truly care about our customers.  We started setting quarterly goals as a group two quarters ago, and since that practice began both sales and morale are up.  We’re clearly focused!  Our success comes from helping Buyers and Sellers reach their goals.  So, if we want more business, all we have to do is help more people.

To this end, we recognize that our role in the transaction has changed.  With the Internet, our value in providing access to inventory has been diminished, yet our value in managing the transaction process has increased.  The coordination of the transaction with all integrated parties (Mortgage, Title, Insurance, Inspections, Repairs, and Appraisals) is where we’re focused and where we excel in providing value.  Managing the process and communicating responsibilities to all parties is what makes the difference between a smooth closing and a potentially failed transaction.

Homeownership is a huge benefit, and this benefit comes with a huge responsibility.  Purchasing a home in today’s market benefits the consumer in many ways: by locking in generationally low interest rates, putting buyers in a position to take advantage of Florida’s Homestead Exemption, and enjoy appreciation over the long term, which is all but inevitable and will lead to tax free gains that almost no other investment provides.  The responsibility comes in understanding the condition of the home you’re buying and responsibly maintaining the investment.  We’re here to help guide you.  Our Motto is BE3 – this stands for Beggins Enterprises – Empower . Educate . Encourage.

April 1st marked the implementation of congressionally mandated reforms required by theHomeowner Flood Affordability Act of 2014 which repeals and modifies the Biggert-Waters Flood Insurance Reform Act of 2012.  We can expect controlled rate increases for subsidized properties located within Special Flood Hazard Areas as well as an increase in the Reserve Fund Assessment, implementation of an Annual Surcharge, an additional deductible option, an increase in the Federal Policy Fee and rate increases for most policies.  Be sure to check with your Insurance Agent to see how these changes affect the home you currently own or the one you’re thinking of buying, or give us a call and we’ll refer to an agency we work closely with.

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

(800) 541-9923

CENTURY 21 Beggins Enterprises Earns 2014 Century 21 Company Technology Award

Friday, March 20, 2015

CENTURY 21 BEGGINS ENTERPRISES EARNS 
2014 CENTURY 21 COMPANY TECHNOLOGY AWARD
 
APOLLO BEACH, FL (March 15, 2015) — 
 
CENTURY 21 Beggins Enterprises today announced that it has earned the coveted 2014 CENTURY 21® Company Technology Award. The Award is presented to one company in the CENTURY 21 System (6,900 offices worldwide in more than 78 different countries) that is intensely focused on technology in support of the success and growth of their business. 
 
CENTURY 21 Beggins Enterprises’ partners and brothers Jeff and Craig Beggins, along with Chief Technology Officer, Ben DeBrocke, accepted the award at the 2015 “Unlock Your Full Potential” CENTURY 21 Global Conference in Washington, DC last month.
 
“From its social media strategy to its use of high-tech applications, CENTURY 21 Beggins Enterprises truly embodies our SMARTER. BOLDER. FASTER.® brand,” said Rick Davidson, president & CEO, Century 21 Real Estate LLC. “Craig, Jeff and the entire team of affiliated agents set a great example of what is possible within the CENTURY 21 System. I could not be more proud to congratulate them on their accomplishments.”  
 
With the mantra, “Empower, Educate, Encourage,” CENTURY 21 Beggins Enterprises provides its affiliated agents with a host of digital tools, including “Google for Work” accounts, and a BE3 platform that provides for professionally-shot recruiting, listing and buyer presentations, to enable them to provide the highest level of service to local home buyers and sellers. 
 
“We are fortunate to have a team of dedicated professionals who are truly committed to leveraging the training, tools, and technology provided by the CENTURY 21 System and the innovative and custom technology solutions we provide that serve to fit our business needs,” said Craig Beggins, owner and managing partner, CENTURY 21 Beggins Enterprises. “We also provide our office with 24x7 access to our platforms on the cloud.”  
 
From a social media perspective, CENTURY 21 Beggins Enterprises engages with home buyers and sellers by posting daily content on a variety of channels including Facebook, Twitter, YouTube and LinkedIn.
 
“We could not have won this award without Ben DeBrocke, our Chief Technology Officer,” added Beggins. “Special thanks to Ben for creating and implementing our technology platform and ensuring its smooth operation and implementation over time.”
 
Headquartered in Apollo Beach, CENTURY 21 Beggins Enterprises was created in 1992 and now operates eight offices surrounding Tampa Bay in Hillsborough, Sarasota, Manatee and Pinellas Counties. Named an Innovative Leader of Technology by Florida REALTOR® Magazine, the company’s 300 affiliated agents specialize in residential real estate with a focus on listings. The brokerage has also been named one of the Top 100 Places to work by the Tampa Bay Times for five consecutive years and most recently earned the Global 21 award, recognizing CENTURY 21 Beggins as the #20 CENTURY 21 firm in the world.
 
“Our customers can search the entire MLS in 19 different languages from our state-of-the-art website and Facebook page,” said Beggins.  “This, along with our LeadRouterSM integration and 10 minute follow-up policy, provides the customer with the finest real estate experience. These value added services bring flexibility and freedom to our team and to our customers and clients.”
 
About CENTURY 21 Beggins Enterprises
CENTURY 21 Beggins Enterprises (c21beggins.com) is a full-service real estate brokerage company headquartered at 6542 US Hwy 41 N in Apollo Beach, FL.
  
CENTURY 21 Beggins Enterprises is an independently owned and operated franchise affiliate of Century 21 Real Estate LLC (century21.com), the iconic brand and franchisor with the largest global network in the residential real estate industry including approximately 6,900 independent offices worldwide in 78 countries and territories worldwide and more than 101,000 independent sales professionals.
 
Century 21 Technology Award

Welcome Springtime!

Tuesday, March 10, 2015

Spring is a welcome time of year, especially since we just returned from the CENTURY 21 Global Conference in Washington D.C. where we experienced 16 degree high temperatures. Thank goodness we didn’t have to go outside too often.  Nevertheless, we came back totally enthused and invigorated with the future of the Real Estate Market and the direction and leadership of CENTURY 21.  Our firm was honored with two major honors:  CENTURY 21 Beggins won the National Technology Award giving us the honor of the most technologically advanced brokerage in the U.S. and we were recognized in the Global 21, earning the #20 positon for Closed Sales Production in the World, fairly impressive since there are over 7,000 CENTURY 21 Brokerages in the World.  Enough about us, because it’s really about you, our customers.  After all, without you we’d have nothing to brag about.

There are some monumental changes coming down the pike for our industry.  April 1stmarks the implementation of congressionally mandated reforms required by the Homeowner Flood Affordability Act of 2014 which repeals and modifies the Biggert-Waters Flood Insurance Reform Act of 2012.  We can expect controlled rate increases for subsidized properties located within Special Flood Hazard Areas as well as in increase in the Reserve Fund Assessment, implementation of an Annual Surcharge, an additional deductible option, an increase in the Federal Policy Fee and rate increases for most policies.  Be sure to check with your Insurance Agent to see how these changes affect your policy, or give us a call and we’ll refer to an agency we work closely with.

August marks another substantial change for our Industry.  The Consumer Financial Protection Bureau will enact major reform to the entire Real Estate Settlement process by implementing Federal standards that revamp the entire closing process with the intent of streamlining the process and ensuring that consumers are fully aware and informed about the closing process.

On a more positive note, I encourage you to do a little research that will make you feel pretty darn good about where you’re living.  Go ahead and Google “Homes for Sale around Atlanta” (for example)…and just for kicks and giggles, see what types of homes are available and how much they’re going for.  Then compare your findings to where you live now.  Take special notice to the climate, the economy, the infrastructure and of course housing prices as well as size and age of homes.  Wow, we really live in a great area.  Sometimes we need to get out of our comfort zone and see what’s going on elsewhere to really see how good we have it.

Please, give us a call if you or someone you know is thinking about taking advantage of this rising real estate market.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

1-800-541-9923

And we’re off to a great Start of 2015!

Monday, February 09, 2015

Happy February!  Without sounding arrogant, I’m very pleased to report that our company sales were up 32% (182 to 230) over January 2103 and closings were up 42% (113 to 116) over the same period.  This was very welcome production since January last year was horrible.  In great part, January sales and closings were dreadful due to the failed implementation of the 2014 Biggert-Waters Flood Insurance Act.

All of our markets are in Special Flood Hazard areas and BW-2012 put a mighty scare into the markets.  Now that the Act has been repealed and customers have a better idea of how Flood Insurance will be handled going forward, it appears that we’re a little more back to normal.  That being said, new revisions to the FEMA Flood Insurance Program go into effect this April, so get with your insurance agent to see how your home is affected, or feel free to reach out to your real estate agent for a referral to one of our Insurance Partners.

One thing that has become very evident to me is that people who are buying real estate now are building substantial wealth while living in a beautiful place that they can call their own and customize as they wish.  At today’s Sales Meeting, we discussed a very well-priced waterfront lot and two exceptionally well-priced waterfront homes.  While the Buyer of the lot will have the opportunity to build a brand new home of their dreams, all new and shiny, with the latest and greatest amenities, the buyer of either of the homes will be buying large homes in great condition (albeit 20 years older) at about 20% below replacement cost.  Both Buyers will be getting great deals, and if they choose to finance, will secure extra low interest rates that will be the envy of their children and grandchildren for years to come.

Looking back to the past, the lot I’m referring to is 50% below peak value, as are the two homes.  Looking forward, I’m confident these properties will see those values again.  So why not buy one of them and ride the recovery in the home of your dreams?  We only live once, so we may as well live where we want to.  Log onto www.C21Beggins.com to see all available inventory, and if you’re interested, sign up for a FREE Home Search Alert.  Our website will send you activity updates of the homes in neighborhoods that you’re interested in.

Please, give us a call if you or someone you know, is thinking about taking advantage of this rising real estate market.

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

1-800-541-9923

Happy New Year!

Friday, January 09, 2015

As we enter 2015, I always find it useful to look back upon the previous year to evaluate what went well and what we could have done better.  Nationally, real estate sales were down about 10%.  Locally, investors, which made up about 10% of the local sales in 2013, pretty much disappeared in 2014 as prices rose to levels that no longer worked for them.  So it would be easy to say our business should be down about 20%. 

I’m proud to say that we exceeded 2013 Sales Production.

I credit this to an amazing group of agents and support staff that work tirelessly to provide our customers with her or his “Finest Real Estate Experience…GUARANTEED!”  But that’s not enough.  Every Broker says that they have great agents.  In addition to having a great support system, we’re blessed with an INCREDIBLE real estate market.  I believe our team did a superior job of empowering, educating and encouraging our customers to take action in this market. 

Certainly there is some cause for concern in the market, especially if you listen to the media say things like the United States is becoming a nation of renters vs. homeowners.  However, when you look at the fundamentals, you can’t argue that now is a great time to buy real estate, either as an investment or as a place to live and raise a family while your investment appreciates.  These fundamentals are Prices and Interest Rates.

Let’s start with Prices.  Yes, they’ve gone up and they’re going up.  Yet, they’re not back to where they should be.  We’ve lost 10 years of appreciation.  If we didn’t have the market crash in 2007, prices would be higher than they are today, so there’s still room for more “Catch-Up” appreciation before normal appreciation resumes.  The second fundamental is today’s generationally low Interest Rates.  We all know that 4% is super low. I’d like to urge you to think long term.  Let’s say you buy a home today and lock in these low rates.  Five years from now, someone buys the home next door for 25% more and obtains a 7% interest rate.  On a $300,000 house, that could mean over $75,000 in appreciation and a payment that goes from $1,432 to $1,995 (39% higher).  Who’s looking smarter now? 

Now, what could we have done better?  That’s simple.  Help more people buy and sell homes!  May you have a fantastic 2015.  If you’re considering a career move, log onto www.c21be3.com to see our how company supports our agents and attend one of our weekly career nights.  We’re hiring!

Please, give us a call if you or someone you know, is thinking about taking advantage of this rising real estate market. 

There’s an old saying … You can have everything you want in life when you help enough other people get what they want.  We’d be honored to help you with your Real Estate needs this year and well into the future.  We’re skilled at helping you make informed decisions.  To learn more about what CENTURY 21 Beggins Enterprises offers Buyers, Sellers and Agents, watch our new videos at www.c21be3.com.

Until next time, may you have fair weather and following seas!

Craig J. Beggins, President

CENTURY 21 Beggins Enterprises

1-800-541-9923

< Older Entries | Newer Entries >