Is it time to start buying real estate in the much sought-after Greater Asheville, N.C. area ? Are you looking at 1031 Plan and thinking that a slow-down in the real estate market means watch out? Wrong! For our eco-savvy clients, seems to me there's a river of pure potential just beyond the brambles (see photo) and an exciting ride to "green" investing with lots of GREEN in sight.
It's all about sailing with your 1031 Toolbox in tow. Those tools: 1) Intuition-You have to be able to intuit where the basement is in a local market, 2) Timing- you have to buy at the "right" time, 3) A "Good-Eye" when it comes to buying/selling/holding in terms of real estate market trends, and 4) A Gift for Asking Spot-On Questions
True, the handy real estate investor needs to be able to accurately calculate the value of a property in a given neighborhood and maximize a property's appreciation, now and into the future (say 1 to 7 years). ( We can help!) But it is just as important to be able to intuit/predict where to unearth financing when lenders are dealing with icy to nearly frozen credit waters so as to enjoy a maximum ROI. (Again, we can help.)
I've been following real estate trends for many years. And I still believe that, over the long term, investing in real estate is a sound and valid undertaking if you are conscientious. The S&P/Case-Shiller® Home Price Indices paints a pretty grim picture, on the other hand. However, if you take into account the Baby Boomer Marketand the hunger for retirement mountain homes and land legacies in the incredibly beautiful Asheville, N.C, and combine that with a history of appreciation, and the HUGE demand for green-built homes in the Greater Asheville area, you may agree with me.
Investors, I see pure possibility for you. After all, in this real estate market, with the current slowing trend, you hold the reins. Here, for example, is something you would not have expected to find just a few months ago, a unique mountain home close to shopping, restaurants, downtown and not too far from the river you see in the photo, or the airport. This home started out at over $1,000,000. and the sellers are now asking less than $700K. The path that leads from this home takes you to ten acres of green space. Tell me- is this an amazing "bargain" for the discriminating 1031 or Baby Boomer Buyer-
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Tell me- is this an amazing "bargain" for the discriminating 1031 or Baby Boomer Buyer-
janeAnne, there are so many extraordinary opportunities right now. I appreciate the astute way in which you weave eco friendly trends into this post about gaining more green in a financial way. Anyone doing a 1031 Exchange right now can pick up some very good bargains. Have you found that Exchanges are picking up momentum in your area or does that market remain flat too?
janeAnne- We know the movement is growing and gaining acceptance especially since NAR has now decided to offer an NAR recognized designation in support of green real estate
Lola~
We are VERY blessed to have a steady housing market in the Greater Asheville area. I am posting an article on housing predictors that actually suggests that we will have an appreciationin our housing market here in Asheville...
I am not sure what the key to unlocking the door is in your area...but my intuition says that possibly GREEN -built homes...affordable...possibly even on small footprints in places where folks can walk to grocery stores and parks could bring "fresh air" to the market
Eloise~
It is exciting to see what popular demand has done...the cry for more information about "green" innovation and green-built homesis national in scope...and as you say, NAR now offer a GREEN Designation!
I say a Big Green Thumbs Up to you and all of us who have been on the forefront of this wave these past many years.
Investors, I see pure possibility for you. After all, in this real estate market, with the current slowing trend, you hold the reins. Here, for example, is something you would not have expected to find just a few months ago,