STL lands on national list for highest real estate returns!

ST. LOUIS, MO/August 7, 2017 (STLRealEstate.News) HomeUnion, an online real estate investment management firm, released a report this week for usatoday.com in which they ranked the top 20 zip codes in the United States with the biggest return on real estate at this time.  Naturally, St. Louis found its way onto the list, which was configured by identifying zip codes that maximize real estate returns while minimizing risk over a five-year horizon.  The firm went onto examine school quality and neighborhood attractiveness for single-family rentals over the five-year period.

“HomeUnion Research Services looked at more than a dozen attributes that characterize a neighborhood including crime, schools, white-collar jobs, unemployment, home-ownership, permitting activity, and more,” said Steve Hovland, director of Research for HomeUnion.  “Based on those attributes, we forecast appreciation, vacancy, and rent changes over the next five-years.”

The study also calculated Annualized Total Return, which includes HomeUnion’s projections for how much the value of single-family rentals will appreciate and how much cash flow they’re expected to generate in the future.  HomeUnion’s model, according to Hovland, can determine the price and rent for every single-family home within a specific zip code while enabling them to predict the price and rent in five-years.

Americans are known for investing in real estate for flipping a profit over a certain time period.  Therefore, knowing a zip code and its predicted appreciation rate is a critical tool for those looking to invest in 2017 and 2018.  To mitigate the risks, investors should focus assets that can maintain value even during downturns.

Number 20 on the list kicks off with North Indianapolis, Indianapolis with annualized total returns at 5.4%.  Next comes North Hollywood, California with a 5.4% annualized return as well.  Jumping up to number 17, Maryland Heights, St. Louis clinches the spot with 5.5% returns.  Number one is Hamptons at Boca Raton, Florida.”

Thanks to stlrealestate.news for the information!

We LOVE checklists…

Here is a helpful checklist for all you buyers who found the perfect house in a very heavy market thanks to Old Republic Title and Pinterest! Hope it helps! Have a Sunshine day!!

-The Sunshine Team

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When It Comes to YOUR Signature

Good morning Sunshiners!

Today, we’d like to educate our past, present and future clients on how important it is to understand EXACTLY what you are signing, WHEN you sign it. We’ve come across a lot of clients lately that come to us saying that they signed a buyer’s agency agreement and didn’t know that meant they would have to use that agent for the next 6 months. Even worse, that buyers agency agreement says they owe the agent $400 for just working with them. PLEASE, PLEASE, PLEASE pay attention to what you are signing at all times during the real estate process. If you do not understand something, ask as many questions as you need to in order to understand it. It’s so important to know all of your rights and what you are signing in order to have a smooth, easy and pain free process.

Have a Sunshine Day 🙂

Ashley

First Time Home Buyer Finance

Good morning Sunshine 🙂

Here at Sunshine Realty in St. Louis, we work with a LOT of first time home buyers. Especially with this red hot market right now! Here is a helpful chart that will help all of you, and some even if you are not, first time home buyers! These are all of the financial costs you should be prepared for ahead of time! In our experience, many first time home buyers are most confused about earnest money and closing costs. See below and/or give us a call to help you understand these costs and get you ready to buy your first, or second, or third…. home! We can’t wait to hear from you!

Have a Sunshine Day!

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