| How to See a Property Thru Investor Eyes
Successful real estate investors train themselves how to look at property through the eyes of an investor, not the eyes of the consumer. Essentially, that means they have the ability to consider and evaluate real estate investments without getting emotionally attached to them. The first time I walked through a potential investment property you should have seen the expression on my face. I was visualizing what it would be like to live in that particular property and since it would be in a low or moderate income neighborhood and in need of repair, the image that I was seeing was not very appealing. It took awhile for me to get used to this sort of thing and I had to repeatedly say to myself "I'm not going to live here". After the real estate investment property "shock" wore off, I was able to see with a different set of eyes.
Site tracks property trends
Buyers unsure of when and where to purchase a home are being targeted by a new website that launches this week. SuburbWatch (www.suburbwatch.co.nz), which officially debuts on Tuesday, is a paid subscription system that uses technical analysis of house price data to give insight into price trends for Auckland, Wellington and Christchurch neighbourhoods. It uses traffic light-style signs to alert clients when it is best to buy, hold or sell. The site is the brainchild of investment property analyst Kieran Trass of Hybrid Group, and has taken him six years to bring to the marketplace. It's another tool in a growing list of online methods to supposedly help property owners sort fact from fiction in the real-estate market. It joins the ranks of indicators like the 8-month-old Mike Pero Mortgages-Infometrics Property Cycle Indicator (PCI)(www.infometricsproperty.co.nz - see below for a direct link to the site), aimed at people wanting to check the state of the property cycle if they are thinking of buying or selling property.
American Network of Investors in real estate
The American Network of In-vestors (ANI) as the name suggests is an organization created by seasoned real estate investors for the benefit of the investors. ANI is like the "E-harmony.com" but for investors (buyers) and sellers. The company aims at matching only the qualified, willing ready and able investors (buyers) with the sellers with the most appropriate investment properties available. ANI is a division of Jhatsey, Inc., a California corporation. It is managed by executives who are real estate investors and technologists. Mona Mathew, Manager, American Network of Investors, said ANI performs financial assessment on listings provided by its affiliate realtors. If the stringent analysis yields an approval by the ANI Investment Committee, a Siskel-Ebert type "Profitability" & "Risk" rating is issued and an Investment Property Profile (IPP) is generated.
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