Real Estate Investments in Murphy NC

Its always a hard decision to know when you are getting the best investment and most profitable price for a real estate purchase. I can remember when you could buy a piece of bubble gum for a penny. Did that make it a good deal? Not necessarily, everyone was selling it for a penny. So really, even though it sounded cheap, in all reality, you were paying market price for the bubble gum.  In ways the real estate market today is in the same spot.

31 years ago, when I started real estate in the mountains of Murphy North Carolina, you could buy land at an extremely low price!  I can remember that one of my first sales was 180 acres of land at $500.00 per acre. For that time frame, it was a good deal, for the Buyer, and for the Seller. This particular Buyer was an investor. He has since bought and resold through me and my company many times over the years. He took that property, divided it, turned it around and we resold portions of it for $1,800. per acre all the way up to $3,000. per acre, and the property has since sold again for even more per acre.  But the price range has changed.  The original investment has changed. Investing, is a way to make money, and to get the most out of your money and time that you can. Investing in Real Estate is one of the largest gambling schemes, in the United States today, and also one of the most profitable.  With the right instinct, the right determination, the right management, and the fortitude to remain calm, most real estate investments will return you a good profit.  Most…not all.   But, think about it. 31 years ago, when I opened my company, we were selling 2 Bedroom 2 Bath chalet style homes on lots for $49,900. per home, it quickly became $59,900. and $69,900, per home.  Today those same homes, same style, same size are possibly selling for between $160-$200,000 or more.   It was the beginning of the new market bubble.   That bubble has burst, and we are starting anew again in today’s market.  We have had a lot of political changes, a lot of folks moving around, people scared to make investments and people who bought investments with a much greater risk factor. 

How many times a day do you hear someone say “ I should have bought everything I could have, 30 years ago.  If, I had known then what I know now, I would have.”

One of the good things about the market here, was that the majority of my buyers were cash customers. The people buying those chalets and tracts of land, were not borrowing to do so. Because of this, they had a much better chance of sitting still until the market changed in order to protect their investments. 

The roller coaster ride for investors over the last 15 years especially has been truly up and down and around and around.

Most of the investors from the about 2015 and 2006 have managed to make a good increase on their properties. Those homeowners aren’t worried about today’s foreclosure difficulties, nor bad market woes.  They invested at the right time before the major increase in market values. Because they bought at the beginning of the bubble, and their homes are priced today at the top of the bubble. They invested wisely.

Okay so where does that leave us now?  Starting over…..yes, and a little wiser!  There are some foreclosures around, and some very good deals!  But you need to shop wisely.  There are people ready to sell, needing to sell, and willing to listen to an offer, from those wanting to buy, but don’t expect them to give it away.  Now is the time to buy…. After the first of the year possibly interest rates will go down again.   But the abundance of properties or lack of abundance of properties will influence the price you pay.

Over the last weeks, the latest ripple through out the daily rumor mill, is that the market is picking up….you may already be too late, to purchase that river front lot for $59,900.
Don’t be greedy and sit around thinking that the market is just going to get lower…be a smart investor……invest while the market is right for investing…..then in 10 years or 30 years, you can tell the story…”I bought at $59,900. and now my property is worth $189,900. “

I’m not disagreeing with the new media, that real estate is in a funky area right now.  All I can do is tell you what I’ve seen over the last 31 years.  Investors, who have made money in ALL markets, because they were savvy enough and brave enough to take the plunge.  I personally don’t know any news media person who is a specialist in real estate or in investments, but Hea, I don’t know everyone.  Could it be just a case of news sensationalism? True, there are some areas that are having more major difficulties then others, but it is not every area. You don’t buy all investments, just those that have a secure history of increase. The Bible talks about “the blind leading the blind”, newscasters giving out real estate advice, seems to be about the same thing to me, but then that my opinion. I don’t send humans beings who need health treatment to my veterinarian either.  What do I know? Right?  The vets are a lot less expensive, maybe it is the way to go!

Seriously, roll the dice, play the cards….in the words of singer songwriter Kenny Rogers,
“You gotta know when to hold em, know when to fold em, know when to walk away, know when to run…..you never count your money, while sitting at the table, there’ll be time enough for counting, when the dealings done!” The dealing is not yet done folks, yesterday is gone, today is here, and tomorrow is around the corner.  
The mountains of Murphy North Carolina are still a good place to invest.

Call today and let me help you find a good investment for your future.