Apparently the Fed has been reading my Blog (smile!) and decided to pass on recent opportunties to increase interest rates, giving the housing market a much needed leg to stand on. The northern virginia area is still more of a buyers market but the halt to continous interest rate hikes is needed. Afterall, what good is a buyers market if you can't afford to buy!

If you are in the market for a home or investment property, please take a look at the featured property below. It's a wonderfully charming and cozy all brick rambler in Manassas. Check out the yard, patio and Granite countertops in the kitchen!

Some future topics that I'd like to cover in this newsletter that might be of interest to you include commercial real estate, business brokerage services (yes, we can help you buy or sell a small business!) and Internet based businesses. In the meantime, don't hesitate to contact me if you'd like to discuss any of these topics with me personally.

- Frank Ramos, REALTOR, e-PRO

Ease into Autumn Sale at alle' Fine Jewelry.

The Northern Virginia Real Estate Update
Comments/Questions: 703-594-1846

www.NorthVirginiaHomes.com
 
www.NorthVirginiaHomes.com
Newsletter #1001
Monday, October 9, 2006

  • FEATURED PROPERTY : Charming Manassas 3BR All Brick Rambler on 1/2 Acre Lot!

  • COMMERCIAL CORNER: Investment Value & Performance

  • FUTURE TOPICS: A Look Ahead

* Highly Recommended *

*WEIRD* INTERNET BUSINESSES REVEAL EXACTLY HOW THEY ARE MAKING $102,000 TO OVER $1 MILLION A YEAR!

Barbara J. makes a steady $8,500 a month telling people how to rearrange their furniture... Jermaine G. makes over $800,000 a year by teaching people how to play the piano over the Internet... Rory M. takes in over $1 million a year selling a little round gizmo for strengthening your wrist.

And now you can steal, duplicate, and shamelessly profit from the exact same system they're using! To find out how, go to: Weird Internet Businesses

FEATURED PROPERTY:

For Sale
8312 Rolling Road Picture
8312 Rolling Road, Manassas, VA 20110
Map This!


Wonderfullly Charming
3 Bedroom All Brick Rambler
on Large 1/2 Acre Lot.

$415,000

Virtual Tour


Directions:
FROM I66: 234 BUSINESS SOUTH, PAST MALL, ACROSS FROM PRINCE WILLIAM HOSPTIAL, LEFT ON ROLLING RD. HOUSE ON LEFT.
.

Great 1st Home or Investment Property!

Very Charming House! Close to Everything! ALL BRICK RAMBLER w/ 3BR, 1BA on a LARGE LOT. Large old trees in the full-fenced back yard, 1,700 sq.ft. 3rd BR currently being used as Dining Room, 2 living rooms, sun filled country Kitchen w/ Granite counter tops, Island & lots of storage. wood flooring thru-out. Breeze filled front porch & Stone-built Patio out back perfect for family cookouts & entertaining. No HOA.

MLS: PW6200525

Call 703-594-1846 or Email Us!

Marketing Your Home For All It's Worth!
Frank Ramos Picture

Frank Ramos
REALTOR, e- PRO

703-594-1846
Frank@NorthVirginiaHomes.com
www.NorthVirginiaHomes.com

 Brokerage Logo

 

Commercial Corner

By Frank Ramos

Investment Value & Performance

When we talk about commercial properties we are talking any property not used as a primary residence that is held for income and/or capital appreciation purposes. This can range from a small townhome used as a rental property to large shopping centers, office buildings and hotels.

In the mortgage financing process, most lenders require a certified appraiser to determine the market value of a property. Investors also need to determine what a propery is worth for themselves. This is known as Investment Value.

The investor's goal when determining the investment value of a property may be to decide what to pay for a property to achieve a certain set of performance objectives.

Investment Performance is when an investor measures how a property might perform against certain objectives if purchased at a given price.

The processes used to determine investment value and to measure investment performance range from very simple ratios and rates to more complex cash flow models.

For now, let's focus on one of the simplest methods, the Sales Comparison approach.

Investors may use the same sales comparison approach that appraisers use to decide what to pay for a property (investment value), given the price per square foot:

Price per square foot x Total square fee of building = Investment Value

Investors can also use the sales comparison approach to determine the per-unit cost of a building at a given purchase price and compare that to the per-unit cost of recently sold comparable properties:

Purchase price
---------------------------- = Price per square foot
Total square feet of building

An advantage of using the Sales Comparison approach is that an investor can compare the per square-foot costs of an existing property to the current land and construction costs. However, this approach does not consider the properties income. Also, some properties might not have a sufficient number of comparable properties.

In future editions of this newsletter I will cover Gross Rent Multipliers, Cash-on-Cash Ratios, Capitalization Rates.

ICE.com

Future Topics

  • Commercial Real Estate
  • Seller Mistakes
  • Buying Stategies
  • Business Brokerage (Buying and Selling Small Businesses)
  • Internet Based Businesses
Shop Home Improvement Online and Save!

 

Frank Ramos
Copyright Frank Ramos, 2006

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