Five Simple Luxury Site-Buying Rules
1. Know what creates the locational value.
2. Knowing why and who makes the buying decision.
3. Plot all Luxury sales in your market.
4. Pick the site that maximizes what the market perceives as locational value.
5. Go buy that site. If not for sale, go to the next best.
Never be dependent on what is on the market. That is not the market. It is only what the public thinks is on the market. Just because it is not on the MLS or have a sign, that doesn’t mean the Seller would not sell. You are in control, not the market. It’s your capital at risk. If you don’t like what you see, take your capital off the table. Patience has both wisdom and value.
For more information and suggestions on how to buy the best Luxury property, email or call me. Terry@terrymcdaniel.com or (925) 838-4300
Click to read 20 Rules to build your business team. Simple, but powerful ways to build a better business culture.
The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack in will.
The above chart estimates the market value of today’s median-priced San Francisco, California metropolitan area house from 1987 until present. The red line represents inflation-adjusted house prices. The blue line represents nominal house prices.
Download the spreadsheet
I blog about declining housing prices at The Bubble Meter Blog.
Other housing bubble resources:
Bay Area Housing Bubble, Blogspot.com
Marin Real Estate Bubble, Blogspot.com
Sonoma Housing Bubble, Blogspot.com
Data sources and methodology:
Latest quarterly, median, existing, single-family home price provided by the National Association of Realtors.
Trailing house price index data provided by Standard & Poors.
Inflation data provided by the Federal Reserve Bank of Cleveland.
The chart on this page estimates the market value of today’s median-priced house over time. The trailing nominal prices are derived by taking the recent median price of existing single-family homes, as reported by the National Association of Realtors, and discounting it by the S&P/Case-Shiller Home Price Index. The S&P/Case-Shiller HPI is a “constant quality” index, so even though houses are built larger today than they were many years ago, this graph automatically adjusts for this variation. The trailing inflation-adjusted prices are then derived by adjusting the nominal prices by the CPI-U Research Series Using Current Methods.
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Albert Martinez presents how to use mind map pictures to capture thoughts and ideas during meetings. Thought you would enjoy. Also my first post from my new iPad. Haven’t figured out how use the link function if there is one. Anyway do it the old fashion way and click on the link. Enjoy….. Terry
Brilliant. Know your client’s problem and help them see their problem is a problem.Go to his article titled “Sell the Problem”.
Enjoy Seth’s blog….Terry
Nano means Little…small… microscopic…. So nano happy means — little happy. That’s all you need to cheer yourself up…. Find a dust particle of happiness and celebrate. T
All friends have one thing in common; all were unknown at one time. Terry McDaniel
“My problem lies in reconciling my gross habits with my net income.” Errol Flynn
1. Is it the Truth?
2. Is it Fair to all concerned?
3. Will it build Goodwill and Better Friendship?
4. Will it be Beneficial to all concerned?