“the first to apologize is the bravest – the first to forgive is the strongest- the first to forget to forget is the happiest”
DAILY REAL ESTATE NEWS | THURSDAY, APRIL 11, 2013
An improving housing market is creating a sharp increase in land prices and “creating big profits for land investors but putting pressure on builders to further increase the price of new homes,” The Wall Street Journal reports.
Land values across the country increased 13 percent last year — the first gain since 2005, according to a report by Zelman & Associates. The increase has been mostly sparked by growing demand among builders for finished lots.
“There’s no question the land market has gotten heated of late,” says Richard Dugas, chief executive of PulteGroup Inc. “In some markets, it’s a real challenge to get land deals to pencil.”
The land shortage could equate to higher new-home prices for consumers. The cost of land is about 21.7 percent of the final sales price of a new home and usually the land cost gets 100 percent passed down to the buyer, according to the National Association of Home Builders. Some analysts predict new-home prices will rise 10 percent to 15 percent this year, mostly due to the rising cost of land.
While land prices have risen lately, analysts note that land prices are still down from its peak reached in 2005 and 2006.
Source: “U.S. Land Gets More Expensive,” The Wall Street Journal (April 9, 2013)
a little about me and my expertise – video
land specialist- land expert-investment broker-Arizona
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial and Landspecialist in Phoenix and a Landspecialist in Arizona.
1.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
In my opinion we are at bottom of the cycle in Commercial Real Estate in Phoenix, so there is only one way and it’s called we are going up again and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
2.
IF YOU OR ANYBODY YOU KNOW IS IN TROUBLE WITH YOUR BUSINESS, AS MANY AMERICANS ARE IN THE MOMENT, AND ARE ABOUT TO LOSE YOUR COMMERCIAL PROPERTY, PLEASE CONTACT ME. IF YOUR BANK IS BEHAVING BADLY I MAY BE ABLE TO HELP YOU GET OUT OF SOME OR MAYBE A LOT OF FUTURE HEADACHES.
3.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
Since I was a Land Specialist in Arizona and a Land Speciaost in Phoenix many of my clients, Sellers and Buyers remember me and now they are calling me again, so this is the time to get back into land and none of my clients, including future clients, will miss out on getting their best deal.
Also, if you are up-side down on your land, like many Americans, and the lender is giving you a hard time, now is the time to put your land on the market. Lenders are making deals now with short sales. I have been working with banks for many years – I learned how to work with them.
If you have any questions about the 1 to 3 above, about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell) 602-778-5110 (office direct).
Thank You
Walter
Walter Unger CCIM
Associate Broker
Kasten Long Commercial
2821 E. Camelback Road, Suite 600
Phoenix,AZ85016
Cell: 520-975-5207
Direct: 602-759-1202
Office : 602-445-4141
Fax: 602-445-4188
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