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Real Estate Information |
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Real Estate Research By Talking
Real estate research might start with a look at the U.S. Census information about a town. It can include inspections of specific properties, too. There are many statical tools and information that can help, but don't forget one of the easiest and most useful research tools: talking. Let me explain with a true story. My wife and I were on vacation, and stopped in Farmington, New Mexico for a few days. We were about to buy a house for a winter project. The plan was to fix it up and sell it in the spring for a profit. Just prior to making an offer, we took a last walk-through. As the owner showed me around, my wife started to talk to the woman who was renting the home. She told Ana that half of the outlets in the home didn't work, as well as other useful information. This got me thinking, and I went down to the basement for a second look at the wiring. Not only did the house likely need all new wiring, but I found a garden hose attached to a natural gas line. The owner shrugged and said, "You can just cut that off." To this day, I don't know what that was about, but for these and other reasons, we didn't buy the house. It helps to talk to anyone you can when looking at a house or other real estate investment. Neighbors and renters are especially helpful. Real Estate Research - Choosing a City Talking to a lot of people isn't just useful for information on individual properties. It is also a great way to research a town. I once called the Chamber of Commerce of Deming, New Mexico. The chairman's casually commented that the city was using up the water faster than the aquifer was being replenished. They had no back-up plan. This was enough for us to cross Deming off our list. If you want to know about a town, use the phone first. Find any excuse to call anyone from a real estate agent to a random resident. Ask about crime, whether the local government welcomes new businesses, what the climate is like. Have houses been sitting for sale for a long time, or do they go fast? What are the good and bad things about the town? Before we moved to Tucson, Arizona, part of our real estate research was to call people in potential towns to see if they owned a snow shovel. If so, we crossed the town off the list. Two places can both get 45 inches of snow per year, but in some it stays all winter, and in others it melts before noon. The snow shovel question told us the truth behind the statistics. Once you're in a town, a good local bar can be a great place to do your research. After a beer, patrons will tell you what big employers are about to move in or out of the town, how fast homes are selling, whether there are gangs, and much more. Talking to people is a good way to do real estate research, but verify what you hear. People do sometimes exaggerate. Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: Finance Guru Dave Ramsey Built This Lavish Tennessee Estate—Now It's Back on the Market for $15 Million Realtor.com Blackstone Executive Wesley LePatner Died in NYC Shooting Business Insider Slain Blackstone executive was a real estate powerhouse Crain's New York Business CoStar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Brokerage Growth Dominated by New Models Mike DelPrete - Real Estate Tech Strategist New bill aims for stricter penalties against real estate brokers who violate housing discrimination laws The Bay State Banner The market is changing — and the industry's old rules are outdated Real Estate News by RealEstateNews.com Central Pa. real estate company expands to Georgia Central Penn Business Journal SRS Real Estate Partners Arranges $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ citybiz Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach Morningstar I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business CREFC Sentiment Index Surges in Q2 2025, Signaling Rebound in CRE Market Optimism Boston Real Estate Times Mortgage Rates Today: The States Offering Lowest Rates – July 30, 2025 Norada Real Estate Investments Jersey County property sales recorded July 21-25 Alton Telegraph 10 metro Detroit suburbs where homebuyers can still find a deal Detroit Free Press Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net Mortgage Rates Predictions for the Next 90 Days: August to October 2025 Norada Real Estate Investments Real estate giant Blackstone caught in crossfire after top executive Wesley LePatner killed in NYC shootin The Economic Times Richland County property transfers recorded July 21-24 Mansfield News Journal US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Yahoo Finance ‘Walking beside him’: Daughter continues stepfather’s real estate dream Mountain Home Observer Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Delaware June home sales stronger than national numbers; median sold price at record high The News Journal Double digit price increases for Putnam real estate Mid Hudson News Real Estate Expert Jody Wainio of Buyers Choice Realty Shares Advice on Mortgage Pre-Approvals in HelloNation GlobeNewswire Remote Bookkeeping Services from IBN Technologies improves U.S. Real Estate Firms Financial Oversight Barchart.com News | Bank of Canada decision to hold overnight rate steady keeps real estate industry waiting CoStar Real estate transfers: 7/30 Toledo Blade Universities leverage their real estate amid financial shortfalls and demographic cliff The Business Journals After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Yahoo Home Another downtown apartment tower is up for sale Crain's Chicago Business The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Christie’s Debuts Crypto Real Estate Division The New York Times Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com News | UK commercial real estate investment slips slightly to £10 billion in second quarter - CoStar Real Estate Transactions | July 14-18, 2025 Republic-Times America's Unhinged Real Estate Market Is Driving Down the Birth Rate Business Insider Leading Arizona Real Estate Team JBRE Joins Real Brokerage, Bringing $310M Sales Portfolio Stock Titan Inside Hulk Hogan’s $11 Million Real Estate Empire EntertainmentNow Real estate office renovating former daycare The News-Enterprise Executive Killed in Manhattan Shooting Was CEO of Blackstone's $53 Billion Real Estate Megafund Realtor.com Arkansas Commissioner of State Lands to auction more than 700 tax delinquent real estate parcels Thursday Hot Springs Sentinel Record |
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