19 articles in All

Murphy NC

About the Town, of Murphy, NC, located in the Western North Carolina foothills!

Guest Writer- English Stone-HorseBack riding in the Georgia Mountains!

Agency Relationships in Real Estate in Murphy, North Carolina

Carshow at Brothers Restaurant in Murphy, NC. located in the Western North Carolina Mountains

For Sale By Owner

Curb Appeal: Staging for Streetview

First Time Buyers Tax Credit

Stagin on a Budget

Can Color Cost You a Sale?

Kitchen and Bath Design Trends

10 Ways to Make Your House Greener

New Day at the Cherokee Co. Health Department, Murphy, NC.

A True American (in Murphy North Carolina)

Restaurants in and around the Murphy, NC. area

Home Rehab Remodeling for Homes for Sale in Murphy, NC.

Appliance Longevity-Homes for sale in Murphy NC

Cherokee County Maps

Real Estate Investments- Beginning to End, Murphy NC



Its always a hard decision to know when you are getting the best and most profitable price you are going to get for a 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.

15 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.   Investing, is a way to make money. 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. 15 years ago, when I opened my company, we were selling 2 Bedroom 2 Bath chalet style homes on lots about the same as today, for $49,900., $59,900. and $69,900. It was the beginning of the market. Now we are at the end of the bubble, ready to begin anew.

How many times a day do you hear someone say “ I should have bought everything I could have.  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, our market here, as far as home prices, and land prices have remained fairly stable. Those homeowners aren’t worried about todays foreclosure difficulties, nor bad market woes, being cried about and pushed down our throats by the news media.  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, there are some foreclosures around, and some very good deals!  There are people ready to sell, needing to sell, and willing to listen to an offer, of those wanting to buy.  Now is the time to buy….

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 15 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 15 years.  Investors who have made money in all markets, because they were savy 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.  But, could it be just a case of news sensationalism. True, there are areas that are having major difficulties, but, 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. But, what do I know. The vets 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 sittin at the table, there’ll be time enough for counting, when the dealings done!” The dealing is not yet done folks,
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.



 

 
 

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