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Ben Sage, Sales Representative.
Re/Max a-b Realty Ltd., Brokerage.
519-536-7535
521 Dundas St.
Woodstock, ON N4S 1C3
www.facebook.com/SageAdviceRealEstate
www.bensage.com
www.oxfordcountyhomes.ca
Wednesday, February 22, 2012
Thursday, February 9, 2012
Whats Happening in Woodstock, Feb 2012 Edition
Hello again!
It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.
For the year end Average Sales, we have once again seen a slight increase in average sale prices in Woodstock. Woodstock Residential sales averaged $218,102 in 2011, up 3% from 2010.
It looks like the Average Sale Price for a Residential property in Woodstock in January 2012 was $226,245 which is up from $225,082 in December of 2011, up 1% over January of 2011.
This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock. As of Feb 1, 2012, Woodstock showed 266 Active homes for sale, and 30 sold within the month of January.
I hope you find this information useful and informative - if you have any questions about this or other Real Estate related matters, please feel free to contact me!
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.
For the year end Average Sales, we have once again seen a slight increase in average sale prices in Woodstock. Woodstock Residential sales averaged $218,102 in 2011, up 3% from 2010.
It looks like the Average Sale Price for a Residential property in Woodstock in January 2012 was $226,245 which is up from $225,082 in December of 2011, up 1% over January of 2011.
This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock. As of Feb 1, 2012, Woodstock showed 266 Active homes for sale, and 30 sold within the month of January.
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
Saturday, January 14, 2012
When is an 8% return on investment actually 35% ???
Good day all!
Many of you know that I am not only a Real Estate Salesperson, but also a Real Estate Investor. The purpose of this blog post is to show how you can absolutely demolish returns expected through traditional stock-market investments through Real Estate Investment.
So, how is it possible to earn HUGE returns on your investment in this volatile marketplace?
Let's use my new listing at 42 Vansittart Avenue in Woodstock as an example.
Asking Price is $157,750.
Both units are currently rented, grossing $16,800 annually.
Landlord covers Property Taxes ($2,138 annually), Water ($1,100 annually), and Water Heater Rentals ($380 annually)
You should probably have insurance too ($600 annually).
This leaves a NET OPERATING INCOME (NOI) of $12,582.
When you consider that you'll earn $12,500 on a purchase price of $157,750, you end up with a RETURN ON INVESTMENT (ROI) of 7.92% or, 8%.
This 8% return on investment assumes that you paid $157,750 in CASH for the property.
Not a bad return, when I consider what my Mutual Fund portfolio looks like at the end of 2011......but....
BEHOLD the POWER OF LEVERAGING!
Suppose, however, you decided take out a mortgage on the property, as opposed to pay cash for the full amount. How does the investment look then?
Well, you'd need a 20% downpayment (thanks to the instability in the global markets, investors need to pay 20% upfront in order to purchase "speculative" property).
So, your 20% downpayment would be $31,550.
Lets assume closing costs at 1.5% (may be more, may be less, depending on certain circumstances). Another $2,366.25.
Your total out of pocket expense would be $33,916.
We now must add the cost of borrowing that money into our expenses. Year 1 on a mortgage (using 4% fixed/15 years) would cost you $4,893, reducing your ROI to $7,688
Considering you've only invested $33,916, and you're earning $7,688 on that investment, it now shows a return of 23%.
TRADITIONALLY, PROPERTY VALUE IS AN APPRECIATING ASSET
Calculating Capital Appreciation based on 2.5% annual increase in property values (historically, increases have been much higher than that, however, lets be reasonable here - historic increases are largely unsustainable, and a more conservative approach is prudent) shows a further gain of $3,950 in equity.
LOOKING AT THE BIG PICTURE.....
After the first year, you've seen a 23% return on your cash investment, and you've seen an appreciation in the asset of 2.5% or $3,950 (representing a further 12% return on your cash investment), for a TOTAL RETURN ON CASH INVESTMENT of 35% in your FIRST YEAR!
MONEY OUT = $33,916
CASH RETURN = $7,688
CAPITAL APPRECIATION = $3,950
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
Many of you know that I am not only a Real Estate Salesperson, but also a Real Estate Investor. The purpose of this blog post is to show how you can absolutely demolish returns expected through traditional stock-market investments through Real Estate Investment.
So, how is it possible to earn HUGE returns on your investment in this volatile marketplace?
Let's use my new listing at 42 Vansittart Avenue in Woodstock as an example.
Asking Price is $157,750.
Both units are currently rented, grossing $16,800 annually.
Landlord covers Property Taxes ($2,138 annually), Water ($1,100 annually), and Water Heater Rentals ($380 annually)
You should probably have insurance too ($600 annually).
This leaves a NET OPERATING INCOME (NOI) of $12,582.
When you consider that you'll earn $12,500 on a purchase price of $157,750, you end up with a RETURN ON INVESTMENT (ROI) of 7.92% or, 8%.
This 8% return on investment assumes that you paid $157,750 in CASH for the property.
Not a bad return, when I consider what my Mutual Fund portfolio looks like at the end of 2011......but....
BEHOLD the POWER OF LEVERAGING!
Suppose, however, you decided take out a mortgage on the property, as opposed to pay cash for the full amount. How does the investment look then?
Well, you'd need a 20% downpayment (thanks to the instability in the global markets, investors need to pay 20% upfront in order to purchase "speculative" property).
So, your 20% downpayment would be $31,550.
Lets assume closing costs at 1.5% (may be more, may be less, depending on certain circumstances). Another $2,366.25.
Your total out of pocket expense would be $33,916.
We now must add the cost of borrowing that money into our expenses. Year 1 on a mortgage (using 4% fixed/15 years) would cost you $4,893, reducing your ROI to $7,688
Considering you've only invested $33,916, and you're earning $7,688 on that investment, it now shows a return of 23%.
TRADITIONALLY, PROPERTY VALUE IS AN APPRECIATING ASSET
Calculating Capital Appreciation based on 2.5% annual increase in property values (historically, increases have been much higher than that, however, lets be reasonable here - historic increases are largely unsustainable, and a more conservative approach is prudent) shows a further gain of $3,950 in equity.
LOOKING AT THE BIG PICTURE.....
After the first year, you've seen a 23% return on your cash investment, and you've seen an appreciation in the asset of 2.5% or $3,950 (representing a further 12% return on your cash investment), for a TOTAL RETURN ON CASH INVESTMENT of 35% in your FIRST YEAR!
MONEY OUT = $33,916
CASH RETURN = $7,688
CAPITAL APPRECIATION = $3,950
(TOTAL RETURN = $11,638)
Divided By
(TOTAL INVESTMENT = $33,916)
equals
34% ROI
CALL ME TODAY TO GET STARTED!
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
Thursday, December 1, 2011
What's happening in Woodstock, December 2011
Hello again!
It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.
It looks like the Average Sale Price for a Residential property in Woodstock in November 2011 was $207,325, which is down from $221,112 in October of 2011, but remains up 4% over November of 2010!
This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock. As of November 2011, Woodstock showed an Absorption Rate of 7.2 months (meaning at it's current inventory and sales levels, our market would run out of inventory in 7.2 months).
I hope you find this information useful and informative - if you have any questions about this or other Real Estate related matters, please feel free to contact me!
Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.
It looks like the Average Sale Price for a Residential property in Woodstock in November 2011 was $207,325, which is down from $221,112 in October of 2011, but remains up 4% over November of 2010!
This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock. As of November 2011, Woodstock showed an Absorption Rate of 7.2 months (meaning at it's current inventory and sales levels, our market would run out of inventory in 7.2 months).
Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
House Prices Flatten in September (on a National Level)
After nine straight months of increases in the national home price, the numbers flattened in September, according to the Teranet—National Bank House Price Index out today.
Both the national composite of the recently expanded 11-city index remained at 149.52 in September.... (Click HERE to read the complete article.)
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
Both the national composite of the recently expanded 11-city index remained at 149.52 in September.... (Click HERE to read the complete article.)
Ben Sage, Sales Representative. www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
Thursday, November 10, 2011
Oxford County unveils new website.
The County of Oxford today revealed phase I of it's newly developed website. The site features a new "glossier" look, similar to other websites, streamlined navigation, upgraded search function, new mapping tool, and SMS service for news, events, tenders and other updates.
Take a minute and have a look:
http://www.oxfordcounty.ca/
Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca
Take a minute and have a look:
http://www.oxfordcounty.ca/
Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca
What's Happening in Woodstock? November 2011
Hello again!
It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.
It looks like the Average Sale Price for a Residential property in Woodstock in October 2011 was $221,112, which is up from $214,230 in September of 2011, and up almost 11% over October of 2010!
Continued low interest rates, and lack of supply seem to be supporting values in Woodstock.
This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock. As of October 2011, Woodstock showed an Absorption Rate of 6.5 months (meaning at it's current inventory and sales levels, our market would run out of inventory in 6.5 months).
I hope you find this information useful and informative - if you have any questions about this or other Real Estate related matters, please feel free to contact me!
Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca
It's time for a market update. These statistics reflect Residential Real Estate Sales information (excluding condominiums) in Woodstock, Ontario. These statistics were generated using information from the Multiple Listing Service.
It looks like the Average Sale Price for a Residential property in Woodstock in October 2011 was $221,112, which is up from $214,230 in September of 2011, and up almost 11% over October of 2010!
Continued low interest rates, and lack of supply seem to be supporting values in Woodstock.
This chart shows current Residential Listings, compared to Residential Homes Sold in Woodstock. As of October 2011, Woodstock showed an Absorption Rate of 6.5 months (meaning at it's current inventory and sales levels, our market would run out of inventory in 6.5 months).
Ben Sage, Sales Representative. Re/Max a-b Realty Ltd., Brokerage. 519-536-7535. 521 Dundas St., Woodstock, ON
www.facebook.com/SageAdviceRealEstate www.bensage.com www.oxfordcountyhomes.ca
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