Diamond Real Estate & Investments

By Andrew Vaughey

Real Estate Investing can be tricky, especially in the current market trend, of high inventory, and uncertain mortgage and bank lending debacle.  Many homeowners, and investors, in the past few years have been rushing into the market with the promise of riches.  Golden Opportunities and promises of making it rich, have caused a lot of investors to not focus on the basics of real estate investing.  Patience, due diligence, changes in the market, all these factors can influence the outcomes.  The bubble in real estate and banking have begun to to hurt a lot of people that got into the market in the past 2 years.  Mortgage Shemes Can Trap Uninformed Buyers and Investors.  “Be wary of deals that are too good to be true, they usually are”, stresses Andrew Vaughey.

I have personally purchased and sold about 20 properties in the 3 years, worth more than $10 Million Dollars.  And, it can be frustrating to deal with adjustable interest rates, tenants, and a market of buyers that has seemed to dry up in the past 12 Months.

A lot of people wanted “in on a good thing”.  Now that times have changed, many people are left with the baggage of higher debt payments than they can service, especially as adjustable mortgage rates have reset.  And, the buyers that were in the market 2 years ago, aren’t there today because they just cant get the financing.  Hundreds of Lenders across Washington State, and nationally, have gone out of business.  Now, there is more supply of houses and investment property on the market, than the demand.  This has compelled a self-fulfilling prophesy, which has created a vacum in the housing market.

I was a mortgage broker previously.  I am currently a licensed real estate agent and assocaite broker in Seattle with America’s Choice Real Estate.  I am a great salesman, but have learned that there is more to the managing expectations, than just selling, or buying.  You need to manage expectations.  I pride myself on helping others make good, informed decisions, over the long-term picture.

When people look back to the recession in the late 1970’s, it was hard to see things getting better.  In fact the famous quote of “last person leaving Seattle please turn out the lights”, as Boeing was in the midst of a major pullback rings true today for the Seattle real estate investors.  The days of flipping houses for a quick buck are gone. 

The market has changed.  Real Estate and Easy Mortgage Lending practices are just plain different.  be ware of deals that are simply too good to be true.  Think of the worst case scenario, and plan for that.  But, always keep positive, for a turn around.  Because that is what our nation was build on, the hope and right for prosperity, and homeownership.

Posted by Andrew Vaughey, Andrew B Vaughey, Andrew Barrett Vaughey of Vaughey Consulting Group Inc.