Andrew Trevino Wilkes-Barre Homes For Sale

Yes, that's right!!! Scranton, PA is rated by CNN's Money Magazine as 7th in the list of "Fastest Growing Real Estate Markets". I'd say that's pretty impressive. It's also something I've been saying for a long time now.

Our market is solid!! I wouldn't call it " recession-proof". We have our issues, but we haven't experienced the stellar growth of many markets who are now suffering the woes of double digit losses in home values and foreclosure rates that are through the roof. No, we've taken the slow and steady route and it shows in our current statistics, taken from the following article... http://finance.yahoo.com/real-estate/article/105048/10-Fastest-Growing-Real-Estate-Markets

7. Scranton, P.A.

12-month forecast: 2.2%
Median home price: $128,000
One year price change: 7.2%
Five year price change: 41.1%
Change in foreclosure rate: 8%

As you can see, we're expecting very big things over the next few years. For years there has been talk of extending the rail system to make a connection from NYC straight to the Scranton/Wilkes-Barre market. This will mean a huge boom for the area in housing prices for both home sales and rentals. That in turn will mean a lot for the savvy buyer who get's in on the action now, while the prices are still within reason.

If you are interested in learning more about the Wilkes-Barre/Scranton market, contact me today or check out my website at www.wilkesbarrehomesales.com.

The perfect storm has been brewing in the Wilkes-Barre, PA real estate market for some time now.

We have a very large amount of older homes on the market that need some rehabbing. You can buy them pretty pretty low and fix them up well within the 80% LTV you'll need to refinance them later. This also puts them onto the rental market, if your plan is to hold them, at a reasonable range for most renters and high enough to pay the mortgage when the refi is done.

The mortgage issues abounding in most financial institutions have forced many of those who would have qualified for a sub-prime loan into the rental market until they can get into a better credit situation as well. This means that there are many more qualified renters out there looking for housing. The promise of a recently rehabbed home is almost too enticing for most renters and, through a good interview and background check process, a good renter is found without too much wait or hassle.

Recent changes in Wilkes-Barre's stance on absentee landlords have forced any landlord in the area to register their property, have it inspected, apply for a license and provide the name of the person who will be managing their property. Failure to do any one of these things could be quite costly for the landlord in question. For the absentee landlord, this calls for a Property Manager.

Add all of these factors together and you have the very obvious need for a Property Management Company that can provide quality property management services for our community. I think this has become obvious over the last few months, as more and more Brokers in the Wilkes-Barre market are looking into this sector of the Real Estate market.

I have provided that answer for the Wilkes-Barre market with my new company, ADT Property Management Co, LLC. Through this new company, I am able to provide Property Management to our increasing number of investor clients who will be rehabbing and holding their properties. I will also be taking on new property management clients who already have properties to rent as well as those new clients who will be buying and renting new properties.

I would urge anyone interested in these services to contact me right away. I can provide a full range of services, making your investment experience a smooth and profitable one. I give you the ability to have as much, or as little, interaction with your property as you desire. Call or send me an e-mail right away to discuss the many options available to you.

This is a great time for the wise investor to take advantage of some of the great deals that are available out in the Wilkes-Barre, PA real estate market. Our area is teeming with older homes that are coming on the market in droves at incredibly low prices. For investment groups like Real Estate Riches and others, it's like throwing chum into the shark infested waters. As soon as one of these morsels is thrown into the water, the investors are churning in their offers hoping to be the fortunate bidder to come away with the prize. No, this market isn't one for the meek. It'll take quick, decisive action to survive in these blood-filled waters.

I've seen the whole gambit of investment strategies with these investors. There are the low-ballers, who throw a lot of paper at a lot of sellers, hoping to catch the right one at the right time to close the deal. These guys aren't the most successful with their strategy, but they're busy and I guess that makes them feel like they are accomplishing something. They'll be on an infomercial soon, talking about how they bought their last property for pennies on the dollar. If they don't run out of energy (and Realtors who want to spend a lot of time writing offers for them) and they can take the continual rejection, they'll find some level of success.

There are the patient ones who, like a trap-door spider hang out and wait for the right property to come along. Then, like a lightning bolt, they flash out with their fullpricecloseinthreeweekswithcashandforgettheinspectionsplease offer and move on to closing and a rehab. This is very likely the Realtors favorite kind of investor. They don't come around often and they sure won't pay the bills, but they're a sure shot and we love to get that call.

And we can't forget the slow and steady, patient investor who will make sure those numbers are dead on before making their offer. They have the whole transaction calculated to the dime before the offer is put in. These are the ones I really hope get the nod, but it's a battle these days. The good thing is that these investors don't get emotionally involved with the property. It is just business after all. The offer wasn't accepted? No problem, let's move on. They are the ones who will be retiring when they plan to, with their investments paying the bills.

Whatever the case may be, I am just happy to be a part of the process. I thank God every day that I am a Realtor and can actually pay the bills by helping others fulfill their Real Estate dreams in Wilkes-Barre, PA. It's helpful that I also own a Property Management Company, so I can help those investors manage their properties, should they decide to hold and rent them.

If you are an investor, hoping to invest in the Wilkes-Barre market, get in touch with me today. I can help. If you know of someone who wants to start investing in the area, send them my way as well.

I have been talking about it for months now. I have put it into a few posts over the last few months, trying to counter the bad news coming from our national media. Check out some of those posts here and here. It's always interesting to see the reaction on people's faces when I tell them that the real estate market is in great shape in Wilkes-Barre, even showing an increase in homes sold and average sale price last year amid the gloom and doom reporting nationwide.

This week, I found great pleasure in the following story that was first page on one of the local papers, the Citizen's Voice, Stability keeps NEPA housing market afloat. All that I've said about our market is there. We still have areas showing great growth and other areas with even greater potential, with an overall stable real estate market. It's been said over and over again that it's a great time for buyers to buy due to the low, low interest rates. It's also a great time for sellers to sell due to the continued demand for houses that are priced right and in good condition. These factors combined could possibly form to be a "perfect storm" for Realtors in the Wilkes-Barre real estate market during 2008.

Stories like this one, on the front pages of our local media, make what I've been saying for so long that much more credible. It's amazing the power the media has over the minds of people these days. I continue to be amazed by it. Just earlier this week, while I was dropping my vehicle off to be inspected and discussing the fact that I'm a Realtor with the owner of the garage, he commented to me that it must be rough to be a Realtor in today's market. When I told him that we were alive and well, he seemed surprised because of the stories he's heard in the national media. After this story came out, I've heard numerous comments about how strong our real estate market is and can see the pride that people have in their faces and voices over their area being better than the rest of the nation at something.

The thing that stands out for me more than anything else is the fact that I have been saying this same thing for months. Before I looked up the facts that backed up my statements, I knew this was true. Before I countered the arguments of others about how bad our market was, I knew it was true. How did I know it was true? Because I am a local real estate professional. I am a Realtor. I help people buy and sell real estate for a living. I am out in our market day in and day out. I have my finger on the pulse of our market and, months before the media confirmed what I have said, I was blogging about the health of the Wilkes-Barre real estate market.

So, if you really want to know the truth about your real estate market, I recommend asking a true professional in your market. Ask a Realtor. Don't wait for months for the media to confirm what you can know right now!!!

In November I posted about our new property management company in Wilkes-Barre, PA, R&R Property Management Co. Since that post, we have almost doubled our units to 38 and are getting calls on a daily basis from interested investors. Faced with this almost overwhelming cry for help from the swarm of investors in our area, we have decided to offer our services to more than just our own clients.

We are now offering property management services to all interested property owners in Luzerne County, PA. There is a real need for a professional company to handle the property management needs of our communities and we are more than willing to step up to the plate to supply that service. We have had other companies say that they do a better job, but experience has shown that R&R Property Management Co. will get the job done where others can't. We know our area.

Are you looking for a company to find your next tenant? Look to R&R Property Management Co.

Are you tired of dealing with tenant issues that take up your time? R&R Property Management Co. can help.

Not sure of what is required by the city or township your rental property is located in? R&R Property Management Co. is.

Want to make your property value rise? R&R Property Management Co. can help you maintain your rent rolls and show a regular profit, making your property more attractive to future investors should you decide to sell some day.

Want to reduce your overhead? R&R Property Management Co. can help to reduce your costs by leasing to the right tenants and making sure your property is maintained by the tenants you have.

Are you an investor looking for money-making properties in Luzerne County, PA? Call on us to help you find your next positive cash flow opportunity.

Do you own rental property on the west side of the Susquehanna river? We have a waiting list of nearly 40 tenants looking to rent your property today. Give R&R Property Management Co. a call today to see how we can deliver peace of mind (and a check) to you next month.