This week we have news of a different kind. Previously we have highlighted a family member with a side business or someone who has ventured out on their own to make a living. The news today is about real estate.
The market for real estate has been in a bit of a lull over most of this year. No worries-- this is just thinning the herd. Too many people thought they could make a quick buck off of the surge in real estate values and the number of home sales. A great man once said, "Any idiot can make a dollar in a bull market."
So once this purge has weeded out the weak, there will be good things left for those who did things right.
How does this all figure to our family?
Gramma Connie will be selling her Lompoc property, currently occupied by uncle/brother Paul Hernandez, at 501 N First St (click for map). The listing price will likely be somewhere in the neighborhood of $325,000 to $350,000.
Not a bad price. The hope is that it can stay in the family, with one or more folks teaming up and buying the house as an investment or as a live in. Real Estate partnerships happen all the time, and it makes it easier for people to invest when they can pool their resources.
She's taking offers, so let Gramma Connie know. Better yet, let her Realtor know:
Teresa Arellanes
805-252-0347
tarellanes@century21ahart.com
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