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Judi Ross
Re/Max Savannah

350 Hodgson CT
Savannah, GA 31406
Office:  912-355-7711
Judi's Direct Phone: 912-657-8070
Email: judi@judiross.com

Welcome & Thank You For Visiting
"Focused On What Matters Most To You"

Welcome to Savannah, Georgia's First City, a historic city with a revered past, a vibrant present and an exciting future. Savannah has an atmosphere and charm fostered by residents who have cherished and preserved its past. Our love of history is embodied in the beautifully restored homes, churches and public buildings that grace the city's unique, tree-filled squares, and that affection has given rise to a tourism industry that's boomed dramatically since the mid-90s. 
Energized by the upsurge in tourism and other positive economic factors, we have entered the 21st century in the enviable position of being able to use our past to enhance our present and future. Our Landmark Historic District is in the midst of a commercial revitalization that is spreading to the midtown Victorian District and spilling over into the eastside islands, the fast-growing Southside and the industrialized areas west of Savannah. 
Savannah is not only a top tourist destination but also an ideal city for business or family. Our diverse economy forms a strong business and employment base ranging from manufacturing to distribution, from tourism to military, from healthcare to port operations and retail sectors. Savannah is home to Hunter Army Airfield and Fort Stewart military bases. Combined the two bases employee more than 42,000 people and generate an annual direct federal expenditure of $1.4 billion dollars.


 


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simplifying the Market

Billionaire: Buy a Home… And if You Can, Buy a Second Home!

Billionaire: Buy a Home… And if You Can, Buy a Second Home! | Simplifying The Market

Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that:

"The housing market has bottomed. It's not too late to get involved. I still think buying a home is the best investment any individual can make. Affordability is still at an all-time high."

When asked how the average person could take advantage of the current real estate market at the time, Paulson said:

“Buy a home and, if you can, buy a second home.”

Two years ago, Paulson reiterated his statement, saying:

"I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of."

Who is John Paulson and why should you listen to him?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell.

What do others think of Paulson?

According to Forbes, John Paulson is:

“A multibillionaire hedge fund operator and the investment genius.”

According to the Wall Street Journal, Paulson is:

“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.” 

So… Is what he said still true?

The core reasons behind Paulson’s statements still ring true today, but why does he believe homeownership is such a great investment?

Paulson broke down the math of homeownership as an investment:

1. "Today financing costs are extraordinarily low.”

The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage at historically low rates of under 4%.

2. “And if you put down, let's say, 10 percent and the house is up 5 percent,” as many experts predict, “then you would be up 50 percent on your investment."

How many are seeing a 50% return on a cash investment right now?

Paulson goes on to compare the long term financial benefits of owning versus renting:

3. “And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”

Bottom Line

Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.

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Investment Home Sales Rebound in 2015 [INFOGRAPHIC]

Investment Home Sales Rebound in 2015 | Simplifying The Market

Some Highlights:

  • 2015 marks the first year-over-year increase in investment home sales since 2011.
  • 62% of all investment homes purchased were single family homes.
  • The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%).

Investors: More Sales and Higher Prices

Investors: More Sales and Higher Prices | Simplifying The Market

The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Two weeks ago, we posted on the vacation home market. Today, we want to concentrate on the investor real estate market.

The survey revealed that investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from 1.02 million in 2014.

Investors: More Sales and Higher Prices | Simplifying The Market

Lawrence Yun, NAR’s chief economist discussed the increase in the number of sales:

"Despite a smaller share of distressed properties coming onto the market, investment purchases reversed course in 2015 after declining for four straight years. Steadily increasing home prices and strong rental demand appear to be giving more individual investors assurance that purchasing real estate will diversify their portfolios and generate additional income if they decide to rent out the home."  

Prices Are Also Up

The price paid by investors also increased in 2015 by 15.3%.

Investors: More Sales and Higher Prices | Simplifying The Market

Tomorrow, we will be providing an infographic that will highlight the other findings about investors from the survey.

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Homes Continue to Sell Quickly Nationwide

Homes Continue to Sell Quickly Nationwide | Simplifying The Market

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015.

42% of homes across the country were on the market for less than a month, which is the highest it’s been since July 2015 (43%)!

Among the states with homes selling in 30 days or less are Washington, Oregon, and Minnesota. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.

Homes Continue to Sell Quickly Nationwide | Simplifying The Market

Bottom Line

Buyer demand is increasing as the inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, let's meet up so I can help you take advantage of current market conditions!

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Testimonials Page

When my husband and I first started our house search, we were not completely sure what we wanted. We met with Judi Ross and she spent a great deal of time with us to determine what we needed/wanted, after which she showed us several options (condos, houses), which helped narrow down our search. She expertly guided us through the real estate maze to help us discover the house that was perfect for us. Mrs. Ross has an incredible knowledge of the Savannah area and has an intuitive vision for expertly guiding her clients through the maze of real estate choices in this area. Her experience and vast familiarity of the greater tri-county area make Judi Ross is the consummate real estate agent. Scott and Elaine Nelson
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