Why Use Kuno?
Buyers
You will know in the first few minutes during your free consultation with Dave that you have selected the best home buyer agent to represent you for your next purchase, AT NO COST TO YOU!! Commissions are paid buy the seller! Dave has been servicing the public since 1995. His resume also includes owning a residential construction company (1995 to 2005-due to changing market conditions) and a property management company. The construction company purchased foreclosed homes to renovate to sell and the property management company purchased 4-unit apartment buildings to renovate to keep in its portfolio. He has been educating his clients for years, now he can use this knowledge and experience to help you! Dave is a full time broker/owner that will dedicate 110% to your success.
First thing we do is sit down and listen to your needs including your family’s life style to come up with a home for you. There are three things that make us produce for our clients which give us a high success rate in finding your dream home or other real estate.
1) Product Knowledge; Dave will take your information and research it in the (MLS) Multiple Listing Service plus local and County Government. You will get detailed market reports on your specific areas of interest including but not limited too; home styles, lot sizes, prices on homes that sold in a 6 to 12 month period, what areas or subdivisions that have greater value over others, how many homes for sale in an area or subdivision and how many days they been on the market. Ratios between active, expired and sold listings that determine good, slow or declining market in an area or subdivision, price per square foot, rooms and room sizes in relation per square foot, age, amenities and the different periods in which construction techniques started to change along with materials used during that change.
Once we go over these detailed reports with you than we will schedule showings on the properties that you have selected. When you go on showings with Dave you will see the excitement and enthusiasm that he displays with his clients. He loves to educate his clients and break things down in a very detailed and understandable manner (product knowledge). Once on the property he will ask you questions on the lot size, home style (arctitechncal features), how is the home location related on the lot and will it meet your needs.
Inside of the home he will ask about each floor space, lay out, amenities, functionality and how this will work for your needs.
2) Construction Experience; For 10 years (1995-2005) Dave purchased residential foreclosures and completely renovated them with all the current up-dates then sold them. This is what makes him the best buyer agent out there, period! He will show you items externally and internally of the home that may need to be repaired and/or replaced plus what current updates have been made. He knows what to look for in a property, it's that simple. He would also re-design and up-date spaces for today’s consumer trends. All new spaces had uniform, proportion and function. This is why his homes sold with-in 30 days after completion (2 week average). Owning a construction company gave him the experience to fine tune his “vision” skills even more to become a premier home buyer agent for his clients.
No one wants to purchase any real estate and then find out later you need thousands of dollars in potential repairs.
This is how we save thousands of dollars for our clients!
3) Market Research; When all this information from above is combined he will give you an opinion on the over all condition of the property and what price to offer in that market. This is where his years of market research experience will pay off for you. Our goal is to find you a home in a neighborhood that has the highest value over other neighborhoods in that same school district or a neighborhood that would have the highest value in that community.
That is why Dave knows how important it is to have the right balance in finding a home for you; property location, how much money is needed for updates and repairs, if those repairs justify the market you are in, function and layout of the lot and the inside of the home. Dave will also explain how all this would help for resale value down the road.
No Realtor has this much knowledge and experience in the market place!
At Kuno Real Estate we have taken home buyer agency to a much higher level than anyone else.
Contact us today for your free consultation!
Looking for new construction, Dave looks at the quality workmanship, materials used, construction techniques and "FUNCTION”.
Real Estate Investors
BEST MARKET TO PLACE YOUR MONEY PERIOD!
Let us help you make 10% to 30% or more return on your money. Dave will show you the secrets that he has used in his successful investing career, like what to pay per individual unit in that area - income analysis, how to cut liability claims (risk assessment), maintenance procedures (PM’s) to minimize operating costs which help extend the life of your mechanicals, negative cash flow- why it's not always a bad thing and show you how to screen your prospective tenants.
Multi-Units are the way to go in our current market/economy and in years to come due to globalization. People are not qualifying for mortgages like in the past and this market will thrive for a long time to come. This is why I tell my clients to purchase a 4-unit apartment building and live in one of the units. You get the same interest rate as you would buying a single family home plus all the benefits for tax purposes; you write off mortgage interest, building depreciation, taxes, insurance, mileage and repairs plus three other families helping you pay your mortgage. After a year or so buy another 4-unit to live in and so on. This is how you build steady and secure wealth. Wall Street, 401K and other retirement programs can not guarantee anything!
That is the beauty of real estate you control and manage it not someone else!
Here is an example of a balanced portfolio on owning 4-unit buildings.
The positive cash flow will be used to cover your personal monthly expenses. One building is used to pay for your child’s college education. If you have more than one child then you need a building for each child. In 18 years you refinance to pay for the costs or use the monthly positive cash flow depending on how many buildings you have. The next building will cover your monthly health care premiums and other health care costs. The next building will cover maintenance issues on the buildings. The next building to pay for material things like a new car, vacations and such. Monthly positive cash flow should always be used for material things because these items depreciate in value. The key is to never sell them (capital gains tax) unless you sell them to buy other real estate of equal or greater value (1031 exchange), this way you are deferring the tax. Another reason not to sell is you can refinance and write everything off on taxes. Just use your monthly positive cash flow to pay for things. By the time you reach retirement age you will have a nice monthly cash flow. Always stay away from refinancing unless you are using the money to purchase other income producing buildings or your childrens education.
Sellers
How can KUNO Real Estate help a seller? Just in reverse as we help a buyer. We will evaluate your home and give an opinion on what items that may need attention and based on what other information from the market you are in to come up with a listing price. Yes we are in a buyers market but you can still sell. You have to be realistic on price. We have seen other real estate companies take a listing just to get a listing and that home is still on the market a year later. Please call us for a free market report on your home and area and get the facts not promises.
80% to 85% of homes are sold through the internet-Multiple Listing Service (MLS) and that percentage climbs every year.
The key to selling real estate is having a experienced & knowledgeable Realtor who is working in your best interest. For Example: One picture of the outside, no interior pictures, and a couple words as a description. No wonder why your property has not sold. Buyers on the internet want details and more details. Just put yourself in the buyer’s shoes. They want to see pictures and more pictures and have detailed information about your property. Knowing how to present your home is our goal. Details and more details are what help sell your home.
Dave will bring his portable computer (lap top) which he takes with him at every listing presentation. You get the most up to date information on your market at the convenience of your home. So when you are ready give us a chance to give our listing presentation. We can save you money on commissions plus give you an actual marketing plan that will help sell your home faster. With our creative marketing ideas you will have an edge over other properties for sale in your area, especially in this slow market. Remember it’s not the large companies that sell your home it’s the Realtor of today that knows how to market your home on the computer!
Dave’s construction and research experience can help determine the market value for your home. Is it worth remodeling, should I remodel the kitchen or bath/s, paint, replace the carpet, replace the roof and so on. These are some of the questions every seller has. It all boils down to will I make money in my market or not. Maybe just doing enough to make your home more marketable to sell faster. Sometimes it’s better if you do nothing. Every home and market is different. KUNO Real Estate has the knowledge and experience to help you get the most money!
Other Service Offered
- Consulting Services for Small & Large Projects
- Representation for Lenders/Banks with REO’s - Listing, Board Ups, Lock Service, Property Management
That is why you should use KUNO Real Estate!
You get the whole spectrum of knowledge and experience!
If you need to sell your home to purchase another it can be a challenge but not impossible. Please do not listen to what you hear, every market is different. Dave has 14 years of market research experience. He will take the time to go over all your options in your market and the market you want to be in. This is what sets KUNO Real Estate apart from the rest, Market Research and presenting it to you were it makes sense. An educated consumer is our best customer!
You may lose equity in selling your home but you make it up in buying one. If you were to sell and not purchase anything then you will lose money (equity). Just like when it was a sellers market, you received top dollar when you sold and you paid top dollar when you purchased.
For example, we helped our client purchase a home 4 years ago for $585,000 at the time the market was peaking out. Now our client is married with a growing family and in need for a larger home. We sold their home for $500,000, an $85,000 loss.
As soon as we gathered all the information we needed on what type of home they were looking for we started searching the Multiple Listing Service (MLS) and found 3 different subdivisions with the school system they wanted to be in. Each subdivision homes were selling differently than the other based on age, square feet, beds, baths and so on. We compared all options and told them this particular subdivision will give them more dollar value with the criteria they were looking for plus the "function" they wanted. They purchased a home for $689,000 which sold for $825,000 four years ago.
Now you can see the $85,000 loss on their home gave a total gain of $51,000 on their new one ($825,000 minus $689,000 = $136,000 minus the $85,000 loss = $51,000). It’s researching different markets to get the best value for the dollar. Another example: a home that sold for $500,000 four years ago is still worth $500,000 today. Our clients upgraded to a $700,000 home which 4 years ago sold for $790,000. Our clients did not make any money on the home they sold but they made $90,000 in equity on their new purchase.
The key is when will prices bottom and which markets will bottom first! This is why Dave Kuno will break down everything you need to know. He is the best when it comes to researching markets!
Here in the Midwest we do not have huge market swings like they do in California, Arizona, Vegas and Florida. Please do not listen to the media.
Our area has about 4% to 6% average appreciation a year under normal market conditions which we have not had since 2001. Home values are based on economics but values were inflated due to above normal market activity that was created by non-traditional lending practices. We are in a deflationary period and will continue to be for a while. All of 2010 will be like 2009 unless interest rates stay below 4% for a fixed 30 year term, unemployment numbers really start declining but creating sustainable jobs were the average person is earning 75K to 100K, this will stabilize the market. These are the three main points but incomes have to keep up with the price of goods/services and inflation. It will continue to be a buyers market. Some areas have experienced an 8% to12% decline and others 12% to 20% decline. The 12% to 20% declines are homes in the 500K to 1 million and above price range. Why? because of wage earnings. Majority of the homes built were in this price range, hence deflation. The homes up to 400K are selling. We have to keep watching; commodities, interest rates, dollar, economic growth, GDP, employment numbers, wage numbers, how globalization is affecting our area, how many foreclosures in a subdivision and investor confidence.
The more homes that are for sale in a subdivision and no buyers, then that will lead to more deflation in home values. If one home in a subdivision is for sale we do not care what the market conditions are home values will stay high. Supply & Demand! There is always one family looking to live in that subdivision. It's when you have a lot of homes for sale in a subdivision that lead to falling prices because sellers keep lowering their price to sell. As a buyer even if prices come down another 3% to 5% you are still ahead of the game. Especially if you buy a foreclosure! You can not lose because of the equity you have made. But again it’s all about economics in an area!
Hopefully we gave you some points to think about please call us if you have any questions. We are here to help you succeed. We have only scratched the surface on information.
Contact Kuno Real Estate Today