Lawrence Kansas Real Estate

The tenth Tools of the Trade Tip is on how to calculate future values.  No I'm not a mind reader.  Future value answers the question of what will a future value be on a property or investment.

First, it is a good idea to do these on a financial calculator.  I purchased the HP 10B II.  However, Pat Zaby has a software financial calculator that can be downloaded for free from his www.PatZaby.com website.  I took a CRS course from him and learned quite a bit but I had already downloaded his calculator before taking the course.

Let's say you are planning on investing in a $100,000 rental property that you anticipate will gain 7% per year and that your goal will be to sell it in six years, and you want to know what it will be worth at that time.

After turning your financial calulator on and hitting the orange "C All" which means Clear All registers you would enter 6 and then hit the "N" key to enter the Time (duration).  You would then enter a 7 and then hit the "I/YR" to enter the interest rate or in this case growth percentage per year.  The present value is $100,000 so 100000 gets entered next which due to math rules for most calculators must have the sign changed by hitting the "+-" key and then entering it with the "PV" key for Present Value.  Then the only thing left to do is hit the "FV" key to determine Future Value in 6 years at 7% increase in value per year.  The answer you should get is $150,073.04.

Say you wanted to save up for a down payment by investing $3000 once each year (just $250 per month).  The interest on the CD account is 4.4%.  How much down payment will you have in 5 years?  Entering 5 in the "N", 4.4 in the "I/Yr", and 3000 in the "PMT" register (remember to change the sign), you get $16,379.37 that is saved up for the down payment.

To have the best tools available to you in buying or selling a home, give me a call and put my toolbox to work for you.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE 2-10 Home Warranty with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI Realtor®
Places for Rent or Lease http://www.kslease.com/
Rob's Blog at www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (three convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
300 Rockfence Place, Lawrence, KS  66049
1037 Vermont, Lawrence, KS  66044
3300 Clinton Parkway Ct., Lawrence, KS  66044
785-393-2274 (cell)   206-339-3199 (fax)
langrob@sunflower.com
http://www.letrobdoit.com/ for property searches
http://douglascountyopenhouses.com/
http://ihaveaddresses.com/

Thank you for visiting my blog, www.lawrence-kansas-homes-for-sale-real-estate.com is my website with free property searches of Lawrence, KS area Houses For Sale.

 

You can sign up for email alerts of homes within YOUR search criteria.  Be the FIRST to know when a listing hits the market!

 

Call, email, or text me with your search criteria (city or cities, minimum bedrooms and baths, is garage or basement required, and price range).

I will set up a self updating website that shows just your property matches and you can mark them "Favorite", "Possibility", or "Reject" for easier viewing.

 

You will love the advantage this gives you over other buyers for the same property!!

 

When you are ready, please feel free to ask me for more information on properties that interest you.  

I can find out how much the seller paid for the house and when, the county appraisal and the county building material quality.  

I can send you the seller disclosure, get plats, aerials, flood plain info, covenants, etc.  

I'm all about information to help you make the wisest decision you can.  

Please know I am here to help when you need me!

 

Do you have a house to sell?  

I have lots of listing options to choose from,

I am the ONLY local Realtor who lists on all 3 MLS's (Lawrence, Kansas City, and Topeka),

has a seller narrated video, has a virtual tour, and who lists your house on more than 10,000 websites.  

This means you will not receive better marketing anywhere else.  

I am also known as the toughest negotiator in the area for my clients.  

Let me show you how your house compares with other comparable houses "Active" on the MLS

right now and how long it should take to sell based on comparable SOLD's in the past year.

 

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"

Rob Lang
CRS, ABR, ePro, GRI, CFPS REALTOR®
At Home Kansas
CODE: 10724

785-393-2274
Fax : 206-339-3199
Web : http://www.AskRobLang.com

www.DouglasCountyOpenHouses.com for Seller Narrated Videos

Email : Info@AskRobLang.com

300 Rockfence Pl

Lawrence KS 66049
United States

Sellers www.MLSPlease.com 

(Marketing homes to 3 MLS's, to over 10,000 websites, seller narrated videos and virtual tours,

and a $1,495 full service listing side option to save home owners thousands of dollars when

they sell their home) 
Buyers: Property Searches www.AskRobLang.com 

Blog www.ActiveRob.com 

At Home Kansas (Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth,

Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)

This communication is provided to you for informational purposes only and should not be relied 

upon by you. At Home Kansas is not a mortgage lender and you should contact a mortgage lender

directly to learn more about specific mortgage loan products and your respective eligibility for such

mortgage loan products.

   

NOTE: This blog was written in the past about properties on the market at the time

of the blog being written and should not be considered as active listings beyond the

date of this blog.