The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-11-11
REAL ESTATE MEN CHEERFUL.
BUSINESS GOOD AND THE OUTLOOK
FOR THE SEASON BRIGHT.


chief Demand at Present ~ for In
xestmens Property and Many Sales
Are BeinG Made-The Result OF the
Election Has Given Confidence ana
IA. Also Made Money Easier,
which Tends 60 More Buying ana
B.tter PrIces-InveStOrs Now WILL
Ting TO Accept Smaller Incomes
- Their investments Than I'm
Former Years.
vytrs there IS no boom on. and while
she Conditions are not attributed 10 che
result Of the recent election. real estate
,,en In savannah are generally agreed
,ha, there Is very satisfactory demand
,or reality. The demand at present Is
-hieev for investment property. though
.ome sales OF building lots are made oe-
,as,anaiy. This Is usually tho case At
his season OF the year however. the de-
msnd for building lots being chiefly in
she f9ring aud summer months.
There IL a very healthy demand just
,ov said Mr.. T. r. Youmans Of You
,Bans 4 Demmond. I'VE have made sew
raj sales OF houses and bots this week and
nave others In prospect which We expect
% close al early dates You will observe
hat the records Of transfers OF property
AZ the Court House are more numerous
,han for some time past. The demand Is
chiefly far investment property and is evil
dsnce that a good many people have
money which they are willing 90 invest in
such property. A good deal OF the prop
eytv now Offering has been IN tho hands
Of AGENTS for some time and is now being
worked Of
'Vhue th, result OF the election has not
had any marked effect upon our business.
a. has had che effect CT establishing con-
ndence ln the stability Of values and tends
90 reassure both the investor and the
property holder As an instance 10 point
we have a piece OF property which We
have been Offering for some time at ti5.o0o
We recently found party who was WILL
ing 70 take the property at this figure
but the owner notified Us that he was no
longer willing TO sell az the figure named
The would-he purchaser now offers an
advance OF 500 over the former price. but
the owner IS still IN DOUBT as to whether
ne shall sell. We have had more Inquiries
for real estate In the last week than we
n
mudh greater than at the same time a
year ago"
other real estate agents confirmed Mr.
Yournan's statements. There Is a very
good demand for Investment property"
said Mr.. John l. Archer. "and some good
sales are being made. The election will
have a good effect because OF the fact
that % VIII make money easier ana pur-
chasers will thus be enabled 90 arrange for
a
have been the case otherwise. Very few
sales OF property are made now without
loan bcing at once obtained upon the
property by The purchaser. II makes CON
siderable difference TO the purchaser
whether he Is able TO obtain a loan OF IS
% % per cent. Of the value Of the prop
srty. or whether ne can only obtain Is to
% per cenf. Of the value. Easy money
helps the real estate market"
Another reason Tor the activity In In
vestment property" said Mr. Archer. "is
mat investors are now willing to accept
lower percentage upon their investments
than was the case some years ago. For
merry an investor was not satisfied IN
less he could calculate upon an income OF
Y 20 % per cent. upon his investment.
Now investors are satisfied 20 be assured
@, anywhere from 10 y per cent. This
practically amounts to q higher estimate
tPH va" Nniua OF the properly, though
ms j. offset somewhat b. lower rents
81 me quarters"
W. c. II Dorset. who Is we'll known as
hrge handler OF real estate. said that
= considered tho outlook for business in
h line very satisfactory. While the de-
ard for building lots Is not active at
resent. there r. considera bic money seek
II = Investment IA real estate and there
81 20 difficulty in finding purchasers for
tflrabie investment property.
Ar ". j. Aiscaliy. Jr.. gave the same
HFerience as The others real estate has
20 been exactly Lively" said he, and
~ my business last month was the best
a long time. Investment property OF
u tenement class Is IN demand. especial
81 - some large estates are seeking re-
81 atestments Of funds. There Is a feeling
confidence and the outlook Is that with
y roney seeking investment real estate
n "a IS viii rot only hold their own but
n ta' there viii be some advance"
* me general tenor Of the situation evil
a1ty Is that Savannah property. whether
approved or unimproved. IS a good In
'esifnent. ana that the people who put
te.r money in such property have about
Sslre an asset and rs reliable income as
An well be found outside Of government
londs and other securities which pay only
4 low rate Of interest