{"id":38538,"date":"2023-04-11T10:53:46","date_gmt":"2023-04-11T14:53:46","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=38538"},"modified":"2023-04-11T10:53:46","modified_gmt":"2023-04-11T14:53:46","slug":"couple-creates-premier-homes-elite-realty-which-flips-houses-has-some-rental-units","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2023\/04\/couple-creates-premier-homes-elite-realty-which-flips-houses-has-some-rental-units\/","title":{"rendered":"Couple Creates \u2018Premier Homes Elite Realty\u2019 Which Flips Houses, Has Some Rental Units"},"content":{"rendered":"<figure id=\"attachment_38539\" aria-describedby=\"caption-attachment-38539\" style=\"width: 900px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38539\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2023\/04\/elite-realty-h.jpg\" alt=\"\" width=\"900\" height=\"619\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2023\/04\/elite-realty-h.jpg 900w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2023\/04\/elite-realty-h-300x206.jpg 300w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2023\/04\/elite-realty-h-768x528.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption id=\"caption-attachment-38539\" class=\"wp-caption-text\">Kyle and Chrystal Chadwick have ventured into the sales side of the real estate business with the creation of Premier Homes Elite Realty based in Stillwater.<br \/>Courtesy Premier Homes Elite Realty<\/figcaption><\/figure>\n<p>By Christine Graf<\/p>\n<p>After several years spent flipping houses and acquiring rental properties, Kyle and Chrystal Chadwick have ventured into the sales side of the real estate business.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Their real estate company, Premier Homes Elite Realty, opened its doors at 66 East St. in Stillwater at the end of March.<\/p>\n<p>\u201cWe started in real estate about three years ago with flipping houses and buying rental properties,\u201d said Kyle Chadwick. \u201cWe\u2019ve bought foreclosure properties\u2014properties that were in distress, properties that no one else wanted, and ones that were eyesores for the community. We renovate them and make them absolutely beautiful again.\u201d<\/p>\n<p>The Chadwicks also own eight rental units and have another five under contract. Their rental properties are located in Mechanicville, Cohoes, Gloversville and Troy.<\/p>\n<p>\u201cWe live in one of the properties we flipped in Mechanicville,\u201d he said. \u201cWe bought it from HUD, and it was an eyesore to the community. We renovated the entire building pretty much all the way down to studs and then brought it back up again.\u201d<\/p>\n<p><span class=\"\"><b><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span><\/b><\/span>In addition to flipping houses, Kyle works in the banking industry, and Chrystal is a biologist at General Electric. It was after people began reaching out to the couple for advice on purchasing real estate that they decided to open their own real estate brokerage company.<\/p>\n<p>\u201cPeople were reaching out to us before we were licensed. They were asking us to help them find a house or an investment property,\u201d said Chadwick. \u201cWe were having to refer them to someone else.\u201d<\/p>\n<p>Because of their experiencing with flipping houses and purchasing rental properties, the Chadwicks have a unique perspective to offer their customers. They are able to provide guidance regarding buying, selling, renovating, and investing in rental properties.<\/p>\n<p>According to Chadwick, inventory in the local real estate market continues to be low. Even though the increase in interest rates took a lot of buyers out of the market, demand continues to exceed supply.<\/p>\n<p>\u201cI think you are going to see a lot more listings coming on, and I expect it to shift to more of a balanced market. It may even go slightly towards a buyer\u2019s market.\u201d<\/p>\n<p>Chadwick said that the foreclosure market is becoming active again now that the state foreclosure moratorium has been lifted.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cForeclosures stopped during COVID, and there haven\u2019t been foreclosure on the market in quite a while, but they are starting to come back.\u201d<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>For more information, visit\u00a0 www.premierhomeseliterealty.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Christine Graf After several years spent flipping houses and acquiring rental properties, Kyle and Chrystal Chadwick have ventured into the sales side of the real estate business.\u00a0 Their real estate company, Premier Homes Elite Realty, opened its doors at 66 East St. in Stillwater at the end of March. \u201cWe started in real estate [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":38539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - 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