As nowadays interest rates rise and the number of new buyers searching for properties begin to increase, the supplies added to the real market situation is can be good or bad news to the investors and owners. Some people might get profit while some people lose more than they ever expected.
In the coming months, I predict we can see the increase of people dumping real estate which they can’t afford. They will be forced to sell the properties due to the negative cash flow. Remember that if you can’t make yourself as a predator, you have the possibility to be eaten. Some people lost at the middle of the journey and they can’t make it again.
But do remember that losers not always lose – except they stop trying.
Some people say the current real estate market is poor. I do not agree with this – we have a large market today. The poor thing is how the responsible people/party deal with the situation and involved properties thus makes the market looks poor on the surface although there is still lot of empty space to be filled.
You have no time to warm yourselves where you have to make decisions into account. You should immediately have the money. Sellers might act a little more humble so you must know how to deal. Negotiate better and make a better offer – you have to keep that in mind.
In order to win and losing less, you have to be familiar with the situation. Make your research.
- What is the average age of homeowners in the area?
- What is the occupation types in the area?
- How is the adequacy of infrastructure/utilities in the area?
- How is the crime level in the area?
- Is there any government policy in the area for current/future?
So the trick is to keep your eye on your target in the market. Keep you eye open and updated to the real estat investment trends. Speak with local agent. Try to deal with flippers – scout, dealer or retailer. Find your friends and always make yourself know what is the deal in the area.
In order to win, you have to lose less. But remember that winner not always win. You might lose sometimes but make it less and you’ll win.