Realtors are going in the field and farming like they used to. They are contacting home owners even before they even think about selling. They are calling, driving and sending mail. They have lots of “pocket listings” this way- people who are considering selling. They don’t wait until the home owner is ready to sell. It’s too late then.
This is what real estate investors should be doing in a hot sellers market. If you wait until it is listed, lots of luck. You will be outbid by a cash buyer who does not care about comps.
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There are several rules that you might now be aware of that have contributed to my success and I think they will do the same for yours. These apply to real estate and also to all areas of your life,
Read more on Rules for success…
Realtors report that attendance at open houses is way up even in winter months. In addition, requests for pre approval letters from mortgage brokers is up. Website traffic to real estate sites is up. People are assured that the worst is over for the housing market so they are looking to buy.Caldwell banker reports that traffic to its listings was up 38% from last year at this time. Fannie Mae reports that the highest share of consumers expect prices to rise soon. (guess what- they already have)
Maybe now that the prices are up, more people are not underwater and will list their homes for sale. Let’s hope the hedge funds dont go after those also.
Read more on Expect hot markets to continue…
This is more proof that this is the best time to invest.
Rising rents mean you should:
1. Buy and hold for cash flow
2. Buy and rehab and sell to new homeowners who know they can own cheaper than rent
Read more on Realtors report rising rents…