This is what investors should be doing

Real estate agent Ryan Mathys points out a view.

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.

Read the story.


Expect hot markets to continue

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.

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