Foreclosures Are at All Time Highs! House Prices Are Crashing! No More Zero Down Loans! No Doubt you’ve seen these headlines and many like them. It seems like there is nothing but increasingly bad news on a daily basis about the real estate market. But one difference that tells the prospering real estate investor, the real estate “heavyweight”, from the small timer is his ability to stop looking at the market as a passive observer and start understanding where the new opportunities are. And let me tell you, there are numerous opportunities in this new real estate bubble!
“But,” disbelieveers say “the real estate bubble burst already!” Yes, values peaked out and then fell, lenders are getting tight with loans and the availability of pre approved buyers has shrunk. You’re correct, THAT bubble HAS burst. But like the fabled phoenix from the fire a NEW world of real estate has been produced, and it’s filled with new possibilities if you know how to look for them!
So where is the opportunity in the current market?
Well, think about what the state of affairs looks like. On one side, sellers are seeing their house values cliff diving while at the same time they are trying to compete in a market that is already full with empty houses. On the other side, buyers are learning that the old times of no down payment mortgages and irresponsible application processes are gone, FOREVER. In a nut shell, sellers can’t sell, and buyers can’t buy.
That’s where you inject yourself into the mix; the real estate investor! With the current market full with houses for sale, you are in a much better position to negotiate with the seller to buy or take over existing mortgage payments. With the banks not handing out money as readily, you then have a vast pool of eager buyers who have a down payment, can make the monthly obligations, but just can’t get a loan. This is the perfect position for the investor who know how to provide and structure creative seller financing.
This volitile market is providing investors an opportunity that doesn’t come along often. The timid doom and gloomers, the investors who won’t think “outside the box” will let this opportunity pass by. But the real estate heavyweight will be fast to grab this opportunity and grow quickly. The key to taking advantage of this opportunity is to always keep broadening your learning and know how to modify your business to adjust to the changing market.
