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Henry:
I think people who have been in this space for a few years at least, probably need to adjust their expectations because there’s still a divide between what buyers think the market is doing and what sellers think the market is doing. So sellers are still wanting prices that maybe aren’t relevant yet in a lot of cases. And so if you’ve been in the game for a while, I think you need to adjust your expectations, meaning you can still get deals at prices that you want, but the amount of offers that you have to make in order to get a deal has increased than it was a few years ago. So if you’re used to making 10 offers and getting two yeses, that’s probably not the case anymore. You may have to make 20 to 30 offers to get two yeses. So volume has increased, and if you’re new and you haven’t been in the game, that’s good because you’re now setting your baseline with what the market conditions are now. But it also should give you an idea of how much time or effort it’s going to take you to get a deal. And so as you’re picking your strategy, you just need to understand what’s the volume of offers I need to make and then how much time or money is it going to cost me to make those offers? Now, there are some factors because of this market that are playing in investors’ favors and that that there’s an increase in inventory, which means there’s more opportunities to buy properties. There’s more sellers that want to sell
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