The housing market is finally giving buyers a break. Home prices aren’t crashing, but many of them are dropping, or stagnating, as homes sit on the market and seller confidence drops, buyer control rises, and economic sentiment remains low. Americans aren’t feeling good about the economy, but this makes buying a home even better: lower mortgage rates, the ability to get seller concessions, and longer negotiation times put buyers in the driver’s seat. So, how should you take advantage?
Dave brought the entire expert investing panel from the On the Market podcast to the show to share what they’re buying, what they’re selling, and how they’re investing during this new buyer’s market.
Not every market in the US is experiencing a buyer’s market, but if you’re in one of the many major metros that is, we’re sharing how to take advantage of it. Fear means opportunity, and the opportunity is here. If you’re buying rentals, how does this affect your cash flow? If you’re flipping homes, when should you start dropping prices before your listing gets too stale? These investors are buying, selling, and managing rentals in THIS market and giving tips on the best moves to make.
In This Episode We Cover
Why the housing market is flipping back to a buyer’s market after years of aggressive competition
Asking for seller concessions and how to get a discount on your next deal
Why experts are loading up on properties that are priced right before the buyer demand returns
When it’s okay to break even on a rental property’s cash flow (and when it’s NOT)
Local data to look at now to see if you have more control as a buyer or a seller
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1104
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