Tag: financial distress

Understanding Fire Sales in Residential Real Estate

Posted on March 20, 2024March 20, 2024 by brkseven

Understanding Fire Sales in Residential Real Estate When it comes to the world of residential real estate, the term “fire sale” refers to a situation where a property is sold….

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Marco of Proxima Investors @proximainvest ·

27 Nov

Existing Home Sellers Face Stiff Competition from New Construction
As the #housingmarket shifts, existing #homesellers are encountering fierce competition from #newconstruction builders. With #mortgagerates around 7%, many potential #homebuyers are hesitant, prompting builders to…

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Marco of Proxima Investors @proximainvest ·

27 Nov

#MortgageRates are still high, but #HomeBuilders can offer incentives that dampen the effect of the #HighRate/#HighMortgagePayment shock shock; #existinghome sellers have to compete with brand #NewHomes; more new builds are coming to market as projects complete, even if build…

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Marco of Proxima Investors @proximainvest ·

27 Nov

Lots coming on as more projects are completed in a market that is not absorbing as well as when the projects started.
Very good marketing is needed to get these to move in such a competitive environment.
Keep 360 degree flexibility in mind...

#realestatemarket #newconstruction…

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Marco of Proxima Investors @proximainvest ·

26 Nov

SELLING YOUR HOME IN A BUYERS MARKET:

Navigating a Buyer’s Market: The Importance of Flexibility

In a buyer's market, homeowners must adapt their selling strategies to effectively market their properties. Flexibility is essential for attracting buyers and facilitating…

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Marco of Proxima Investors @proximainvest ·

25 Nov

PENNSYLVANIA REAL ESTATE:

Despite the apparent stubborness in hitting the 330k, after giving up on the initial 374k, this #homeseller had to capitulate and sell for #300k.

Who knows the details, but it supports the theory of a significant adjustment in #ResidentialRealEstate…

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Marco of Proxima Investors @proximainvest ·

22 Nov

Banks don't like #SellerFinancing.

All that interest that they could collect goes back to home buyers and sellers.

And right now, with 7% #mortgagerates, that's a lot...

But if someone struggles to qualify, it's an even better deal:

A) Lower rate than they would get, IF they…

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Marco of Proxima Investors @proximainvest ·

22 Nov

HOME SELLING CHALLENGES:

Understanding the current state of the #housingmarket is crucial, especially for those concerned about why #homesforsale may not be moving as expected. A recent survey sheds light on potential factors influencing this trend, particularly the impact of…

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