Realty411 Magazine A Spotlight on Charles and Lena Sells | Page 10
LINDA'S LETTER
Change is in the Air
Please Proceed with Caution.
By Linda Pliagas, Realty411 Magazine
I
see it all around me: For sale
listings are lingering longer,
price reductions are happening,
and some properties simply aren't
moving. The promised wave of
millennial buyers is still a mere
ripple. All the major news outlets
from the New York Times to
Realtor.com have recently touched
upon this sellertobuyer shift.
From the research I've done, this
newsworthy housing slowdown is
being caused by a combination of
factors, including: rising rates,
inflated prices, and the halt of
foreign investor dollars.
When he addressed the
audience at the 2018 GeekWire
Summit, Redfin CEO Glenn
Kelman said the housing market
slowdown could have a major
impact. According to an article
written by Nat Levy for GeekWire,
Kelman was quoted stating: "If
next spring the buyers don't come
back in force willing to pay those
prices, this is a change in the U.S.
economy."
This comment is especially
noteworthy considering Redfin,
as well as their other competitors,
have commenced to purchase and
sell properties for themselves.
While rates are still historically
low, prices for properties in areas
that are in demand and appreciating
continue to climb out of the reach
of many. It's important as an
investor to proceed with caution
and be especially diligent in your
quest to make money when you
BUY a property, not when you sell
it. That being said, investors need
to know when a deal is truly a deal.
Be aware of which markets are
appreciating, and which are
merely cashflow driven. Then
learn about the submarkets
within that market, pockets that
are in particular demand, which
may appreciate or provide even
more income than other less
popular areas.
Real estate is changing and
moving constantly. One of the
ways Realty411 readers can keep
up is to sign up to our Realty411
Daily newsletter. This free service
will give you the top highlights of
the day that our staff has chosen to
help guide our readers through this
challenging maze towards real
estate profit.
For information about our
daily enewsletter service or for
links to visit at your leisure, visit
Realty411.com/daily
Don't let the tone of this letter
dismay you from your goals of
starting and expanding your
portfolios because deals are always
around us! I'm merely trying to
keep our readers conservative,
especially our California and New
Yorkbased investors who may feel
like a kid in a candy store when
10
Linda Pliagas, Publisher
they go on propertyshopping
sprees around the nation.
With that being said, be sure you
see the properties you purchase
before buying them, PLEASE.
Deal with licensed and reputable
companies who have a history in
the business, an honest history.
You can call us anytime for a
referral @ 805.693.1497.
We do not profit from the
referrals made, we simply want to
provide our readers with contacts
to reputable companies that we've
done business with. It is for this
reason that we have so many
events around the nation because
we want our readers to actually
network with the folks we know.
Quite frankly, we realize that
meeting in person, is the best way
for business to get done.
Thank you for being a Realty411
reader, I encourage you to call us
anytime when we can be of service
to you!
Best regards,
Linda Pliagas, Publisher
Realty411.com