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In My Opinion: Crisis. What Crisis?

By
Real Estate Broker/Owner with DeFranco Real Estate Corp.

IN MY OPINION:  Crisis.  What Crisis?

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How's the Market? It's a Fair Market and that's good for all! - by Carl F. DeFranco

Things are shapin' up in good ol Buffalo (and Niagara Falls).

From Youngstown to Springville the real estate market is healthy. We are in what I like to call a fair market. Not necessarily a sellers market as in the recent past, and not exactly a buyers market because the prices are indeed higher than they have ever been, but a fair market. I would venture to say that a buyer and seller in the present market are pretty much exchanging a dollar's worth of real estate for a dollar.

It seems that we are in harmony with the real estate & mortgage universe.

With harmony comes reward. All of this warm and fuzzy makes developers large and small more confident. We are more likely to hear reports of developers, and buyers in general, relying on the ability of their projects to attract private investors rather than public programs. Private mortgage money products are being called on (at least in our office) frequently to act as orchestra or bridge funding.

I spoke to a savvy commercial real estate investor who chooses to use hard money as his main property acquisition tool. He states that he can be more confident in his negotiations and strike a more seller friendly deal by his use of hard money as purchase money. Wise indeed! What can all this mean to you?

Safer and more profitable mortgage investments. It's all about the investors. The folks who put up the cash. If it's good for them it's good for everyone.

And right now, it's good for everybody. .

Carl DeFranco

 

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