Judging by the phone calls I am receiving and the clients I work with, this new real estate market definitely has its upside: better real estate investors. The buyers I am working with now seem to be patient, cautious, and know more about buying real estate than.... well, me. And no, that does not bother me. I am an expert in getting them the house they want, knowing the red flags, warning them of potential concerns that can get bigger later, but I have not spent twenty years investing in real estate and frankly when I meet someone like that, I am learning as much as I am sharing my knowledge.
It's a deadly combination and I'm beginning to see more of it lately in this Sacramento market.
The best part? I don't get phone calls from people that have watched a show of Property Ladder and decided to flip. I don't have messages from neighbors of REOs who want to mow the lawn and put a lien on the house (yes, it actually happened!) and I don't wonder or worry about liability issues from people who want to invest risk-free. In other words, I'm not the only expert out there when I'm out with a client.
How refreshing!
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This could be good or bad but either way it is going to continue.