This is a great time for the wise investor to take advantage of some of the great deals that are available out in the Wilkes-Barre, PA real estate market. Our area is teeming with older homes that are coming on the market in droves at incredibly low prices. For investment groups like Real Estate Riches and others, it's like throwing chum into the shark infested waters. As soon as one of these morsels is thrown into the water, the investors are churning in their offers hoping to be the fortunate bidder to come away with the prize. No, this market isn't one for the meek. It'll take quick, decisive action to survive in these blood-filled waters.
I've seen the whole gambit of investment strategies with these investors. There are the low-ballers, who throw a lot of paper at a lot of sellers, hoping to catch the right one at the right time to close the deal. These guys aren't the most successful with their strategy, but they're busy and I guess that makes them feel like they are accomplishing something. They'll be on an infomercial soon, talking about how they bought their last property for pennies on the dollar. If they don't run out of energy (and Realtors who want to spend a lot of time writing offers for them) and they can take the continual rejection, they'll find some level of success.
There are the patient ones who, like a trap-door spider hang out and wait for the right property to come along. Then, like a lightning bolt, they flash out with their fullpricecloseinthreeweekswithcashandforgettheinspectionsplease offer and move on to closing and a rehab. This is very likely the Realtors favorite kind of investor. They don't come around often and they sure won't pay the bills, but they're a sure shot and we love to get that call.
And we can't forget the slow and steady, patient investor who will make sure those numbers are dead on before making their offer. They have the whole transaction calculated to the dime before the offer is put in. These are the ones I really hope get the nod, but it's a battle these days. The good thing is that these investors don't get emotionally involved with the property. It is just business after all. The offer wasn't accepted? No problem, let's move on. They are the ones who will be retiring when they plan to, with their investments paying the bills.
Whatever the case may be, I am just happy to be a part of the process. I thank God every day that I am a Realtor and can actually pay the bills by helping others fulfill their Real Estate dreams in Wilkes-Barre, PA. It's helpful that I also own a Property Management Company, so I can help those investors manage their properties, should they decide to hold and rent them.
If you are an investor, hoping to invest in the Wilkes-Barre market, get in touch with me today. I can help. If you know of someone who wants to start investing in the area, send them my way as well.
My name is Andrew Trevino. I am a Realtor, working in the Wilkes-Barre, PA area, and I'm affiliated with TradeMark Realtors Group. Thanks for investing your time in reading my blog. If you're interested in contacting me, please visit my website at http://www.wilkesbarrehomesales.com/  |