We''ve all heard the old saying "When the going gets tough, the tough get going." But I thought the recent changes in the Real Estate market have added a new twist to that saying. I think the Builders and Agents that are not only surviving but also thriving are doing so by being CREATIVE if necessary.
I recently read a blog by Dawn Rickabaugh about Owner Carry sales, where the owner acts like the bank, in hopes of attracting buyers that may not be able to qualify otherwise.
Another trend I've noticed on the rise is Trading which was addressed by Ron Pickett in his blog. In a trade, two individuals that both want to sell, but are having difficulty doing so, can trade properties either straight across, or as partial payment. This is especially attractive to builders, who want to continue to build homes. If they can trade for building lots or smaller homes that would make good rental properties, they are happy. Sometimes trades are also welcome because people are just tired of the same old problems. They realize that the property they are trading for may not be perfect, but they are happy to be moving onto something else.
The Agents and Builders that thrive in this market will do so by being hardworking and creative!
What CREATIVE ideas do you have for moving property?