Ready For The Buyers Market

[Leland French]

Well It's happening. What most of us have been anticipating for at least two years. The RE market has softened with the rise in interest rates and the coming midterms. "What's going to happen"? is what most people are thinking and so they are sitting tight. I just finished divesting in CA RE in February. It was a good time to get out! Prices were inflated and being a landlord here is scary anymore. So I'm looking for a new place to invest in a combination of RE and business and I believe God will lead me to the right opportunities. That's part of the blessing of honoring Him with a large slice of what my company makes. He leads me to great opportunities! I'm open to suggestions of where those tax and business friendly opportunities might be. Please share your success stories of investing in other states and also warnings of some of the horrors of other places like the direction CA and other states are headed in!

[Lucia Rushton]

Quote from @Leland French:

Well It's happening. What most of us have been anticipating for at least two years. The RE market has softened with the rise in interest rates and the coming midterms. "What's going to happen"? is what most people are thinking and so they are sitting tight. I just finished divesting in CA RE in February. It was a good time to get out! Prices were inflated and being a landlord here is scary anymore. So I'm looking for a new place to invest in a combination of RE and business and I believe God will lead me to the right opportunities. That's part of the blessing of honoring Him with a large slice of what my company makes. He leads me to great opportunities! I'm open to suggestions of where those tax and business friendly opportunities might be. Please share your success stories of investing in other states and also warnings of some of the horrors of other places like the direction CA and other states are headed in!

 In my professional opinion we are not in a Buyer's market, at least not in Dallas - Fort Worth and I think most of Texas. We are still siting at less than 1 1/2 months on inventory and to be a neutral market we need to see 4 months of inventory minimum and a buyer's market at least 6 months of inventory so we are a long ways away. However, there is room to negotiate if you work with a strong Realtor with experience and finesse.  Just my two cents.