Home Sales Tumble, But There’s Hope for a TurnaroundApril 18, 2024Being a Real Estate ProfessionalBy: Melissa Dittmann TraceyShareShareConsumer sentiment for home buying and selling is growing despite recent headwinds.© lerbank - iStock/Getty Images PlusThe spring housing market is off to a sluggish start, with home sales falling in March.

Son and daughter would like to grow his real estate portfolio and manage all aspects without having to have fathers signature for every move.

.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

If all those are growing and in the right direction, you're actually hoping over time the property becomes even less intrinsic to buy so the earlier you get it(assuming price moves up over time) the better. 

@John Fider - Did you ever receive anything in response to this?

If you ever need anything or have questions, feel free to reach out.

They like to get the highest pref possible and equity multiple potential because income is not that high to grow liquid and net worth so they want it working to the max.

I would go with a company who has multiple properties under management (ideally over 500 to really get the benefits a scale, think cheaper maintenance visits, experience placing tenants, lots of investor experience, ability to find deals within the brokerage, massive marketing channels for properties, systems in place to handle problems, experience handling a massive amount of problems, discounts for bringing multiple properties to manage).Also, make sure your property manager is motivated, experienced, and growing! 

There are more on the market right now than I have ever seen in the last 6 years.  

Even shadow lenders, with a growing market share, are poised to seize new opportunities.Embracing the FutureInstitutional investors, including pension funds and sovereign wealth funds, are reawakening their interest in CRE.