The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.

Higher DemandThe rental market is shifting.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.

I am convinced because listings sites pick markets they think make them more money to advertise.

We appreciate you giving us the opportunity to review your property.Best regards,"I replied back asking for more specifics, wondering if it is the Milwaukee market, the Wisconsin market, the multi-family market, or the property itself, and I got crickets....At the very least, I should get better customer service explaining why.

Look at their marketing strategy.

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

I recommend you discuss and plan this in depth with a local lender who knows your market well. 

Valdosta GA Market Update: Jan 2025Happy New Year!!