Although Halloween is quickly approaching, there is no reason investing in real estate in October of 2022 should be spooky in any way. So don’t run and hide or slink into the shadows. The real estate game can be all treats and no tricks if you approach with strategy!
While it may seem impossible to keep track of these constant changes, there are a few things real estate investors can keep in mind going into the month to better navigate the market having an idea of what to expect:
The buying race might be slowing down
While the second half of 2021 was characterized by an incredible level of demand from buyers (derived from lower mortgage rates), it is possible to see a decrease in said demand in October of 2022.This can be contributed to the normalization of the market, and result in more options for those looking to invest in real estate due to the reduced competition.
Knowing when to let go
A return to a more stable market does not mean buying interest will stop altogether. Many potential buyers are still finding their footing in a post-pandemic world. Because of this, it is important for real estate investors to be prepared and jump at opportunities that present themselves to sell their properties (as long as it is under desirable conditions) even in cases where they hoped to keep the property for a longer term.
“If you’ve meticulously planned the direction of your investments over the next five or 10 years, don’t let that plan keep you from profiting in an unexpected way” states David Crown, CEO and Founder of L.A. Property Management Group and Crown Commercial Property Management as he writes for Forbes.
A Market Snapshot
Going into October, real estate investors should remember that the market will continue to undergo major changes. A decrease in interest from buyers will result in more options for those interested in making purchases (although these may imply higher mortgage/interest rates).
Finally, said change does not necessarily mean investors will struggle to sell their properties, but rather that the market is returning to a more stable state. Because of this, investors should be prepared to sell at the right price to prevent missing out on potentially large profits.
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A LAUGH OR TWO FOR GOOD MEASURE
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WHY INVEST IN REAL ESTATE?
A real asset is a tangible investment that has an intrinsic value due to its substance and physical properties. Commodities, real estate, equipment, and natural resources are all types of real assets. … Real assets tend to be more stable but less liquid than financial assets.
About Jacky Fils
Who am I? I am a Real Estate Investor & Entrepreneur who happens to be a physician. I have chosen this path after understanding very well the in’s & out’s of above-average return on investment (ROI), backed by a solid asset, Real Estate. I have been actively investing in real estate in the western Massachusetts area for a number of years. My mission is to provide quality housing for quality tenants, while at the same time providing an above-average return on investment (R.O.I) for our investor partners. It is truly a win-win-win way of investing!
Jacky offers his investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact Jacky.