Is The Real Estate Market Still Strong?! | ADHI Schools

Is the real estate market still strong?!

Published by Kartik Subramaniam

Reading Time : 1 minutes

For sale sign in front of white and brown bungalow house

As some of you may know, I don't just teach the real estate courses. I am a real estate broker that has actively bought/sold/represented over the last 6+ years. The president of a large real estate company called me up about 6 weeks ago with the following situation:

"I have access to an REO portfolio with the opportunity to buy properties directly from asset managers. I need to know what price I should pay to make money and insulate myself from further market fluctuations."

He gave me a list of properties and asked for my opinion on pricing. I told him what I thought and he ended up buying one of the properties at the recommended price and I relisted it for him. The property ended up selling within two days for almost full price!

I went there today to see if the utilities were on and I found fifteen cards there from real estate agents! FIFTEEN people came and saw the property either with their buyers or previewed them for their buyer.

It is in escrow now for 98% of list price and the buyer is putting 50% down!

There is hope yet!

Enjoy what you read?

Sign up for our newsletter and get weekly updates on our latest articles

Real estate market analysis

5 Housing Market Trends to Watch in 2022

The U.S. real estate market changed significantly during 2020 and 2021 during the COVID-19 pandemic. The most obvious change


Real estate market analysis

Will California’s Home Prices Continue to Rise?

The California housing market stayed blue-hot through 2021, leaving many potential home buyers waiting in the wings. Whether


Real estate market analysis

Buying a house?! Be warned - Wire fraud is on the rise!

Hi all: I wanted to give my readers a bit of a public service announcement with this article. Recently, 74