If you’re a Buyer – how about a condo? I’m having lots of conversations with investors and with interest-only loans (which may be short lived) and reserves on hand, rates are still at 3.875% or better for 2nd or 3rd investment properties. For your 4th property, we run into issues but that’s a deeper conversation and more to strategically maneuver, but doable with the right lender.

Single Family Homes on the ‘buy side’ is case by case, but again it’s about condition as well as housing supply. Best practice now with COVID is that you be fully underwritten for a loan if you’re not all cash: 1) my client’s health is paramount and entering properties is still a risky proposition, 2) it’s competitive and preparedness is key. Just closed escrow an off-market home this week and my client is thrilled as the team and I are for him. He was fully underwritten and the rest of the hurdles we navigated through successfully.

Noted below are some solid data points for 2020.  I run a bigger geography than most, so my team and I are ahead of the data on real estate pricing and values.  If you’re thinking of transitioning, please speak to me first on formulating a plan best suited for your needs; it’s never a one-size-fits-all model as there are always many variables for consideration.  It’s my pleasure to give you a lay of the land.  

Location matters. Condition matters. Opportunity is case by case and every tier and every price point and geography all are moving differently.  Enjoy the data and remember, there’s reality and then there are outliers (and I love the outliers!)

Call me – happy to discuss further!

Breathe and go for a walk!  It’s good for you! 

~Carol R & The Team