Recently I learned that commercial lenders are having to take back a surprisingly high number of buildings because the default rate for commercial real estate has jumped tremendously high.
I know why this has happened because the same thing has happened to me in my wholesaling business. The number of real estate buyers has shrunk because it is harder to find financeing. In short you are looking for cash buyers so it is kind of like going from fishing in a stocked pond to fishing it a huge lake. You really don’t know where to start fishing.
If you want to sell anything right now you have to find cash buyers for your real estate deals, so that means you are fishing in a huge pond with very few fish and on top of that the cash buyers (fish) are not all that hungry right now because they are sitting back trying to see what is going to happen in this market
Wholesaling single family homes has been hit hard to in some areas where financeing is tough.
when will the lenders start lending money again?
Hopefully they will start but honestly it may be awhile.
How do I find buyers for my real estate? That is the question you have to ask yourself
Online marketing is the best way by far to gain the exposure that you need in order to find buyers for you real estate
The older generation, who happens still own the majority of commercial real estate must join with the new generation internet savvy kids and combine the wisdom and the technology to create a real estate selling machine online.
The key is finding the right person or the right information on how to find buyers on the internet.
You know it can’t hurt when trying to sell something with such a large price tag in this economy where financeing is tough and you are looking for the cash buyers.