Not long ago I read an article that was talking about commercial real estate investing and saying that the market is super tough right now. It basically said that everyone is defaulting on their commercial loans like crazy and banks are having to take them back at an amazingly high rate.
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.
So now if you have commercial real estate, that you have to get rid of, the pool of buyers has shrunk because you basically have to find cash buyers in order to sell anything right now.
Wholesaling single family homes has been hit hard to in some areas where financeing is tough.
will the lenders ever start lending again?
according to what I am hearing it may be years before they start lending again
anyway, it comes down to this question. How can I find cash buyers for my real estate?
Best way in my opinion is to not only use all of the traditional real estate tools, offline but also use online techniques to bring buyers to you.
The problem is that most commercial real estate owners quite frankly are not the young generation that came up with the internet at there finger tips. There are a lot of young owners, but still the majority by far are owned by the older generation who are not internet savvy.
so I guess the key is to find some one that has learned the skills of getting exposure for your real estate and hire them to help you find a buyer for your commercial real estate or find a buyer for your house. Either way if you find the right person with the marketing skills used on the internet today by hundreds of investors then it should help,
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.