Frank Plesko
Posts with tag 'cash buyers'
RSS Feed
18
What happened to our Real Estate Market in 2022? What's in store for 2023?
What happened to our "seller's market"? Is it now a "buyer's market"? Is this a good time to sell my home? These questions and more are answered in our latest article on the Orlando housing market:
That dreaded "I-word" (inflation) is the cause of everything we consume being more expensive, including housing. When the Federal Reserve started raising the 'federal funds rate' (the rate that banks use to borrow money from each other), that triggered all kinds of interest rate hikes, including mortgage rates. But inflation is largely to blame for higher mortgage rates. Lenders don't make the same level of profit on a loan in this inflationary market, because they know the majority of loans written in 2022 will be refina...
19
What are i-Buyers, and how do they compare with using a Realtor?
(article published 8/19/21: updated 4/14/22)
You've received the postcards in the mail, viewed the TV commercials, and have seen the billboards stating, "We'll buy your home for cash", or "Contact us today for a cash offer on your home". These investor-groups range from very large corporations, to smaller area investors. But they all have one thing in common. They will give you an offer on your home for less than it is worth, then turn around and sell it, making a tidy profit.
How do i-Buyers come up with their offers?
Many of these buyers use AVM (automated valuation models) to base their cash offers on your home. These AVMs can vary wildly, and Realtors generally deem them as an unreliable way to price your home. These companies will give you data to try and convin...
