IN MY OPINION:
How's the Market? It's a
Fair Market and that's
good for all! - by Carl
F. DeFranco
Things are shapin’ up in good ol Buffalo (and Niagara Falls).
From Youngstown to Springville
the real estate market
is healthy. We are in what
I like to call a fair market. Not necessarily
a sellers market as in
the recent past, and not
exactly a buyers market
because the prices are
indeed higher than they
have ever been,
but a fair market. I would
venture to say that a buyer
and seller in the present
market are pretty much exchanging a dollar’s
worth of real estate for a dollar. It seems that we are in harmony with the real estate & mortgage
universe.
With harmony
comes reward. All of this
warm and fuzzy makes developers
large and small more confident.
We are more likely to hear
reports of developers,
and buyers in general,
relying on the ability
of their projects to attract
private investors rather
than public programs. Private
mortgage money products
are being called on (at
least in our office) frequently
to act as orchestra or bridge
funding.
I spoke to a savvy
commercial real estate
investor who chooses to
use hard money as his main
property acquisition tool.
He states that he can be
more confident in his negotiations
and strike a more seller
friendly deal by his use
of hard money as purchase
money. Wise indeed! What
can all this mean to you?
Safer and more profitable
mortgage investments. It’s
all about the investors.
The folks who put up the
cash. If it’s good for
them it’s good for everyone.
And right now, it’s
good for everybody. .
Carl DeFranco
