The COVID-19 global pandemic has rattled every industry on the planet and has shaken investment markets. Through all of the chaos, one market class seems to be an outlier: real estate.
Seasoned real estate investors are actually the chaos of this global pandemic to make some moves when it comes to their portfolios, and many are reaping the benefits. If you’re looking for industry guidance, Hard Money Bankers understands why.
This company provides quick and easy hard money loans for real estate investors, allowing them to invest in properties. Now, Hard Money Bankers is divulging some of their insider knowledge and trade secrets and sharing outlooks for real estate markets.
It’s definitely a sellers’ market
Despite the uncertainties of the market, sales have actually risen, and continued to rise. This tells us that people are looking for properties, and willing to jump on them.
This may be due to that uncertainty of the pandemic, and more people are looking to strike while the iron is hot. Buying did slow down during the initial few months of the pandemic, but it seems to now be making a recovery, and Hard Money Bankers expects that trend to continue.
That being said, supply is down
Because of the turbulence of the coronavirus pandemic, some properties have sat on the market with no interested buyers, while others are being pulled off the market by their owners, who don’t want to undervalue their property. But there is optimistic news on that front, as it appears there is improvement to the supply.
Mortgage rates are fueling the trends
Mortgage rates have been hovering around historic lows for months, due to the economic impacts of COVID-19. This is interesting for real estate investments, because it could encourage homeowners to put their properties on the market, since then can apply for a new loan at an enticing rate.
In the long run, people who are taking out traditional mortgages can save thousands of dollars or more over the life of their loan. Aside from low mortgage rates, there are also less competition for flippers. If you want to venture into house flipping, Hard Money Bankers can help you get started.
Lots of increased interest in investment properties
There is definitely a major uptick in the interest in investment properties, according to Hard Money Bankers. First of all, there are more foreclosed properties on the market, and more sellers who are looking to get rid of their properties as quickly as possible. Real estate investors have adapted during unprecedented times and this means that investors are likely to find excellent deals during this time.
It’s important to note that even though there are excellent deals around, they definitely don’t sit around for long. That’s why Hard Money Bankers is keeping a careful eye on properties and looking to help investors in a pinch.
About Hard Money Bankers
Hard Money Bankers makes the lending process easy. When you find an excellent investment property at a steal, you need to be able to finance that investment as quickly as possible. Hard money loans are an excellent financing option for investments such as these. Contact our Maryland, Virginia and Washington DC office today!
Featured image used by permission from Hard Money Bankers