by Dan Del Real
There've been many times in my life where I wasn't sure what was going to happen next. One morning last month I was grabbing a coffee at Starbucks and noticed ash was falling from the sky, the sun was red and the sky was filled with smoke.
There's a global pandemic, protests and riots across America and California is literally on fire. There were Fire Tornados. Fire Tornados. Was this the end of the world?
The problem is it feels like the end of the world. To say 2020 is filled with challenges is an understatement. And it feels like all the challenges are happening all at the same time. You can hear something on the news, jump on social media or talk to someone you know and quickly feel overwhelmed or upset.
With all the craziness going on this year, how do you make sense of the commercial real estate market?
with Patricia Lynn, CCIM
In this FREE Q & A Training you’ll get a glimpse into how to strategically apply the CCIM Interest-based Negotiations Model to your most challenging business or personal transactions so you can have clarity and negotiate with confidence.
with Helen Chong, CCIM
Getting started with multifamily investment property can seem overwhelming. But it doesn’t have to be.
With our upcoming coaching call, you can learn about the critical skills and game-changing strategies needed to help you start closing lucrative multifamily deals.
with Dr. Lawrence Souza, CCIM
Selling real estate can dramatically impact your time, money and tax liability.
You can now watch the replay of our Monthly Zoom Coaching Call, "Real Estate Exit & Alternative Strategies," with Dr. Lawrence Souza as we explore real estate strategies to help you win at real estate.
What You'll Learn:
by Dan Del Real
Mike Tyson is famously quoted as saying, "Everyone has a plan until they get punched in the mouth."
When 2020 started, no one predicted that a global pandemic would keep people home and pump the brakes on the world's economy.
The California Shelter in Place Executive Order, which called for all people to stay home in order to protect the health and well-being of all Californians, went into effect on March 19th, 2020.
At the time I had a listing scheduled to close escrow in 2-weeks but the buyer wasn't able to perform so we fell out of escrow and went back to market on March 23rd - right in the middle of the Coronavirus pandemic.
I thought to myself, "How am I going to sell real estate when people are being told not to leave their home? Is it possible?"
I had just been punched in the mouth. My head was spinning as I tried to make sense of the uncertainty.
by Dan Del Real
In a recent interview with Business Insider, personal finance expert Suze Orman stated, "I would absolutely wait until September, October, November of this year, before I bought a home."
Her logic is that it's prudent to wait and see how neighborhoods are impacted, foreclosures could cut the prices of home values in half and low interest rates are here for a while. You don't want to rush in and buy while home prices are high if they're going to crash in the next couple of months.
The problem with that logic is there's a lot of other factors that were missed in her analysis of the market.
To better understand where the real estate market is going you have to explore those additional factors. Keep reading below to learn 4 reasons why real estate values aren't going down anytime soon.