It’s a confusing real estate market right now for the uninitiated. The problem is that cash investors are out in force but the available inventory is down. We keep reading that there will be another wave of inventory coming but the banks seem to be holding out on us. The properties that do come on the market that work for the cash real estate investor are being snapped up pretty quickly.
We keep finding ourselves in multiple bid situations on many occasions and a step too late on others. The properties that get passed over sit for so long because the banks are living in a fantasy world as to value that no one wants them. It’s just sort crazy!
Are the banks waiting till spring? I heard the banks were waiting to see if there would be any new bail outs. But that would be political suicide, wouldn’t it?