It's quite common for both the public and media to be discussing the real estate market with terms such as "depressed", "down", "real estate crash", etc.  While it is true that there are record numbers of foreclosures, banks closing their doors and losses in home values throughout the country, it is also true that there is no such thing as a bad market.  The terms bad and good are relative to the individual.  The reality is that markets are no bad markets, only markets where people did or did not position themselves correctly. 

For those that did not lose their heads during the real estate boom and leverage themselves buying real estate to the point where they are now looking at bankruptcy, this is possibly the greatest real estate market of their lives.  Record numbers of millionaires will be made in the next few years due to the current market condition.  Those that either have capital to invest in real estate or are part of an investment group that is well funded, will make a fortune buying properties that are up to 50% under market price this year and either holding them for a few years of flipping them to other investors.

I have been in real estate since 1989 and until now have never seen a market where investors can purchase the remaining units from a developer at 40% to 50% under the fair market value.  This is amazing!  Investors from Canada, England, Australia and Japan are clamoring to buy as much U.S. real estate as they can.  They know that the market will turn around within a few years and that the popular markets will again start to appreciate at rates of appoximately 7 to 15% per year.  They are buying with a sense of urgency because they are aware that the door to buying property so aggressively discounted will close sometime soon and want to maximize their potential earnings  by purchasing as much as they can afford.

This is a unique and special market and one we will not see again for potentially a very long time.  It's a no brainer that if a person or group purchases for 50 cents on the dollar in our country's most popular cities, they will eventually make a fortune when the market bounces back.  I work with investors from all over the country who are taking advantage of this market's incredible purchase opportunities and am excited for them.

As an agent, this market also offers a great opportunity for me to make a difference.  For developers that need help in selling their inventory, it feels good to be able to bring them buyers who can purchase all their units in one bulk sale and a short escrow.  Many developers purchased or built their communities long enough ago that despite market drops, can still make a nice profit bulk selling to investors at a discount.  Many developers come to me not because they are in trouble but because they understand that time is money and that this is not a great market for retail sales to the public.  They know that to sell their remaining inventory to "walk-ins" could take years.  What is the cost of staffing a sales center open for 2 or 3 years when sales are only trickling in?  Since time is money, selling all their inventory in one bulk sale to an investor, even at a discount, instead of spending years retailing can make a lot of sense and provide developers with the capital they need to invest in other more profitable opportunities.

It's an incredible time to be involved in the real estate market and I wish the greatest success to both investors and my fellow agents that  are positioned correctly for this auspicious market.

Cordially,

Darren Prine

www.azpowerbroker.com

For bulk real estate at up to 50% off of market price - visit www.azpowerbroker.com