Michael Del Prete | AZREIA
In the fluctuating Arizona real estate market, marked by a downturn in prices and an increase in the time homes stay on the market, unique opportunities arise for those willing to think creatively. As Warren Buffett wisely said, “Be fearful when others are greedy, and greedy when others are fearful.” This sentiment perfectly encapsulates the current state of the market – a time for savvy investors and real estate professionals to leverage creative financing strategies.
Seller Carrybacks: In a market where traditional financing becomes a hurdle, seller carrybacks offer a win-win scenario. Sellers can potentially expedite sales by financing the purchase, while buyers enjoy easier qualifications and favorable terms.
Subject-To Transactions: With homeowners eager to sell, ‘subject-to’ transactions provide a path for investors to make payments on existing mortgages on behalf of the owner. This can be particularly advantageous in a market with rising interest rates, as it allows investors to capitalize on existing lower rates.
Wraparound Mortgages: In slower markets, wraparound mortgages facilitate transactions that might not otherwise occur, bridging the gap between buyer affordability and seller needs.
Lease Options: With extended market times for homes and buyer hesitancy, lease options offer an alternative path. This strategy allows buyers to lease a property with an option to buy later, providing time to improve their financial standing.
Understanding and applying these creative financing strategies requires deep market knowledge and the ability to navigate complex deals. As I like to say, “Cash always works until it doesn’t” and these strategies can unlock numerous opportunities for those willing to invest the time and effort.
AZREIA recognizes the importance of equipping our members with the necessary tools and knowledge to navigate these changing market conditions. Therefore, we are thrilled to reintroduce our event focusing on Creative Financing, guided by industry expert Brandon Simmons. This workshop is designed for anyone looking to thrive in the current market environment, whether new to real estate investing or seasoned professionals.
Join us to learn about powerful strategies like seller financing, wraps, lease options, and more. This workshop is not just a learning opportunity but also a platform to network and grow together.
Set your reminder for December 9th, 2023, from 9:00 am to 1:00 pm, to participate in this valuable workshop.
Michael Del Prete
AZREIA Executive Director