Richard Davis - GET THE MOST MONEY FOR YOUR REAL ESTATE INVESTMENT

(The above 20 Unit Apartment Building in Lauderdale, Florida is available as of this update on March 15, 2022) Once you’ve decided on a market, it’s time to look at inventory levels . This means finding out how many homes are for sale. Keep in mind that low levels (e.g., few houses for sale) can be a good thing, because it means it’s a seller’s market. Ideally, you want your market to have less than four months of inventory. The following are the different types of markets to look for: • Hypermarket: Less than one month of inventory; little to no competition. Listings tend to sell above asking price after receiving multiple offers. • Seller’s Market: Less than four months of inventory; low competition. You will likely sell for a good price. • Stable Market: Four to six months of inventory. Properties might take longer to sell, and could sell at or below asking (if they sell above, it probably won’t be by much). • Buyer’s Market: More than six months of inventory; lots of competition. Properties take a while to sell, and often sell below asking. I suggest that SELLERS a ELLERS and FLIPPERS focus their efforts on hypermarkets and seller’s markets, as these will bring in the most

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