Skip to main content

Real Estate Update: COVID-19

In a recent blog, we discussed more briefly about the Coronavirus (aka COVID-19). In this blog, I would like to provide a more company centric/industry specific update about the Coronavirus. This is the Coronavirus update for The Results Real Estate Group, a Real Estate Team at Realty Pro 100. 

On the real estate end, things are going mostly normal. The office is practicing social distancing and open houses are still being attended. In this time, Home is the only for sure thing that can not change-so whether you are leasing or buying, there is very much a lot of enthusiasm for obtaining a safe place to harbor. Loans are very busy with interest rates being dropped again. Most things that can be handled over phone or email are being handled as such-and visitations are safe with distancing. 


So, like the meme says, stay calm and keep moving forward. I am available by phone, email, social media and by visitation (as requested). I urge us all to stand together and get through this so that our immediate future is not as bleak as this time of virus take over. 

Orange, CA-TRREG DRE#01843673-RP100 DRE#02059058-P:714-831-1800-E:info@theresultsrealestategroup.com-W:www.theresultsrealestategroup.com-Facebook - Twitter - Instagram - LinkedIn


Labels:
Location: Orange, CA, USA

Comments

Post a Comment

Popular posts from this blog

The Fault in our iBuyers(iBrokers)

Today's topic will be about this developing trend of what are called "iBuyers", which are buyers that are more "convenient" to a seller, and who buy houses "as-is" with "all cash". In today's controversial environment of taking a position, this sounds all too familiar.  I would like to bullet point some of the problems of this iBuyer Trend: 1. iBuyers are really iBrokers The "buyers" really are intermediaries for larger venture capital companies, one of these companies, Opendoor, just closed on $300 million more to bring their total funding over $1 billion to buy single family homes for rent and for flip. It is estimated to spend more than $4 billion per year buying homes . Though the terms of the funding are not public, no one hands someone else $1 billion with no strings attached, they have their guidelines and what they can and can not do and are functionally no different than brokers.  2. Therefore, more i
Post a Comment
Read more

Real Estate Investments: Invest Up

I want to speak briefly to the masses today. Normally our audience is the Buyer and Seller, and yet it is easy enough for anyone to become both. It could even happen that you are a Buyer, Seller, and Investor at the same time! How can this be? Me, a normal person can be a Investor? Yes. Even more than that, as soon as you start your journey you start doing something greater than yourself, building generational wealth. Let's start at the very beginning, a very good place to start. This beginning looks like a house purchase. That would be because it is a house purchase. Assuming you are buying this house to rent out, you are now a Landlord and Investor. The first house is going to be the scariest, it gets easier from there. Let's assume you have rented out the house for a couple of years and you are looking to upgrade from a Single Family Residence to a Duplex. You would sell your Single Family Residence and 1031 the proceeds of the sale into the purchase of the duplex. Yo
Post a Comment
Read more

How I Learned to Stop Worrying and Love the Coronavirus

Greetings, Today I wanted to simply jot down some thoughts I had about this novel coronavirus (COVID-19) that the news cycle seems to love to talk about: - Will real estate values be affected? The answer is the same as every real estate question, it depends. I believe luxury will be impacted, I think more modest dwellings will not, and for a very simple reason, there is not more inventory and people have to live somewhere. - Is this our 1987 moment? In 1987 we had Black Monday, the biggest one day stock market drop in history, afterwards, real estate prices went up in a straight line for 18 months. Just like any good investor, when there is a shock to the system, you have to recalibrate, you either go to safety (or even relative safety, like houses versus paper ownership in a company), or you go to what has been undervalued. I suspect there is a good chance this is our 1987 moment for real estate. The 80's are dead, long live the 80's. - The drop in stock price
Post a Comment
Read more