Real Estate Agents Won't Tell You This
In episode six of Real Estate Rescue, Cody Oakes discusses the current state of the housing market and the impact of the economy. He shares a story about a homeowner facing foreclosure and explains why dropping the price of a house in panic is not the best solution. Instead, Cody suggests exploring other options and offers to help catch up on the loan to avoid foreclosure.
Tune in to learn more about journeying through the real estate market during challenging times.
TIMESTAMPS
[00:01:32] Dropping Prices in Foreclosure.
[00:06:14] Houses Being Sold at Auction.
This episode highlights the various factors contributing to the dip in the housing market, including longer days on the market, interest rate hikes, and the disparity between housing prices and demand. Cody Oakes emphasizes the need for real estate agents to be proactive and explore alternative solutions to maximize profitability and assist homeowners facing foreclosure or other challenges in the current market conditions.
Real Estate Rescue is presented as a solution for real estate agents who are struggling or have clients on the verge of losing their homes. Cody Oakes encourages agents to stop simply dropping the price of the house and instead reach out to Real Estate Rescue for assistance. By working with Real Estate Rescue, agents can sit down with the homeowner and the company to find a solution that maximizes profitability when selling the home. Whether it's dropping the price, dealing with probate, or abstracting equity, Real Estate Rescue claims to have the expertise and resources to provide value and help homeowners navigate challenging real estate circumstances.
QUOTES
- “We have plenty of different directions that we can go through from purchasing the home, stopping the foreclosure, selling your house, doing, you know, re-modifications because right now it is a buyer's market. It's no longer a seller's market.”
- “You got to have more ammunition in your arsenal and not just be one-dimensionalized in the way of thinking from traditional methods.”
- “We have moved people out of their homes and put them into a new home, giving them cash equity when they couldn't get approved to go get a rental. ”
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