The Millionaires Blog Wholesaling GuideNo B.S. (Money-Getting) Advice for Wholesaling Real Estate, Wholesaling Houses, Real Estate Wholesaling and Flipping Homes

If you ask many of the real estate agents out there, “Hows your market?”. They will always tell you exactly what the general market conditions are, “oh are markets slow right now”, “oh its getting a little better”, these are all answers that I have heard.

It is very important to keep in mind that an agent or investor does not have to be affected by his/her marketplace. I have had agents tell me the market is very slow meanwhile I am doing better than ever. Essentially “their” market is very slow. Yes, real estate trends do predict what the large population is doing in the realms of buying or selling. The agents themselves decide how “their” market is.

The real estate trends in my area are extremely grim. So instead of focussing on how hard it is to sell homes, I refocused my plan and became my own best buyer. I bought 3 from me last week alone, and bought 4 from me in the previous month. Most investors and agents are sitting on the sidelines trying to wait the market until the market is great again before they begin reinvesting in real estate.

Prices in general are dictated by supply and demand. When the markets great supply is low and demand is high. When the market is bad supply is high and demand is low. The problem that I see with trying to wait out the market is that when the market is good you can sell for higher, but you pay more because there is more demand. When the market is low, you pay far less and sell for far less. Many times the two can cancel eachother out. Best case scenario you buy when its low and sell when its high, and rent your places out in betweeen.