Linda Kay's Blog

Okay, so... (don't ask me why I always start with that, 'cause I'm not really sure.  But now it's a thing!) My husband is on a kick... LOVES pancakes in the morning.  His pet peeve is when we go to a restaurant with amazing pancakes and they leave them out to get cold while the rest of our breakfast cooks.  He gets impatient and sends them back! Everyone knows pancakes have simply got to be hot enough to melt the butter, etc.

I can only equate this with some of the investors in the market today.  They pick up properties and have a set time-frame for them to be "flipped".  Just like my husband, they have this attitude of "get 'em while they're hot!"  I've even seen agents price them way too high just to appease their said investor.  This is only serving to create issues and I've heard more than one investor "flipping out" on their Realtor because of this.

I can only say, wake up investors and Realtors! Maybe the investor needs to take a look at what is happening in the "flipping" world!  This can only happen if they have a great Realtor to steer them in the right direction.  I mean, after all, with the foreclosures being forecast at an all-time high for this year, doesn't it make sense that the mindset may be more on holding and renting at this timje?  If we have people losing their homes, doesn't it make sense that they would need to rent/lease during this time?  And with the amount of rentals on the market, doesn't it seem like there is going to be a shortage of houses thus driving up the rents?  Not to mention that the crazy amount of foreclosures is going to drive down the prices and leave those investors "stuck" with that property anyway!

 So, Realtors with investors, I've just gotta say that I personally believe the investors need a mind-flip and only we can help them.  It doesn't help your client(s) if you're not giving them the straight scoop.  Plus it's a lot easier if you don't have someone "flipping out" on you!