Dear Agents
At any one time, regional real estate markets are either in a
boom or bust cycle. If you are wise and you watch trends in your
market, you can see when a boom is ready to happen.
For example, let’s say that an area or large city is seeing
tremendous growth in the number of people moving there, but this
same area lacks sufficient housing for those people. The trend is
expected to continue as large companies are planning on opening
new businesses in the area, which will bring in even more people
looking for housing. If a real estate investor is aware that
these changes are on the horizon, then that investor can make a
smart move and purchase relatively inexpensive housing, make some
home improvements, and then sell that house at the peak of demand
and realize a huge profit on their investment.
When real estate boom cycles occur, more people than just the
real estate investor will profit from the trend. Some of these
other people include real estate agents, home improvement
contractors, and building supply stores. People in these
industries will reap great profits during the real estate boom
cycle.
Regards
Real Estate Agent