Odyssey Realty Partners - Tri County Real Estate Experts

New article on my blog

How To Defer Capital Gains Tax (Investment Properties) info on 1031 exchange transactio ns

Which one of my investors wants a property with a cap rate of over 14%. House is completely renovated seller is in a cash crunch. PM me for details.

🏡 Attention Future Home Buyers 🏡

NEW POST 👇

“First-Time Home Buyers: Your Guide to Making the Right Move” tips for buyers

👉 If you have been trying to buy a home 🏡 you know the struggle.

1. We are in the biggest housing inventory deficit this country has ever seen which means there's barely anything on the market that you'd even consider.

2. Even if you do see a home that you like there are multiple offers within a few hours of the home hitting the mark and buyers bidding way over the market price.

Well my team and myself have something exciting for you ....
What if you could get a list of potential dream homes, in the exact neighborhood where you wanted to live, WITHOUT any competition from any other buyers in the market.

Would you want a list like list?

If so, comment below with "LIST" and I will send you a direct message with all the details 👇

US Home prices 🏠 accelerated again in December

According to Case Shiller, up .2% MOM and 5.5% from a year earlier

The question on everyone’s mind:

Why didn’t higher rates bring down home prices last year?

A few thoughts:

1. Transaction volume is low, but liquidity is high—not a lot of homes are exchanging hands, but with markets at all time highs, a select group of very wealthy buyers exists. Many transactions are cash offers

2. Landlord Nation has caused a paradigm shift in how we do valuations on properties—the price floor isn’t based on how much a median family can afford. It’s how much the property might cash flow as a long or short term rental

3. No Recession. People are employed. Though distress sales have notably up-ticked off the lows, they remain a tiny portion of the market

Alright Investors and flippers of Philly! Got an off Market opportunity on 8th st. The house is HUGE, 2,856Sq Ft. And will sell for 200 with an attractive after renovation value when finished! Needs a complete rehab! Share this if you know anyone interested, give them my number 267-423-8386!

Commercial real estate (CRE) has been in a free fall and office buildings are by far the worst.

Prior to the pandemic, office occupancy rates were well over 90% in the US.

Four years later, the latest data shows that they are hovering around 50% today.

The numbers show the average for a week where Wednesdays can be as high as 60%, and Mondays and Fridays as low as 30%.

The lowest office occupancy rate is in Philadelphia at 37%, and the highest is in Austin at 58%.

What will happen to these buildings ?

Source: The Kobeissi Letter

5634 N CAMAC ST Philadelphia, Pennsylvania

OPEN HOUSE TODAY 12-2

$229,900

Our latest listing in ❗️

Click below to see photos and details 🏡

805 Churchville Road, Southampton, PA 18966 - ListReports House photos, infographics, and listing agent details for 805 Churchville Road, Southampton, PA 18966. This home is priced at $819,900, with 6 beds, 4 baths, and 3,910 sqft.

https://www.cnbc.com/2022/07/11/homebuyers-are-canceling-deals-at-highest-rate-since-start-of-covid.html

Homebuyers are canceling deals at the highest rate since the start of the pandemic Higher mortgage rates and overall inflation are causing potential homebuyers to reconsider their purchases.

July 27th.
Three weeks from today.
Your mortgage rates are going up at a minimum of 1/2 pt most likely 3/4 of a point. What does that mean to you? For every $200,000 you borrow your monthly payment will be $105 more a month, every month for 360 payments assuming no refi.
Get preapproved.
Get locked.
Call me at 609-315-8989
Your financial health demands action now.

https://www.redfin.com/news/housing-market-update-record-spke-in-price-drops/

Housing Market Update: More Sellers Drop Their Prices, But Buyers Find Little Relief Fifteen percent of home sellers dropped their list price in the past four weeks, up from 9% a year earlier.