Every time the dynamics of the Real Estate Market change, some people gain ground, others lose ground, and still others make a decision to alter their methods and break free of their pre-concieved notions. These are the innovators and doers who are constantly trying something a little different, based upon their own previous successes, but with a flavor of ingenuity that really shows their abilty to think along a different path.
We encourage all of you to test our website and yourselves as the new parameters of the market fall into place. Rising interest rates are just a piece of the puzzle. If your clients have cash in stocks then they could pull that out and buy Real Estate before the stock market has a correction that could leave them damaged. If your clients have great credit they can get in on great cash deals at auction and use their cash a second time to make sure they still have a great loan package if they want to finance later, or they can just make offers to the cash investors who buy at auction.
The number of foreclosures will be increasing over the coming months, as those who do not qualify for modifications or who failed to keep the terms of modifications they did qualify for will finally have to admit that they overbought. They will end up being what some are calling the last wave of the foreclosure tsunami. They will bring with them a host of investment opportunities if you are willing to look at your options. The time to prospect these NOD's is back, and with a vengence. Good Luck.