Across the property management and sales industry, Greg Toussieng is hearing that the commercial side of the business is anticipating a major crash. This could lead to price decreases and, favorable to clients of Toussieng: an increase in REO options for commercial buyers.
In the industry, many experts are at somewhat of a standstill. By all appearances, it would seem as though we are looming over a major crash in the US economy. Just like in the 2008 financial crisis, it’s anticipated that this event will be catastrophic for market value on properties. While this may sound negative at first glance, REO Listing Superstar Greg Toussieng sees the silver lining: there will be plenty of REO properties available for sale, to buyers and property manager hopefuls. If you are an investor, now is the time to pay attention and consider connecting with an REO Expert, like Toussieng and his team at Choice Home Mortgage.
In particular, experts in the industry are saying that the commercial property market will be hit the hardest. It’s also assumed that these will be the first properties impacted by the crash in a major way. These properties will drop in value exponentially, for a period of time, according to experts. Naturally, Greg Toussieng anticipates that residential homes would follow suit next, with prices dropping down for the first time in a long while. Toussieng and his team see this as a major positive for anyone interested in acquiring REOs for investment and flipping purposes.
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