Troubling signs in the property market

[Ceviche]

I am looking tp pick up multiple properties here in the crash. When would be a good time? I contemplate within next 12 months.

 

[perry]

I am looking tp pick up multiple properties here in the crash. When would be a good time? I contemplate within next 12 months.

Thats very soon . You expect a crash like 2001?

 

[garryl]

I will pick up one when the marker crashes

 

[jbeas176]

why wait. if there is increased supply and less demand. tender a low ball offer. way different than a mortgage driven market with foreclosures.

 

[jbeas176]

i have been on the court house steps bidding on foreclosed properties at auction. its pretty depressing but a reality. in 2011 i was thinking of pulling out of argentina. the unit was on the market at 200,000. 6 months later i was offered 125,000. turned it down and still own it. bottom feeding is a business and can profitable. never play real estate unless you fully own the property and have reserves on hand to with stand the down turm. mis dos centavos

 

[jbeas176]

might be a lesson here. there’s a pretty famous show called “ property wars” during say 2009. it took place on court house steps in phoenix arizona. i was there and saw what was going on. blood in the streets. rich man’s garage sale. private money came in. the buyers had unlimited resorces. needed by contract to purchase homes each day. my valuation was 80% of appraised value. they blew past me each and every time and often payed in excess of appraisal. if an outsider was bidding.. me.. they would wink and nod at each other and run the price up. its not as easy as you might think to take advantage of a down market especially in argentina where wages are low and people can’t afford to pay higher rents to justify the investment

 

[jbeas176]

glass of wine in hand, everything before was real estate 101 at the university. get ready students for a 303 level class. when buying in a barrio or building, buy 2. when you want to sell, place both on the market. one at the price you want and the second 60% above the first unit. the buyer will justify the unit 1 asking price because of number 2. you establish market value on number 1 and lower number 2’s price to number 1. drop the mic, walk off stage. seen it happen

 

[jbeas176]

think this thread can close. if you truly want to get into the real estate market in argentina, just tender offers on properties that have been on the market for along time. what may not be thinking about is the people that live and make money in real estate have a culture thats way infront of you. agents have investors ready to take advantage of most situations. and they talk. that’s not to say, if you buy right, know the market you are in, and sell when the public thinks it a good time to invest, you can and will make money. my leg up is i am a contractor, and not afraid of building proplems. good luck, hope i shed some light on future investing

 

[perry]

glass of wine in hand, everything before was real estate 101 at the university. get ready students for a 303 level class. when buying in a barrio or building, buy 2. when you want to sell, place both on the market. one at the price you want and the second 60% above the first unit. the buyer will justify the unit 1 asking price because of number 2. you establish market value on number 1 and lower number 2’s price to number 1. drop the mic, walk off stage. seen it happen

People are motivated by getting the deal . For this reason auctions work very well to create a higher interest in a property and in many cases a seller achieves above market value . This can happen frequently in a hot market where speculation and common sense are compromised .

The argentinian real estate market is completely unregulated with no records of real sales values for this reason you will see differing values and incredible espectulation in prices . The biggest factors in achieving the best values is location, great natural light in the apartment, open views, well maintained and category building. Higher floors will always sell better and of course staging an apartment for sale is a must . My motto is keep it simple and never show a cluttered property .

 

[PaulBee]

A property manager told me the market is polarized now. If a property has want people want, they`ll pay a lot for it. If it isn`t quite what they want, he says people won`t buy it at any price. Within a block, on the same side of Marcelo T. de Alvear, is a new building, with all the bells and whistles. Units of the same size as those down the street asked around US$1 million to 1.2 million and seem to have sold. The extreme price difference seems odd to me, but ,,,,