"A, people have less access to capital and less purchasing power because interest rates are so high.
People don't want to leave their lower interest rates to enter into a higher interest rate mortgage."
This is a strategy that California-based real estate investor Mike Zuber refers to as " learning your buy box ."
To pick your buy box, spend time walking through different neighborhoods, going to open houses, and looking at rental listings.
He had a major advantage in that he could make all-cash offers, he noted, but anyone can use the "buy box" strategy to find deals right now when there are less buyers.
Persons:
Grant Sabatier, it's, don't, Sabatier, they're, Mike Zuber, seasonality, It's
Organizations:
Rolex, Business
Locations:
Ohio, Indiana, New York City, California, Park Slope, New York