📣The Perfect Storm for Sales & Q3 2020 Results
Q3 SALES & FINANCING RESULTS
As we enter the final quarter of 2020, the upcoming election has caused community owners to ask themselves, “Is now the right time to sell?”. This year has already been a great year for sellers with property values being pushed to all-time highs by interest rates dropping to all-time lows. The added uncertainty of a change in office and the expected fallout, such as increased corporate and capital gains taxes, have created a rush for the door.
We are currently working on several deals where the seller contacted us with a mandate to close before the end of the year. The window of opportunity to join this group of sellers is closing quickly as agency lenders are taking roughly 10 weeks to complete deals. If you are interested in taking advantage of the “perfect storm” for sellers we are currently in, please give us a call. As always, we are providing free valuations to all community owners.