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What’s Happening in Our Investor Market?
Manage episode 173555258 series 1124670
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Our investor market is super busy right now, so if you’re thinking about buying an investment property, here’s what you need to know.
Today I want to discuss what’s happening with our real estate market in terms of investing.
Be prepared so you don’t spend time debating about whether to make an offer.
In short, our investor market is super busy right now. We’re seeing a lot of properties sell before they even hit the market and multiple offers happening on foreclosure properties.
If you’re thinking of buying an investment property, make sure you get your financing in place because you will be competing against a lot of cash offers out there. The stock market has done so well recently that it has allowed a lot of people to become cash buyers.
Due to an accumulation of multiple offer situations, you should also be prepared to make an offer that’s over the list price. If you’re not prepared and spend too much time thinking about making an offer, another investor is going to swoop in and steal the property right from under your nose.
If you have any questions about investing in real estate, feel free to give us a call. We’d be glad to speak with you!
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