Mark has some excellent points, not only for Vancouver, WA, but in MANY markets across the country!
Our local Idaho inventory is about 8 months of supply, interest rates have been hovering around 4.5% and sellers are pricing to sell!
It's a great time to buy investment properties in Boise Idaho too!
Investment Properties for Sale in Vancouver Washington
Investing your hard earned cash can be rough and investing in real estate might even be worse. Simply put, real estate investing isn't for the faint of heart.
As with anything, there are good times to invest and the are bad times to invest. Ask any investor, and he will tell you that right now is a time that will go down in history as the perfect storm for real estate!
The Perfect Storm
The time for Real estate investing in Vancouver Washington couldn't be better. The three elements of the perfect storm are lining up and the investors who are taking advantage of it will make huge profits in the future. The elements are inventory, interest rates, and seller state of mind.
Inventory - As of October 2010 the level of inventory for homes for sale in Vancouver Washington has been at 11.4 months. This means that if homes sell at the same rate that they have been, it will take 11.4 months to sell everything on the market. That is a huge inventory for the small Vancouver Washington Real Estate market. Large inventories of homes drive prices down.
Interest rates - Rates are at an all time low. Speculation is that they will be going up but we haven't seen any sustainable upward pressure. All of our personal investment / rental properties are currently mortgaged at 5% or less. That is an incredible rate for non owner occupied properties! These rates make real estate investing in Vancouver Washington attainable for everyone.
Seller State of Mind - This is the catalyst that sets off the other two issues and starts the storm spinning. Sellers are frustrated and beginning to panic. Homes have been on the market for 12 months or more and the sellers are making drastic moves to sell them. Many homes have been over priced for many months and the sellers are over correcting. They are making big mistakes and let homes go at less than market price. Sellers' motivation is at an all time high!
As a real estate investor in Vancouver Washington, this is the perfect time to be buying and holding properties. You will have your choice of the inventory, have access to great rates, and have sellers fighting to have you buy their home. What could be better?
Well, there is one more thing...
Because foreclosures have been so rampant in the past months there is a huge backlog of renters. Rental inventories are becoming depleted. Using the typical "supply vs. demand" economic model, we can watch rental rates increase from month to month. Foreclosures don't seem to be slowing down and I don't see a short term end to rent increases.
What are you waiting for? Investing in Vancouver Washington has never been safer and has never had a bigger upside. Those who are brave enough to dive in will profit from their efforts. Those who are waiting for the right time? The time is now! Don't miss it again.
When you choose us to handle your Vancouver Washington real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark Countyand we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area. Additionally, we have helped numerous families build their own dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service.