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Investors be ready!...a look ahead

By
Real Estate Agent with Realty 1

So, I’ve been watching number and following a lot of trends and I believe I see a change coming in the future.  This is pure opinion of course, but investors should be poised for jumping into the market.  There are several factors that have lead me to this conclusion and here are a few.  Right now home prices are very competitive which is a good thing for buyers.  We are coming into a time of year when annually sales slow down and homes will sit on the market a bit longer (this is due to some people not wanting to move in the middle of winter as well as a few other factors).  These two items will help to soften sellers up a bit so that they are more negotiable.  NOW…I want to pause for a minute after saying a statement like that.  What I am not saying is that “low-ball” offers and “bullying” a seller will work-out.  Often, these foolish tactics will only upset sellers and make them stick-to-their-guns all the more.  All that I am saying is that sellers realize that they have to be accommodating in these market times.  Weeellllll….now that we have all that cleared up let’s keep moving.  The other indicators that investors may want to start jumping into the market are all the changing bank guidelines.  More and more banks are becoming stricter as to who they would like to see obtaining a mortgage.  The sub-prime days are over (for good in the foreseeable future as well).  Banks have seen the problems that are created by allowing just anyone to own a home.  If someone can’t afford to live in a home, then a period of time is needed for them to save some money and becoming better qualified.  That is where you as an investor jump in.  It is my belief that rentals will be on the increase.  With folks not knowing what the housing market is going to do they feel more comfortable renting for a period of time.  Also, all the people who aren’t qualified to own a home will need a place to live.  And lastly, some people just don’t want to own their own home.  It is easier for them to simply rent an apartment, or a house, where everything is taken care of for them and they don’t have to sweat all the small things that a homeowner may have to.  Take a second and think about it.  Kinda makes sense, huh?  We certainly aren’t going back to the mess in the mortgage world that got us here.  So, where are we going and where are people going to live?

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  We invite you back to ActiveRain in 2017.

  Much has changed since your last blog post.

  Best to you!

Jun 13, 2017 06:26 PM