Real estate investors are expected to be more active in their local markets by a three-to-one margin compared with typical home buyers over the next 24 months, according to a survey released by Move, Inc.
The survey also suggests local markets may be heating up with renewed investor interest and activity, as nearly 70 percent of investors expect it will be easier to find properties in the near future. Real-estate investors (62%) told Move they’re paying more attention to home values in their local markets, and only 43.5 percent say it will be harder to find bargains. Those who are already in the market are starting to feel optimistic, as well as two out of five investors expecting it’ll be easier to sell their properties in the next six months.
An uptick may be in the offing; some investors (22%) are bullish and expect prices to rise in the next six to 12 months, while almost half expect prices to remain relatively the same. Nearly a quarter of real estate investors expect prices will fall in the next six to 12 months
It is set to get heated out there. The Move Investor survey also suggests investors may be positioned to compete vigorously with traditional first-time homebuyers for hot deals:
65.5 percent said they expect the problems first-time buyers are having in getting mortgages will make it easier for them to compete for properties.
18.5 percent say they’ll be cash-only buyers, a strategy that’s out of reach for most first-time buyers.
80.5 percent expect cash discounts from sellers.
Source: Move, Inc.
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