Real Estate Investors Come Back to market Drawn by Low Prices

Every month we continue to see increased sales volume measure by number of sales transactions for NW Florida. This is promising news as our country struggles to dig itself out if a historic recession. Prices in Northwest Florida are holding steady while inventory is decreasing in most areas signaling that there is a market for our current inventory. It appears that investors are coming back to the table and beginning to buy aggressively priced real estate across the country.
According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009. The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.
Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.
Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.
Buyers of investment and personal property say they are motivated by these factors:
• Prices are as low as they will go, 23.6 percent
• Foreclosure prices are a bargain, 18.7 percent
• Great selection of homes for sale in their target community, 21.2 percent
• Concerned interest rates will rise, 14.2 percent
If you are interested in buying or selling investment property in Northwest Florida or know of someone who is… please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com.