About 20 percent of buyers today aren’t looking for a wonderful home to live in, they’re looking for the investment of their dreams.
One buyer in California bought 12 foreclosed homes in one day and had buyer’s regret. He regretted that he hadn’t bought them last year when prices were even lower. After an affordable fix-up in each home, he can rent them for between $1,000 and $3,000 a month.
In Wilmington NC, there are still quite a few homes that would make a profitable investment. And monthly rents are in the investor’s favor.
If you’re among the 80 percent of traditional buyers searching for the right home for themselves, you can buy now and have no regrets. While home prices are rising, it will be some time before they will not be considered an excellent buy.
Speaking of sellers, many have stood on the sidelines because of low selling prices. Now that prices of existing homes are rising all the time, more sellers are getting back into the marketplace. But they are charging more as average housing prices rise.
Considering all of these factors, this July is a great time to make a deal before circumstances change.
“Seek and ye shall find,” the best house for you at the best terms.