The first piece of evidence, investors are jumping back in. It is starting to make sense. Prices are low, the best priced homes fresh on the market are getting bought up-sometimes with multiple offers. That being said, they are usually the best looking homes in their price range. Investors-there are still a lot of homes that are in need of some serious rehab. While it is disappointing to see the condition that some of these houses have been left in, there are some that are priced accordingly that can be snatched up, fixed up, and used as an investment property (one that actually pencils) or sold again for a small profit. We are talking base hits now, not home runs like we were seeing a few years ago. But a base hit is still a profit, and it means we are getting back to some sort of normalcy in our market. Remember to be conscious of anti flipping conditions that are out there now in the lending world.
Prices are still low, interest rates are surprisingly low. If you can get the financing right now and are in a position to jump into the market, I wouldn't wait. Find this interesting? Call me, Angie Mombert at 541-408-3543 and let's take a look at what is out there right now!
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