Investors Pop Out Of The Woodwork
Filed Under Orlando Real Estate · Tagged:
Bottom or not - a large number of folk are keen to take advantage of the low real estate prices we’re seeing.
More than 12 percent of homebuyers today plan to purchase a home as an investment, compared to less than half, only 5.6 percent, just seven months ago, according to a recent Move.com Homeownership Survey.
The survey of 1,004 consumers, conducted from October 16 to 18 this year, found:
- Foreclosure buyers are confident they will profit from discounted purchase prices, as well as healthy appreciation rates over the next five years.
- Most foreclosure buyers, 58.2 percent, expect to pay 20 percent or less than market price for a foreclosure, while 38.5 percent expect a 25 percent or greater discount.
- Expectations are high — 73 percent expect their properties to appreciate ten percent or more in five years, 28 percent expect their purchases to appreciate 20 percent or more.
Not all buyers will make the ‘right’ decisions when purchasing however, and may folk still seem to overestimate their ability to get a loan in today’s market.
For more info on Orlando foreclosures, call 407-290-3408.
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