We work with investors daily and finding their next purchase is our specialty. We’ve been hearing a lot of complaints about low inventory and high prices in the area, as an agent we definitely like to have more choices for our buyers and high prices hinder our production volume.
To maintain our investor needs we’ve found a few ways to combat the multiple-offer scenarios and find properties that have potential for investment. We are constantly watching for new listings, price reductions, and failed transactions (Back on Market), and looking for properties with hidden or appreciable value. Short term rentals are all the rage right now and there is a lot of competition for them, they have been fetching above average prices due to the increased income of a vacation rental. We also talk to other investors, off-market sellers, and other venues to find great deals, although typically they require cash/quick close contracts.
A well known purchasing tactic is paying all cash, with a quick close, and minimal inspection period. This type of offer can often trump higher offers with loan, inspection, or other contingencies. It also works well for distressed, bank owned, and other circumstances. If a loan is needed for purchase we have strategies for that as well, but we have to make sure the property will pass appraisal, and if an FHA or VA loan they will need to meet minimum property requirements as well as fit into the “use” definitions of that particular loan type.
We are here to help you when you are ready to make the next step for your real estate investment goals. Once we’ve discussed your property requirements we will continue to send you the latest properties and keep an eye out for great deals.
Visit our blog regularly to see the newest Realtor Picks, we select our top choices for investments or homes in the area, just click the Link!
For a custom search, contact us via Text, E-Mail, or Call and we can put together listings and start looking for your perfect property.
Click Here to See Fixer Uppers in Bay County as of 11-30-2021
