Is Now The Time To Buy An Investment Property?

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Real Estate Agent with Howard Hanna RealCom 436567
Posted by

Herb Baldwin, e-Pro, Realtor, CDPE

herb@herbsells.com

Howard Hanna RealCom Realty, Mt. Gilead (Morrow County) Ohio, Helping people realize their dream of home ownership in Morrow County (45 minutes north of Columbus) Ohio.

To view any home in Morrow County, call me now at 419-947-4004

See all central Ohio homes for sale at:www.herbsells.com

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Gina Tufano 12/29/2011 08:42 AM
Topic:
Real Estate General Information
Location:
Ohio Morrow County
Tags:
rental
investment
interest rates

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Rainer
9,367
Elizabeth Birmingham
Southernmost Realty - Key West, FL

I have been in real estate since 1979. This is a great time to buy investment property. You must be able to afford to have it sit empty if needed though. Don't bite off more than you can chew!

Dec 29, 2011 08:31 AM #1
Rainmaker
101,283
Herb Baldwin
Howard Hanna RealCom - Mount Gilead, OH
Morrow County's Home Seller!

Elizabeth,  You're right ... nearly all rentals have some vacancy rate, but in our market in central Ohio, we're finding that rental prices are climbing.  The demand is high and the availability of clean, safe housing is slim.  So many people have lost their homes to foreclosure and are in desperate need of family housing.

As Realtors, we need to get the word out to the consumer that this (owning rental homes) can be a good option for the "mix"  of products to the retirement nest egg along with stocks/bonds/etc.

Dec 29, 2011 08:39 AM #2
Rainmaker
133,637
Marcia Kramarz
Re/Max Executive Realty - Medway, MA
CDPE,LMC,CBR

It IS a great time - but buyers are still a bit nervous - Although I'm seeing more come out of the woodwork than in early 2010 for sure

Dec 29, 2011 08:45 AM #3
Rainmaker
101,283
Herb Baldwin
Howard Hanna RealCom - Mount Gilead, OH
Morrow County's Home Seller!

Marcia, thanks for your comment.  The media unfortunately tends to paint an overall bad picture of home ownership.  When one looks at the details of the reports potential buyers can see where they just might be in a position to take advantage of the misfortune of others - sad but true.

And yes, market activity has definately picked up this year - here's hoping that 2012 is even stronger!

Dec 29, 2011 12:06 PM #4
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Rainmaker
101,283

Herb Baldwin

Morrow County's Home Seller!
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