Market News

I have noticed a gradual change in the market in the past several weeks. Our phone traffic has picked up but the rental requests far outweigh the buyer requests. All our rental properties are occupied and we are turning away renters on a daily basis. Lenders are requiring higher down payments from buyers and the fees on government backed loans have increased. In effect this has taken many prospective buyers out of the market and made renting a more viable option for them. Investors should take heed of this. A great opportunity exists today to purchase properties at great prices and rent them out making a tidy profit until the property values recover a few years out. Most investors don’t want the headaches of being a landlord but we not only can help acquire the properties but we will manage it for them as well.