A major concern investors have in this market is “Will I be able to sell this property after I rehab it�? It is hard to miss all the news reports detailing how the real estate market has slowed and how there are so many properties sitting on the market for sale with no buyers, etc, etc, etc.
That may all very well be true, however homes are still selling. I will repeat that, homes are still selling.
According to the National Association of Realtors, annualized sales of total existing homes were just under 5 million at 4.9 million units. Yes, this is a decline from where the unit sales numbers have been in the past year or so, but 4.9 million homes is a lot of sales.
Now that we have some hard numbers showing us that properties are selling, we need to ask what types of properties are selling? What price range are homes selling in? What amenities do buyers want? What are buyers looking for? As long we are doing our homework and doing proper market research and due diligence, we can be confident that our deals will sell.
Posted by Carter Brown
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