Housing Update and Low Rates on Investment Properties
The weekend’s here. Let me give you a quick update on housing and a loan for people buying investment properties. It’s a great time for a buyer right now. There’s a little bit more inventory. Homes are staying on the market a little bit longer. What does that mean?
That means you have a little bit better opportunity. Negotiate the price with the seller. We’re not seeing home prices drop. Just so you know, it’s a very healthy market. If a seller makes a price reduction, chances are they were listening it too high and asking too much for it anyway. If you want to know how rates could impact a new sales price you’re looking at, just reach out to me.
Let me know. I’ll take your scenario. Secondly, a lot of my clients are looking to buy investment properties when rates are higher and values are higher. It’s hard to get your yield. It’s hard to make sense of the math to rent it out and make money. I’ve got one credit union who’s offering interest rates much lower than anything else I’ve seen, especially for investment properties.
If you’re looking at investment property and want to see how this lower rate could help you get a better return on your investment, reach out to anytime. Thanks. Have a great weekend.
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