Investors Moving Back Into The Market – Especially in Lake Forest and Mission Viejo

Real estate investors are moving back into the market, according to a recent survey from Move.com. According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009. The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49. Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably. Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 ! percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men. Source: Move.com

Investors know that some of the best deals are in Lake Forest and Mission Viejo.  I have an investor/client who has over 50 rentals in these two cities.  If you are thinking of investing here, I must caution you that inventory is low and it is not getting any better.  These two cities as well as the City of Irvine are amongst the safest cities in the entire country.  Good properties sell within about 2 days.  If you want to work with an agent that can help you move quickly so you can secure a purchase before prices climb up any further, give me a call now.

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