It's been a screwy market for the past six years. Inventories went up, prices dropped, foreclosures/REOs and short sales skyrocketed... and many heads continue to spin.
And although the market keeps many buyers and sellers away, it truly is a great time to buy... both single- and multi-family properties.
As I've stated in a recent blog post and many others over the past few years, with high inventories, low prices, and record-low interest rates, homes are really "on sale". But, so too are multi-family properties.
I've actually been investing over the past 2 years in duplexes myself. I have always though duplexes make great investments. I've noticed that, lately especially, well-priced duplexes often sell very quickly. Investors obviously see the benefits of buying... while those duplex owners who are just tired of maintaining those properties are finally seeing a great time to sell.
Of course, many "experts" still say we have a while before prices start to head North, and many duplex owners feel that if they wait any longer to sell, they'll lose even more equity. So, many are listing their properties for sale. And those who do are often rewarded with, not only a fast sale, but a "top dollar" sale. Unfortunately, those "top dollar" sales are not what they were a few years ago. But they are certainly top dollar sales for the current market.
If you're someone who wants to take advantage of investing now, or if you're an owner looking to sell, give us a call and let's discuss your situation and how you may be able to capitalize of the opportunities in this market. Call us now at (916) 241-8000 or (530) 677-1332.
Duplex owners can also get a FREE value estimate at www.DuplexValues.com.