Supported by Recent articles and trends in the Pinellas County housing market, there appears to be a quieter gentler investor coming to the area. With the depresses prices of homes in the Pinellas County market, you have so0me investors carefully watching the prices and inventory of houses in the area. The area had a major increase and boom for several years in early 2000, but now the times of quick flip properties are nowhere to be found. If you bought a property and fixed it up now, your still in line with 1000′s of other inexpensive properties coming on the market to compete for buyers.
The result is a conservative investor that sees the real estate market as a stable long-term solution for investment. People will always need housing, but buying when the prices are dropping and inventory is high, takes a patience investor. Those that have sold their wall street shares are looking for sustainable growth in their investment by looking for prices to (eventually) head back to where they were a few years back. the price of homes goes in cycles and demand will flatten, but never go away. The price of a stock can drop overnight on the other hand, and when your retirement is in a company that may not be honestly run or truthful with their books, you may not be retiring after all when you thought you would.
So investors look to invest in a “down” market and what better “retirement investment” then a retirement home (not the assisted living kind). People will soon be realizing that in order to get away from the winter weather to warmer vacation type weather, they will still need to own a home in the topics. Florida is still THE destination for retirment, and as corny as it seems, the grand kids do like to visit Grandma and Grandpa near the beaches of Florida. The time to scoop up a home to vacation or rent out to help get it paid off while planning for retirement is now.
The new plan for many investors is to buy a foreclosed home, spend some money in getting it to a proper state for renting, and then allowing their realtor to find a rentor for the property. While they are out of state, they have a committed licensed professional that can attract buyers in the future and that will help maintain their investment for future sale. Realtors that are still working in this type of market are smarter and more commited than the “Get Rich Quick Realtors” of a few years ago. For more information about these types of services, you can feel free to contact Danielle Kelley http://daniellekelley.remax.com for more information.