Who’s Buying the Homes in Brentwood?
Recently there has been a notable increase in homebuyers in Brentwood and other local areas. Who is looking for homes and why?
With the recent rate decrease and odds that there will be more, people are now looking for real estate as there is an opportunity for them.
For the investors (and I mean real investors, not flippers) there are positive cash flow opportunities in Brentwood. With sufficient down payment and selection of the propert loan program, an investor can make some pretty good returns (positive cash flow, really) purchasing some of the offerings here in town.
First time homebuyers, who have been discouraged by the media, friends, and even some realtors, are looking at nice homes, with attractive prices. Since the primary offerings on market are bank owned properties, they are able to get their closing costs paid for, buy down their interest rate, and other incentives, since the banks want to get rid of these properties. The problem they may have is the number of offerings there are. So many choices can cause confusion.
Move up Buyers are also beginning to look at the real estate market as well. The availability of the perfect home at low prices is becoming a temptation that is hard to resist. While we are not yet out of our foreclosure cycle, the properties we are seeing are many times nicer the new homes. Upgrades, landscaping and other amenities are already installed, and at no charge.
The environment of low priced, low interest rate, and large selection is continuing and looks to do so for remainder of the year,
If you are interested in participating in this opportunity, we can help you, no matter your situation, investor, first time home buyer, or wanting to move to your dream home
(1 votes, average: 1 out of 5)
Loading ...
You must be joking. There certainly aren’t many transactions, just people waiting for prices to fall further. Are you really recommending that savvy investors put their money into Brentwood real estate?
Bwood,
As of this minute, 29 homes have closed escrow in Brentwood this month. 117 homes are pending sale…that is a tremendous jump. While many may not complete the transaciton, more will than won’t. The suppressed demand for homes is starting to be released, not just in Brentwood but in other East County cities. As we rose in price through 2005, people saw no top to the market, as wew have been dropping, people see no bottom. Both of these thoughts are wrong. The dynamics of markets cause many people to be on the wqrong side due to opinion confused as fact. People who are buying homes to live in and investors who can make positive cash flows are buying real estate today (I have 15 in escrow today).
Are prices going up? A very positive no. The overhead of supply is too great. But those who are buying today are buying forthe long run, not to flip, like another bad HGTV show.
Good luck in your investing.