According to a nationwide Investor Survey for Move.com, conducted by GfK Custom Research North America, a third of real estate investors are planning to buy in the next 24 months compared to 8.6 percent of homebuyers of a primary or vacation home.

Investors are paying close attention to their local markets and expect to invest locally. Among the investors, half plan to hold their properties for five or more years while 11 percent expect to sell within a year of purchase, according to the survey.

The Move Investor Survey predicts it will be a competitive market. "It is set to get heated out there." Said Scott Garner on Move.com, "... investors may be positioned to compete vigorously with traditional first-time homebuyers for hot deals:

• 65.5% said they expect the problems first-time buyers are having in getting mortgages will make it easier for them to compete for properties.
• 18.5% say they'll be cash-only buyers, a strategy that's out of reach for most first-time buyers.
• 80.5% expect cash discounts from sellers."

Read more at Move.com.

Posted in Buyer Resources, Real Estate Trends, Real Estate Market Conditions

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