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Are Your Buyers Benefiting From Price Appreciation?
You’d think that your buyers could be locked out of buying good deals with prices appreciating 10% in some markets like Denver and Seattle. But the fact is, chances are, they probably already own the properties that have appreciated - and are benefiting from the price appreciation. A lot of investors got in after prices dropped in 2008 early. And own these properties.
There is less inventory on the market today according to Trulia’s Ralph McLaughlin and Access The Flock is seeing more buyers relative to sellers lately - making it harder for buyers to get into the market. Buyers are competing bidding the prices up. Over 5 years, home prices could appreciate further as employment rates stay strong at 5%. So, if you get in now you could benefit from further appreciation.
There are some markets that could be due for a price correction like San Francisco. But, then again, it could remain a hotbed for a few years.
Do you have repeat buyers that are benefiting from price appreciation?
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