Jodi Summers = Office Real Estate ? WHAT REAL ESTATE INVESTORS ARE ...

June 23, 2011 on 12:03 pm | In Fascinating Information, Funny...Money, Investment Opportunities, Statistics, Trends, Uncategorized | No Comments

By Jodi Summers

Whereas many Americans have been bothered by the current state of real estate, investors see this as a fine opportunity to play the property market. A nationwide survey from Realtor.com operator Move Inc., compares real estate investor attitudes with those of the general public.

What the results show is that the typical investor is not the deep-pocket patron who exchanges into big complexes, but rather the mom + pop investor who is hands on with their purchase.

?Most real estate investors plan on combing cash and credit for their purchases goes against the conventional wisdom that investor transactions today are mostly cash-only sales,? observes Move CEO Steve Berkowitz.

This study concludes that today?s investors are ?entrepreneurial individuals who will make vital contributions to local communities by investing their own money and sweat equity to improve and maintain properties,? notes Berkowitz. ?These personal sacrifices made over the long run will help improve housing stocks, home values, property tax bases, and thousands of local communities.?

Poll highlights:

• 1/3^rd of real estate speculators plan on investing in real estate in the next 2 years, compared to 8.6% of homebuyers (defined as those planning to purchase a primary residence, vacation home or retirement property.)
• 28% of investors, compared to 9.1% of homebuyers, plan to purchase between two and five years from now.
• ? of the investors plan to hold their properties for five or more years while 11% expect to sell within a year of purchase.
• 56.5% of investors said the repair and maintenance of their property has not been difficult, and 42% plan to spend their own time and energy for that upkeep going forward.
• 29.5% of investors said they would hire a contractor for repairs and 28% said they would purchase move-in-ready properties.
• 65.7% don?t expect repair costs to surpass 20% of the property?s purchase price, the survey said.
• More than half of investors, 53.5%, expect home prices to remain the same in the next six to 12 months. 23% of homeowners expect prices to fall. About 69% expect it would be easier to find properties in the next six months, though 43.5% expect it would be harder to find bargains.
• 41.5% of investors believe it would be easier to sell their properties in the next six months.
• 18.5% of investors said they will engage in an all-cash purchase, while 75.5% plan to combine cash and credit to purchase a property. More than half (59.5%) plan to put down cash but finance more than half of the purchase.
• 16% plan to put down more than 50% in cash and finance the rest. Of the cash-only buyers, eight out of 10 expect discounts from sellers.
• 65.5% of investor respondents expect the financing difficulties first-time buyers are having will make it easier for them to compete for properties.
• 59% of investors said they were new to investing; only 36.5% had experience with more than one property transaction. Nearly half (48%) said they expected a profit of 20% or more from their property investments, equal to a 4% annual rate of return over five years. Another 40% expected a profit of 10%.

Market research firm GfK Custom Research North America conducted the survey on behalf of Move from April 11-15, 2011. The survey included telephone interviews of 1,200 U.S. adults, of which about 200 were identified as real estate investors. Data was weighted by age, sex, education, race and geographic region.

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Source: http://www.socalofficerealestateblog.com/?p=1940

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