A Good Time For Real Estate Investors to Sell
As Rental Rates slow and decelerate it's a great time for Real Estate Investors to Sell. Till now, rents have risen and home price appreciation has been exceptional. In the past three years rental rates have soared 17% while typical home prices have increased 35%, depending on the area. All of this was taking place when interest rates were low.
Homes prices are now going down along with rental rates. We also have a 40-year high in multifamily construction which means thousands of rental units will be hitting the market in upcoming months and the next year driving down rental rates.
Sales Inventory for Existing Homes is at about 1 million, a historic low. It would take 100% growth to reach adequate supply. This is where Real Estate Investors can help the market and themselves with a tidy profit. Why chance losing equity and lower rental income?
Some organizations are calling for a federal incentive to help bring needed inventory to the market in the form of capital gains relief to real estate investors who sell to first-time home buyers. The problem with this theory, most first-time home buyers who haven't already purchased a home wouldn't qualify with the current interest rates.
If we desperately need inventory on the market, give capital gains relief to real estate investors without restrictions.
Are you ready to Sell your Investment Property? Give Me a Call!
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