Asheville Investors to Dominate Market for Next 2 Years

Asheville investors are expected to outnumber traditional home buyers three to one in the next two years.

Asheville Real Estate also includes first time buyers are also ready to snag the best deals. About two-thirds of investors say they expect the problems that first-time buyers are having with financing and getting mortgages will work in their favor in competing for properties. One in five investors say they plan to purchase properties using cash-only and 80.5 percent expect cash discounts on properties from sellers.

I find it very interesting that over 60% of the investors are new to real estate but see the opportunities.

Here are some additional findings from the Move Investor survey about this growing segment of home buyers are:

Asheville home investors over 43.5% expect it to get more difficult to find housing bargains in the coming months. 22% expect prices to rise in the next six to 12 months, while 53% expect prices to stay relatively flat. Half of the real estate investors surveyed say they plan to hold their properties for five years or more. Only 11% expect to sell within 12 months of buying it.


Almost half of the investors surveyed expect a profit of 20% or more from their investment, 40% expect a profit of 10 percent, and 6.5 percent expect a 5% or less return on investment.

Nearly half of investors say they plan to live in their investment property until it's sold or turned into a rental property.

About 56% of investors plan to turn their investments into rental properties. Also, the survey found that 28% plan to purchase a vacation property and 30% reported an interest in buying retirement property as an investment.
Nearly 60% of investors say they're new to real estate investing. About 33% are considering their first investment purchase and 8.5 percent are in the process of buying and selling their first investment property. Of those surveyed, only 36.5% had experience in more than one property transaction.

 I find this all very interesting as real estate seems to be changing everyday but not surprising. Is there opportunity? Absolutely but can you just buy anything and make money like years ago? No, but with solid information about the home and area allows you to make a good decision about the investment opportunity.