Posts Tagged ‘housing market in Washington D.C. has slowed down’

HomeVestors Knows That The Housing Market In Washington D.C. Has Slowed Down

Thursday, December 19th, 2013

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Investors who are considering investing in the Washington D.C. housing market should keep a close eye on it and invest as soon as the property values drop significantly. 

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that the housing market in Washington D.C. has slowed down.  Many are attributing this slow down to the residual effects of the government shutdown.  Investors who are considering purchasing property in the D.C. area should wait a bit and take advantage as soon as property values decline a bit.

The housing market in Washington D.C. has slowed down, but property values are still on their way up.  Property values have increased 5.3% in November, but the number of buyers who are on the market has significantly decreased.  As soon as the market gets in touch with the demand, we can expect that property values are going to drop.  Investors who get in the market at this time are bound to earn a profit as soon as the market goes back up.

Sales were down 14% in November, a testament to the fact that the housing market in Washington D.C. has slowed down.  The number of houses listed on the market at this time has also decreased substantially.  There was a 10.6% decrease in inventory after the government shutdown and sellers are not as excited to list their house at this time.  As soon as these sellers see that their property values are dropping, many will panic and list their house all at once.  This will send the property values plummeting even further, as the market becomes flooded with inventory.

Real estate investors who understand this trend should do what they can to find an investment property, when sellers list in vast numbers.  These sellers are bound to have a problem selling their house and may be interested in working with an investor who can offer them a quick sale.  The best way to reach these sellers is to target the ones who have been listed on the market for a period of months.  These sellers will likely feel desperation start to creep into their selling efforts.  Investors are likely to be able to negotiate with these sellers and purchase their property for below market value, earning a profit when they decide to flip the property.

Investors who understand that the housing market in Washington D.C. has slowed down can wait for property values to drop before investing in real estate.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.