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Investment Buyers in 2012

April 9, 2013 By admin

  • The sales price for investment properties rose for the second consecutive year. The share of investment buyers who paid all cash for their home purchase remained steady from 2011 at 49 percent.
  • Investors in 2012 remained active in buying distressed properties that were on the market. Twenty-four percent of investment property buyers purchased a home in foreclosure, and 23 percent purchased a short sale property.
  • Similar to vacation property buyers, this is a slight decline, which is reflective of fewer distressed homes on the market available for purchase.
  • The typical investment buyer plans to own their investment home for eight years.

Click chart to view larger version.

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Chesapeake/Suffolk


3325 Taylor Rd., Suite 107
Chesapeake, VA 23321
(757) 638-5700
(800) 556-1611
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Norfolk


1512 East Little Creek Rd.
Norfolk, VA 23518
(757) 480-2121
(800) 441-2112
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1825 W City Drive, Suite G
Elizabeth City, NC 27909
(252) 331-1300
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1201 Lake James Dr., Suite 201
Virginia Beach, VA 23464
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720 Thimble Shoals Blvd.,
Suite 116
Newport News, VA 23606
(757) 833-8400
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1031 Richmond Rd.
Williamsburg, VA 23185
(757) 220-8205
(800) 369-8206
(757) 229-3196

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4628 North Croatan Hwy.
Kitty Hawk, NC 27949
(252) 261-6400
(800) 282-6401
(252) 261-1400

At the Beach


1092 Laskin Road, Suite #204
Virginia Beach, VA 23451
(757) 264-6530
(757) 233-7921

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5103 George Washington Memorial Highway
Hayes, VA 23072
(804) 331-0422
(800) 539-8014
(757) 833-0545

Norfolk Property Management


1547-A E. Little Creek Road, Suite #100
Norfolk, VA 23518
757-583-1801
757-583-2343

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