Rise in random offers for my own home

[Lisa Lusby]

Since January, I have been contacted 8 times by investors who want to buy my house, two that want to buy my mother's house, and one that wants to buy my sister's house. I don't recall ever getting this much, and this aggressive, interest before. Yes, I get the random "we buy ugly houses" general mailer, but not the phone calls and personal notices (including two handwritten). 

Also, I am noticing that available rentals are staying empty for up to two months, which is unusual in Austin, TX. 

I am just getting into real estate investing myself, but now I am starting to think this market, which is already expensive, is going to be even more competitive and saturated. 

Am I right, or am I just more aware since I am trying to break into the market, too? 

[Ryan Kelly]

@Lisa Lusby Hey Lisa, in any strong market, you will get lots of “investors” trying to find deals. Our current challenge in Austin is very low inventory, so wholesalers and Investors have to work harder to find properties to make offers on. Like others have said, today’s market is immaterial. The real question to ask is “What is my goal?” If you plan to own the property for 10-20 years, the properties are cheaper now than they are likely to be in the future, so investing now makes more sense than waiting.

Happy to connect anytime you want to chat!