JL's Columbia SC Real Estate Blog: The Return of the Investors

The Return of the Investors

 In the past two weeks I have received three phone calls from different investors who are now ready to begin looking for properties to buy. Two are searching for single family properties while the other is much more interested in multifamily units.

 Lately my entire office has been very busy and things are starting to gear up. We had a slow January overall, but here in March we are wide open so far. There are also a few other agents in the office are currently working with investors who are very ready to buy.

 So, maybe people have begun to realize that rates are awesome and there are great deals out there just waiting. Here in Columbia, we never saw the market bottom out the way it did in other parts of the country, but we did see a lot of investors shy away from putting money into the market. Well, if this month is any indication, the Columbia investors are no longer afraid to invest in real estate. Hopefully many of you out there are beginning to see some of the same trends.

 

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JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

Office- 803-788-1450     Cell- 803-730-9601     Email- James_Boney@Yahoo.com

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Comment balloon 18 commentsJL Boney, III • March 19 2008 09:30PM

Comments

JL, I have to agree 100%.  Investors are busy in my area.  We never really saw the market collapse here.  I think that the media is more to blame than the actual "subprime lenders."  It seems the Carolinas are stronger than many other areas.  What's worse gas price increases or real estate problems created by the media?
Posted by Marc Baysek, Iron Horse Properties (Iron Horse Properties, LLC) over 10 years ago
That is good....lets start liquidating the glut inventory of Real Estate. this is good news.
Posted by JEROME G over 10 years ago
So much for the gloom and doom in the headlines!  I'm glad to hear you're experiencing it as well, as I was hoping it wasn't just the "tourist season" hitting Myrtle Beach.  It's time to turn this market around.  Best of luck to you!
Posted by The Entire Team of Price & Company Professionals (Price & Company Realty) over 10 years ago
Marc- At the moment, I would have to say gas prices, but if I were in other parts of the country maybe the whole real estate thing. Hopefully we will one day get some relief from both.
Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago

Jerome- This is precisely what I hope happens my friend.

Christopher- I think it is about that time, best of luck to you also.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago
The "Smart Money" is coming in and picking up great deal in our area right now.  All Cash investors calling everyday ;-)
Posted by Palm Coast Homes, Palm Coast/Flagler County Real Estate, The Ross/Co (100 Plus Realty LLC) over 10 years ago
Kristi- In many markets across the country, now is a great time to get in the mix.
Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago

JL: Investors are coming out, buyers with cash and others who see this is the best time to buy a home or investment property in ten years. Happy Hunting.

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 10 years ago
Nicholas-Happy hunting to you also Nich. I even had one investor call me tonight from Pennsylvania who is interested in some properties here in Columbia.
Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago
I have had four contracts this week in escrow and one investor tomorrow from Canada. This is good times. Thanks brother.
Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 10 years ago
Nicholas-Congrats my friend. I closed a house this afternoon. Things are defiantly looking up.
Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago
JL:  There is something about a closing that puts a smile on our faces! Congrats to you as well. This will be a great year.
Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 10 years ago
Nich- I think there is something about closings that puts a smile on all our faces. I think they call that something commission.
Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago
Well I didn't want to sound totally selfish, I wanted to infer that we found great pleasure in satisfying our customers.
Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) over 10 years ago

JL:

You go man.  Keep it up brother.   Work Hard and retire early.

Posted by » Bill Burress Nationwide Mortgage Originator (» Bill Burress Nationwide Mortgage Originator) over 10 years ago
We are seeing a huge influx of investors.  I would say that's a good sign.
Posted by Sandra Carlisle (Ayers), Real Estate Marketing & Sales (Berkshire Hathaway California Properties) over 10 years ago
Joining a investment company was one of the smartest things I ever did in my entire real estate career. I get all of my listings from investors. In fact, I have networked with investor all over the tri-state area who want to utilize my services. I would emplore every Realtor to make that connection.
Posted by Aja DuBose-Brown (Avalar Real Estate) over 10 years ago

Nicholas- I know it's not totally selfish, but making a little money sure doesn't hurt.

Bill- I certainly hope that I can.

Sandra- I would have to say that I agree.

Aja- I am doing my best to create a network of investors myself.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 10 years ago

Participate