The 2020 tax season is in full swing and the biggest question this time of year seems to be, “how much will I receive in my tax return and what will I do with the money?” This might feel like a great time to buy something fun and flashy, but those searching for a long-term investment opportunity may find a better deal in real estate.
This time of year means an increase in available properties and more chances for you to cash in. Let’s explore a few reasons why now is a great time to invest in real estate and how you can make your mark on the market.
Spring is in Bloom
Warm weather inspires many to get into the homebuying spirit. Spring is usually the busiest time of year in the residential real estate market, with an increase in available properties and interested buyers. The sunny weather provides ideal conditions for house hunting, allowing you to scope out properties, visit different neighborhoods and attend auctions in-person without the hassle of bad weather. With Hubzu’s real-time features like SMS bidding, you can maximize your efforts and secure the properties you love by placing bids on-the-go.
Renter Demand is High
Just before fall, the demand for rental properties increases. Why? Because many people are looking for somewhere to settle down before the new school year. Renting offers a more affordable alternative than purchasing a home. Having a stable of rental properties in your portfolio is key to taking full advantage of the increase in demand. Renting your auction property opens up the opportunity to earn a long-term, steady income on certain properties while continuing to market others.
Lastly, but possibly the most significant piece of the puzzle, is the increased amount of inventory at your disposal. With more houses to choose from, you can better strategize your purchase decisions and pick properties that best suit your portfolio. In the home auction space, you can take advantage of discounted prices and a variety of property types like REO, bank-owned, foreclosures and more.
On Hubzu, you can search through over 4,000 available properties, place a bid online and even market your properties through the platform. If you want to learn more about an auction property, Hubzu also provides detailed information about features and nearby schools. This one-stop-shop of investment tools can help you save time and give you an edge on the competition.
As tax returns roll in and the spring market continues to bustle, now is a great time to build your ideal portfolio. Want to start investing? Start browsing today!