- July 14, 2021
- Posted by: Stratford Team
- Category: Business
Bess Freedman, CEO of Brown Harris Stevens, discusses the real estate industry’s post-pandemic resurgence in big cities.
Think twice before buying a home as an investment property in the post-pandemic real estate market.
That’s what real estate and personal finance experts are advising, considering home price offerings are surging up to 50% over the asking price amid ongoing bidding wars in the competitive market.
Think twice before buying a home as an investment property in the post-pandemic real estate market, finance experts suggest. (iStock)
And with such low inventory and high demand, some home buyers are even waiving inspection contingencies.
“Buying a home at the top of the market is bad enough. At least you’ll live in it – hopefully for many years — before you sell at a profit. But if you buy an investment property for top dollar, you risk bottoming out,” Howard Dvorkin, a New Jersey-based Certified Public Accountant and chairman of…