You see, the real estate market will experience a rise of homebuyers who took part in short sales as sellers three to five years back.
That’s correct, there is a surge of buyers who will gradually hit the market now and also for the next five years that will drive the housing market back up to traditionally “normal” levels and beyond, making 2014 a good year to eventually sell your home.
Think about these five pieces of facts and the conclusion we should draw:
Essentially, short sales were rarely carried out (and never stated) before 2009.
Starting in 2009, there has been a relatively large group of people undergoing short sales.
People who did short sales used to have good credit when they acquired their own home.
Individuals who do short sales will want to own a home again.
People who do short sales typically need to wait about 4 years before they can acquire another home loan.
The ordinary penalty period for short sellers will be done after four to five years. This implies that 2009 and 2010 short sellers will just now in a buying position, and will affect the demand of homes. How notable could this be?