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Real estate investor interest multiplies

Survey: Half of owners would sell if they could recoup cost

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More than three times as many potential homebuyers were interested in buying a home as an investment in March compared to the same month last year, according to a survey by operator Move Inc. In general, consumers purchase an investment with the hope that it will appreciate over time and/or generate income in the future. For homes, that usually means that the buyers don't live in the home and rent it out instead. In March, 17.2 percent of consumers planned to purchase a home as an investment in the near future. One year ago, only 5.6 percent did. Of those potential investors, 12.3 percent plan to buy a property entirely in cash, while 12.8 percent said they would put down more than half the sale price in cash and borrow the rest. Nearly half, 49.2 percent, would put down less than half the price in cash, the report said. Almost half, 46.5 percent, expect to own the property for six or more years; 16 percent for between two and five ...