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The real estate climate is different in 2019 than in the last couple of years. We have gone through a time of rising real estate prices, with not enough housing on the market to satisfy the needs of buyers. This translated into fast, competitive sales at higher prices than expected. This surge in quick sales has…
Have you gotten into the booming fix and flip market yet? The year 2019 is predicted to be a “hot” year for the “fix-and-flip” housing market. Before the throes of the housing crash, the flipping business was strong. Many times only requiring a superficial clean up, and spruce up of the property, allowing it to be…
The year is quickly winding down with holiday activities and gift buying on everyone’s mind. For the real estate investor, this is the perfect time to reflect on the accomplishments and lessons learned this year to make 2019 a tremendous success. The real estate story of the year has been the reduced supply of homes…
Over the course of the last 18 months, homes have been trading at what seems like lightning speed. In fact, the majority of homes have been selling in less than 30 days. While that is usually a cause for celebration (flip faster and make more money!), a robust housing market has increased competition which has…
The Mainstream Real Estate Market Typically when buying a home on the real estate market, new or resale homes are purchased by a conventional loan. This works well for a house in average condition without needing major repairs to make it livable. In this scenario, the house is priced according to market value. Comps or comparable values…
Real estate has been on the upswing for seven years which, history tells us, means a market slowdown is coming in the next year or so. Economic indicators back up the “tea-leaf-reading” as interest rates are ticking up, there’s political uncertainty and, although the economy is strong, the sustainability of this growth is the great unknown. So…
Every home flipper’s dream is to find a small mansion that just needs a few touch-ups before it sells for ten times your original buying price. While this would be the rare ideal opportunity for turning a profit on a single project, that is not the true purpose of everyday home flipping. In reality, most…
When flipping a home, you always want to make a fabulous first impression. Since the exterior of a residence is the first view a potential buyer sees, you should strive for a trendy-looking paint job and coordinating features. When selecting the exterior colors, you need to consider the walls, trim, window frames, roof, and also…
[Part 2…] Upgrade the Fixtures Now that the walls and floors are taken care of, examine the quality of the fixtures. Both light fixtures and plumbing fixtures can make a serious impression on buyers about the age and quality of a home. And they are remarkably easy to replace if you know what you’re…
In the house flipping business, shabby homes are your bread and butter. Few projects flip more quickly and efficiently than a home with stained carpets and chipping paint, especially if the only real problems are on the surface. When portntial buyers can’t see past the grime left by the previous residents,they’ll have a much harder time…
