3 Things House Flippers Can Teach You About the Real Estate Game - Real Estate News
January 28, 2016 Real Estate NewsWith over 115 million occupied housing units available, at any given moment a good home sale can pop up anywhere. Need proof? Just turn on your television. Shows like HGTV’s “Flip or Flop” depict house hunters finding unbelievable deals for foreclosed homes, fixes them up, and proceeds to sell them for an amazing price. While the profit from investing in luxury homes seems palpable, wouldn’t you rather pay less in your initial investment and make more in the long run? Sadly, real life isn’t always like television. Rather, house flipping is a really difficult task, and it’s a lot harder to make a profit than you think. But for those looking to buy or sell homes, we can, however, learn a lot from the pros on television. Check out these tips provided by house flippers that can help you in your very own real estate ventures:
- Location Matters When looking for real estate property to potentially sell or to use as homes, know that location is one of the most important criteria out there. A beach property, for example, is always placed at a higher value than real estate that is landlocked. Even if the area you are buying is undeveloped, to invest in undeveloped area on the water means better value in the long term.
- Think About Resale If you’re thinking about selling or renting the real estate property you purchase, try not to renovate it with your personalized style in mind. 33% of all home purchasers in 2014 were first time buyers; these individuals are from a specific demographic and have specific ideas about design and style. Make your home accessible and appealing in order to sell it more easily.
- Seek the Help of Professional Realtors When it comes to buying and selling your home, no one knows the game better than a professional real estate agent. There are over 2 million licensed Realtors in the United States with a number of specialized qualifications, aiming to help you find the property of your dreams. How will you chose the right realtor for you. Check out Morgan Mason and J.P. Peron from the Outer Banks Real Estate Company.