1 02, 2021

Most Homebuyers Made Offers Site-Unseen in 2020, According to Redfin

2021-01-16T22:05:45-05:00February 1st, 2021|Categories: Investment, Investment Properties, Selling|Tags: , , , , , , |

House flippers, you may receive an increasing number of offers on your properties from out-of-state buyers. A record 63 percent of homebuyers made offers on a property last year without actually seeing them in person, Redfin reports. That’s an increase of 31 percent over November 2019. Redfin surveyed over 1,900 homebuyers across 32 major markets during the months of November and December, and in mid-January, said sight-unseen offers have never been more popular since it first began collecting data of this nature five years ago. The surge is due to an increase in virtual home tours as a result of

6 01, 2021

The Top 10 Housing Markets Predicted for 2021 – Countdown Part 2

2020-12-22T16:14:26-05:00January 6th, 2021|Categories: Flipping, Investing, Investment, Investment Properties, Investments, Potential Markets, Real Estate, Tips|Tags: , , , , , , , |

House flippers, a new list published by Realtor.com forecasts the top 10 housing markets for 2021 and we’ve summarized them for you here. We countdown to what’s predicted to be the hottest housing market next year. A region that we service made the list. Let’s go. #5. Seattle, Washington With a median home price of $629,050 Seattle is predicted to be the fifth-hottest housing market in the nation in 2021. Its strong economy is boosted by employers like Amazon and Starbucks. When considering employment in the wider metro area tech giant Microsoft can’t be left out of the picture, since

1 01, 2021

Countdown: The Top 10 Housing Markets for 2021 – Part 1

2020-12-22T16:15:23-05:00January 1st, 2021|Categories: Flipping, Investing, Investment, Investment Properties, Potential Markets, Real Estate, Tips|Tags: , , , , , , , |

Flippers, if you want a forecast of the hottest housing markets for next year we’ve summarized a list for you here, as reported by Realtor.com. A region that we service made the list. Let’s countdown the top 10 housing markets predicted for 2021. #10. Riverside, California Known as the Inland Empire city, Riverside, California has a median home price of $475,050, making it a less expensive alternative to the Los Angeles metro area by a little less than half the cost. First-time buyers may find this price point attractive, as well as the larger homes and lots typically found in

6 12, 2020

Builder Confidence Reaches All-Time High

2020-11-20T22:29:26-05:00December 6th, 2020|Categories: Investing, Investment, Investments, New Construction, New Home Development, New Homes, Real Estate, Tips|Tags: , , , , , , , , |

Home builders are confident about current single-family home sales and sales expectations for the next six months. As a house flipper this can be a positive sign for the fate of projects you’ve got in progress, and in the pipeline. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which measures builder confidence, reached 90 points in November (on a scale from 0 to 100), according to an article published on the NAHB website. This is the highest score ever recorded since the index was created 35 years ago, and marks only the third time it has

27 11, 2020

3 More Design Options That Can Make Any Bathroom Appear Larger

2020-11-20T22:14:35-05:00November 27th, 2020|Categories: Flipping, Home Improvements, Home Upgrades, Investing, Investment, Remodeling Tips, Tips|Tags: , , , , , , , |

Whether the bathroom in your current project is spacious, or somewhat on the small side, these three design options can make it appear larger. White on White Not only does a white color scheme create a fresh, clean, classic, and neutral look, but it can open up your bathroom and make it appear more spacious. Features like a white vanity, white tile, and white paint to complement a white tub, sink, and toilet can do the trick. It’s a lot of white, so just in case you’re worried that the space will lack character consider incorporating pale stone or tile

27 10, 2020

‘Insane’ Demand in Housing Market Likely to Continue Into Next Year, Says Redfin CEO

2020-10-27T18:47:31-04:00October 27th, 2020|Categories: Flipping, Home Improvements, Home Upgrades, Investment, Investment Properties, Real Estate, Tips|Tags: , , , , , |

The Covid-19 pandemic-fueled housing boom is expected to carry over into 2021, says Redfin CEO Glenn Kelman. That’s good news for flippers who have their sights set on the New Year. House hunters who weren’t able to snatch up a property this year have greater expectations for the next. “There are so many people now who have decided they’re not going to be able to buy a home by year-end who expect to do so going into 2021,” said Kelman in a CNBC interview late this month. According to the National Association of Realtors (NAR), existing home sales rose 9.4

11 09, 2020

Texas Flipper Discovers 40K Gallon Pool Beneath Backyard Junk at Hoarder House

2020-09-13T23:06:08-04:00September 11th, 2020|Categories: Cleaning, Flipping, Foreclosures, Investment, Investment Properties|Tags: , , , , , , |

When 35-year-old house flipper John Reynolds purchased a dilapidated property just weeks before it was slated for demolition he had no idea that the end result would be enough to make his head swim. The 1950s home had been owned by a hoarder for 20 years, and it sat vacant for more than a year after the homeowner had passed away. Reynolds purchased the property from the local county authority for $20,000. While his primary focus was on the inside of the home he noted that something was off about the backyard, aside from the fact that it was wildly

27 08, 2020

Are Accent Walls Risky?

2020-08-17T18:44:54-04:00August 27th, 2020|Categories: Flipping, Home Improvements, Home Upgrades, Investment, Selling, Tips|Tags: , , , , , , , |

The accent wall—a single wall that’s painted in a hue that contrasts with other walls in a room—is an ideal way to add a pop of color to a space in your flip without committing every wall to a particular pigment. A majority of remodeling experts agree that the accent wall will be the most popular painting style inside of homes for sale this year, according to a recent poll by home improvement website Fixr. This painting method garnered 41 percent of the votes of experts, while other styles like two-tone walls, patterned walls, murals, and walls with faux painting

1 08, 2020

Bidding Wars in May and June Driven by Low Mortgage Rates, Low Inventory, Says Redfin

2020-07-20T23:12:23-04:00August 1st, 2020|Categories: Investment, Investment Properties, Potential Markets, Real Estate, Selling, Tips|Tags: , , , , |

June marks the second-straight month that over half of home offers submitted by real estate brokerage Redfin contended with multiple bidders. Nationwide, nearly 54 percent of Redfin home offers were engaged in bidding wars in the month of June—an increase from just under 52 percent in May and 44 percent in April, Redfin reported on its website. Bidding wars are being driven by low mortgage rates and low home inventory. Redfin Economist Taylor Marr said, “Bidding wars continue to be fueled by historically low mortgage rates and fewer homes up for sale.” He added, “It’s like a game of musical

7 07, 2019

Should You Buy a Rental Property?

2019-06-23T17:53:49-04:00July 7th, 2019|Categories: Hard Money, Investing, Investment, Investment Properties, Investments|Tags: , , , |

Hanging on to a property and renting it out can be a tremendously profitable endeavor - but should you try it? Maybe. Here's what you need to know. Should You Buy a Rental Property? Flipping houses - the process of buying an affordable home, fixing it up and selling it for a profit - isn't for everyone. It's a bit too risky for some, although it can pay off to the tune of tens of thousands if done properly. But buying a rental property might be a good choice. If you're going to be a landlord, here's what to look

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