Many rookie real estate investors make the mistake of overpricing their properties when all the work is done. The bottom line: If you want a successful listing that produces multiple offers, you must price your property correctly. Additionally, an overpriced investment property will sit on the market too long and tie up your money. The tried and true method for pricing your flips correctly is to find reliable comps in your property's neighborhood--and the best way to do that is to work with a Realtor(R). You can also check the market yourself periodically, while you're fixing up the property.
As a hard money lender in Atlanta, we’ve discussed home improvement plans with hundreds of people – and one common theme seems to be emerging: people really want low-maintenance homes. That’s something worth remembering if you’re flipping houses in Atlanta. Why Do Today’s Buyers Want Low-Maintenance Homes? “Most young homebuyers grew up watching their parents spend weekends with their honey-do lists, or they had chores to do on the weekends," says Lou Cardillo, a NY real estate professional. "Most young buyers are not going to follow in their parents' footsteps. They don't want to do that stuff… They want their
If you’re investing in real estate, you know you need to have what buyers want. But millennial homebuyers want different things than older homebuyers do – and your market research will tell you who’s more likely to be looking for a home in the neighborhood you’re investing in. So what do millennials want in a home? Because we’re a hard money lender in Atlanta, we have a unique perspective… and in-depth knowledge of what younger buyers want. What Millennials Want in a Home First things first: millennials want a turn-key home that doesn’t require much work, according to Bankrate. Like
In the past, we’ve mentioned that cheap finishes can kill your sale — but how do you know what buyers really want? The answer is simple: you stay on top of fixture trends and keep an eye on what’s selling in your area. As a hard money lender in Atlanta, our team has seen plenty of trends come and go (remember popcorn ceilings?). With that said, we’re not going to leave you hanging. Check out the hottest kitchen fixture trends for 2017 before you dive into your next project. Kitchen Fixture Trends 2017 Like in 2016, people want to keep
Have you heard of virtual wholesaling? If you’re like most people, you probably haven’t. Virtual wholesaling is essentially buying and selling homes or commercial buildings without having to be there. Most of the time, this is done electronically, and the transactions take place without ever seeing the property in person. The home or building is then turned around and sold quickly to an end buyer. Advantages to Wholesaling Property Virtual wholesaling has some advantages such as expanding your reach. If the area surrounding your physical location is short on investment properties, you can branch out. You don’t even have to
As a real estate investor, you already know that fixing and flipping a home takes time. (If you’re a new investor, you’re probably wondering exactly how long it takes and what season is best for fixing and flipping). Traditionally, most home sales occur in the spring and summer months, but that doesn’t mean people aren't participating in the real estate market during the other two seasons. Can You Fix and Flip a Home During Winter? Instead of waiting until spring to buy, fix and flip a home. That'll give you a leg up on your fellow flippers--and you can do