Columbia, MD - One of the most professional home buying companies in the real estate market, Dependable Homebuyers, has identified a trend that people may want to know about. House flipping, the process of buying and selling a home within a year, is becoming increasingly popular as this is one of the best times to make money this way. With housing prices rising at breakneck speed, it’s easy to see why house flipping can bring high profits.
“People should definitely not neglect the risk that comes with house flipping. However, in order to completely understand it, they also need to know that there are benefits to this process. We have seen many amazing flips, most of them involved investors making profits that were between $15k and $30k once all of the expenses have been considered,” says Evan Roberts of Dependable Homebuyers.
The fact that there are TV series about house flipping only show how popular this trend is getting. For instance, HGTV’s Flip it to Win it follows six teams as they compete with each other to see who will make the most profits by buying, renovating and selling homes. The show does simplify some of the aspects of this process but nevertheless paints a good picture of house flipping as a good source of additional income.
“House flipping means significant margins for investors,” says Mr. Roberts. “However, margins are not to be confused with actual profits. Investors need to put money into the property they buy if they want to make money on it. In addition to that, they are not allowing the home price to increase naturally because they sell within just a few months, before the price has a chance to increase. This is more so apparent on the east coast where prices and the real estate market are heating up quickly.”
The house flipping trend has been under the spotlight recently as many state officials asked for new laws to come into place that would prevent people from doing short term flips. This isn’t a way to prevent flips completely, but rather limit the real estate prices and prevent them from going too high, hampering the affordability of homes. Here's a recent press release they published.
People interested in house flipping need to remember that not everyone can be successful in this process. It would take some accurate insight into the real estate market trends. Dependable Homebuyers has a team of professionals dedicated to helping people make the right decisions and reduce risk that comes with house flipping. They purchase homes directly from homeowners, allowing them to pay the most money possible to sellers, regardless of the location.
Dependable Homebuyers, as one of the best and fastest growing companies in the home buying industry, has a proven record of successful service to the people. They offer simple solutions that allow homeowners to sell their homes quickly and the company also offers expert advice which makes it easier for sellers to make the best decisions for their home and family. For more information about the company and the services they provide visit https://www.google.com/maps/d/viewer?usp=sharing&mid=1NOe0dbHI6MUqlrhCZpw3hl11yhChpw_Q.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in the Baltimore-Washington metropolitan area. We buy houses in any condition and any situation. Want to sell your house fast? Give us a call at (443) 219-8331 for a cash offer within 24 hours.
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