Home staging is the process of changing a home’s appearance to make it more appealing to buyers. Homeowners have to unemotionally prepare the home as a product for sale. The goal is to get buyers to pictures themselves living in the home. Staging a home often increases its sale price while decreasing the number of days spent on the market.
Flip or Flop, Masters of Flip, Flipping Out, these are just a few of the tv shows dedicated to “flipping” houses. That there are so many, speaks to the popularity of the house flipping industry. However, while these shows do touch on some of the hiccups that come with house flipping; the reality is a lot more complicated and isn’t remedied over a commercial break. House flipping is essentially purchasing property with the sole intention of reselling for a profit. Generally, the property is purchased at a discounted price as a “fixer-upper” or a foreclosure.
Millennials have surpassed boomers as the largest living generation, and generation’s housing preferences are impacting the entire housing market.
When it comes to renovating your home, checking the most current trends can help you get the most bang for your buck. Some of the most current trends have been around for a while but are still popular with homeowners. Most homeowners are looking for higher-end finishes and advancements in technology in their spaces and are looking for ways to do it on a budget.
Mortgage lenders have tightened the purse strings when it comes to applying for your first mortgage. Even though the U.S. economy was still rebuilding after the recession ten years ago, the housing market has stayed competitive in many parts of the country. This has made homebuyers more competitive. But before you can even become a competitive part of the market, you have to be qualified for a mortgage.
Last year Americans were purchasing new houses, and the market started very hot and started to cool off as the year progressed. With the current economic climate, the housing market could continue to cool off. Whether you are planning on buying or selling this year, here are some of the real estate trends you need to pay attention to!
Currently, real estate investors are looking for homes to flip. Flippers are looking to buy property at a relatively low price, fix any issues inside and out, give it a fresh coat of paint, and quickly re-list it for a profit. But buying a property to flip can sometimes be a lengthy process if you are new to an area, or just starting. The following are just a few tips you should consider when choosing a property to flip.
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