FEATURED
Guide to Selling your Fix-and-Flip in the Summer By Lou Forino, Gauntlet Funding
M
ore and more, the fix-and-
at a price point that will yield a
For
flip real estate investment
favorable return on investment. The
difficulties, it may be time to
approach is becoming the
data backs up these claims—with the
revamp their sales approach. It can
go-to method for turning a profit in the industry—with the year-end 2019 U.S. Home Flipping Report indicating that 245,864 single family homes and condos across the country were flipped in 2019, up 2 percent from 2018 to the highest point since 2006.
aforementioned U.S. Home Flipping Report showing that homes flipped in 2019 typically generated a gross profit of $62,900 nationwide (the difference
between
the
median
sales price and the median paid by investors), a decrease of 3.2 percent from $65,000 in 2018 and a 6 percent downturn from the post-recession
While fix-and-flips are undoubtedly
spike of $66,899 in 2017.
investors
experiencing
such
be challenging to decide where to begin overhauling your strategy, so here are a few tried-and-true tips to increase the chances of your fixand-flip property being snapped up immediately upon hitting the market. Set the Stage…Literally If the property has been completely rehabbed and is ready for the sales
in-demand in today’s market, some investors are finding it challenging to
Lingering properties on the market
sign to be pitched out front, ensure
offload their refurbished properties
equate
you’ve devoted the time and effort
16
to
lower
sales
prices.
