Home improvement TV shows have made house-flipping look like a dream payday. You buy a house that needs repairs at a low cost. You make the repairs. Then, you sell the home to an eager buyer for a huge profit.
Flipping homes can be a great way to build your wealth through real estate investment. But, in reality, there are several considerations to keep in mind before you dive headfirst into house-flipping.
Here’s a quick guide to house-flipping that answers some of the most important questions you may face as a new investor.
Preparing your home for an open house requires you to put your best foot forward both inside and out. Often, sellers pay little attention to the outside of their homes; something that could lead to missed opportunities.
It is true that painting a whole house, improving the landscaping, or upgrading a garage door sound like hard work. Still, here’s the thing: real estate agents say you can prepare the exterior of your home without going crazy.
So to that end, here are 10 open house hacks for the outside of your home that can get buyers’ attention.:
Moving across the country is a big and exciting change in a person’s life. If you’re in the process of planning your relocation, you may already be looking for the best cross-country movers to hire for your move. However, if you’re a homeowner, you need to focus on selling your home first before you look towards your new life on the other side of the country.
The goal for any seller is to sell their house in a timely manner for the highest price possible. A good profit on a home sale can go a long way towards paying for moving expenses and buying a house in the new location.
If you’ve decided to sell your home, expect to perform minor repairs and enhancements as part of the preparation.
Small things like replacing rugs, door handles, and decluttering can help your property become more attractive to potential buyers. Preparing your home well can also help preserve its fair market value and make it more welcoming to people interested in acquiring your property.
You’ve already found the right real estate agent, learned how to safely sell your home during COVID-19, gotten your home ready for sale, and learned tips for selling your home in a seller’s market . Now, it’s time to learn how to choose the best offer on your home.
In the current seller’s market, odds are, you’ll be faced with a bidding war. This is great news! It means you should have several offers on the table to choose from. You may be inclined to pick the buyer who offers the most money for your home, but the best offer isn’t always the highest bidder — it may be the one that best accommodates your situation.