One of the keys to making a profit on a fix and flip is to sell as quickly as possible right after rehabbing is complete. The longer it takes to sell the place, the less money will be left in your pocket. When you factor in the carrying costs and the potential for market conditions to fluctuate, you stand a much better chance of reaping a higher profit if you sell quickly.
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A big part of making a prudent buying decision is ensuring that you know what you’re getting. When it comes to buying a house, you want to takes steps to find out if there are any issues with it. If there are, you’ll want to identify how serious the problems are and whether or not they will influence your decision to go through with the deal.
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If you’ve got a big expense to pay for, you may not necessarily have to take out a personal loan if you don’t have the liquid cash to cover it. Instead, you may be able to pay for the expense with the equity you’ve built up in your home, if you have any.
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The housing market in California picked up some steam in May as existing home sales and median home prices inched up from both the month and year before. Here are some pertinent stats on California’s housing market for May 2017, gathered by the California Association of Realtors (CAR).
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For many Americans, homeownership is a major goal in life. While many may be content renting into the foreseeable future, many others hope to one day have their name on title of a property they can call their own.
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It goes without saying that a home purchase is a big deal and is probably the biggest investment you’ll ever make. If you’re a first-time buyer, make sure you avoid these potentially costly mistakes.
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Considering buying an older home? There are plenty of benefits of taking this route versus buying new construction. Older homes have a lot of character, are usually located in more established neighborhoods that are closer to urban centers, and are typically surrounded by mature greenery. That said, older homes may also require some improvements considering the aging of the construction materials.
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As the temperature continues to rise as we head deeper into summer, the energy – and money – needed to keep our homes cool can skyrocket.
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For sellers, a short sale is not an ideal way to sell a home. But for buyers, it may be a great way to snag a great deal on a home. That said, a short sale is not exactly like a conventional sale, and there could realistically be a few hurdles for buyers to have to jump over before this type of real estate transaction comes to a close.
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