Fewer homes were flipped by investors in the second quarter compared with the same quarter one year ago as profits grew smaller, according to ATTOM Data Solutions’ 2019 U.S. Home Flipping Report. Homes flipped in the second quarter were down 5.2% from a year ago. Overall, home flips in the second quarter comprised 5.9% of all home […]
Guiding Buyers When Purchasing a Flip
Today’s flippers are more often professional investors with access to cash as banks tightened mortgage loan guidelines and available work crews. But now, “low inventory and many buyers’ eagerness for new construction and remodeled homes has caused some buyers not to do enough checking,” says Seth Captain, managing broker of Captain Realty in the Windy […]
Dec. 26 – CVAR At A Glance
Featured Classes and Events Click here for 2019 calendar of events on CVAR.net Watch Your Email for 2019 CVAR Dues Billing! Cities Report – Nov.-Dec. 2018 Final Election Results and more in this month’s Cities Report compiled by CVAR’s Government Affairs Director, Bill Ruh. READ MORE Client Tip: No Longer Tax Deductible Now’s a good time […]
Redfin Commits to Flipping
Redfin is expanding its flipping business. The brokerage service announced that it is deepening its investment in Redfin Now, the service in which the company buys homes directly from sellers. Structured in the Inland Empire as “an experiment” in January 2017, Redfin Now has since expanded to San Diego, and recently into Orange County. How […]
March 20 CVAR At A Glance
Featured Classes and Events March 20 | CRMLS Training CVAR West March 21 | Loan Bootcamp – East March 22 | Understanding RPA – East March 23 | Financial Plan – West – Free March 24 | Mastering Your Brand w/ Social NetworX March 27 | Notary Masters Click for more classes and events Eclectic […]
Client Tip: Buying a Flip
This spring’s housing market is so tight, with a near record-low supply of homes for sale, that buyers who find a move-in ready home are ready to pounce. The better the finishings, the higher the price sellers can command. Some flippers are turning historic homes into modern, hybrid treasures, but others are slapping cosmetic fixes […]