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Price Your Home To Sell, NOT to Sit! #TimeToSell #5StarREALTOR

HGTV-Inspired Flippers Get Harsh Dose of Reality    My Los Angeles County Real Estate BLOG   My Ventura County Real Estate BLOG
 Investor Fix & Flip-Bidding Ends SOON!   #ChrisBJohnsonRealtor
Share Inspired by reality TV shows on HGTV and other outlets, a new generation of home flippers has been in the market in recent years. These investors hope to make over properties and then make a tidy profit off the sale. But for many, flipping hasn't exactly been made-for-TV.
This is one segment of the market where real estate agents should counsel extra caution.
“Many newbie investors are encountering their first slowdown and facing losses from houses that take too long to sell,” Bloomberg reports. “Meanwhile, they face steep payments on a kind of high-interest debt—known as ‘hard money’ loans—that helped power the boom.”
In the fourth quarter of 2018, about 6.5% of U.S. sales were from flips, or homes sold within a year from a prior transaction. CoreLogic, a real estate data firm, says that marks the highest share in seasonally adjusted data, dating back to 2002. That means even higher than the housing boom days.
Western markets, like Northern California and Seattle, are seeing some of the highest number of flips because prices there have been climbing by double-digit ... more

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