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Expert says the Real Estate Market in Washington, D.C. is Hot for House Flipping
Dependable Homebuyers has ascertained that the Washington D.C. real estate market is hot for flipping houses. Evan Roberts, the owner of the We Buy Houses company, says that the conditions are right for investors and real estate professionals to explore the expanding inventory of distressed houses to flip them within a span of a year. Roberts says that the prices of homes in the city and the surrounding areas have been appreciating steadily in the last two years. Some neighborhoods are undergoing gentrification. Many old properties are being put up on sale by their owners. But not all communities want gentrification of neighborhoods. Flipping individual houses can hence be a substantially profitable venture for both professionals and investors.
Dependable Homebuyers has been buying houses in and around the city for almost a decade now. Many houses purchased by them over the years have been flipped for a profit. The company recorded its best ever year in 2018. Roberts expects 2019 to be even better. He explains that the prices of homes are unlikely to stagnate in the short term. This means flipped houses will be subjected to sufficient value appreciation. This is crucial as those flipping houses do not want prices to remain ... more

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