Bank Owned Homes in South Tacoma make great flips, paid $85,000 sold $179,000
When you think of a classic Victorian beauty this home would come to mind. This home was bank owned just a few months ago and on the market for $85,000. It was purchased and it was improved and put back on the market a few short months later. It was easy to do because it has great bones. It was put back on the market for $179,000 and received 2 offers. I want to show you how you can still make MONEY in our current economic climate flipping houses; this home is living proof.
Bank Owned Homes make great flips because Tacoma has great period houses with style. Some of the best types of homes to flip are homes with character. If you are a savvy investor, or a seller needing to sell a home quickly you can learn a thing or two by taking a look at the video in this blog. You will see for yourself a great tour of every room. You will get some great ideas on how to stage and make a good house become a "I have got to have it now house" or in this case (2) buyers wanted it. They were willing to pay almost $100,000 more for the same home that was owned by the bank only a few short months ago and selling for $85,000.
The second reason Bank Owned Homes make great flips is, South Tacoma in many cases is an over looked community on the rise. The South Tacoma area has had lots of recent investment by owner occupied buyers as well as investors, and many of the neighborhoods are showing a lot of neighborhood pride. Many of the homes have been and still are being renovated.
The third reason Bank Owned Homes make great flips is, the convenience to everything. For the most part South Tacoma is very centrally located. It is only 30 minutes from Seattle, and 15-20 minutes to the military bases. Everybody is looking for convenience and in South Tacoma you have just that. One the largest shopping malls in the area is located in South Tacoma, "The Tacoma Mall".
As you watch the video in this blog notice how this home is perfectly staged. Just enough; home staging does not have to be a fully furnished home. Just enough accent to show off the great features. By using art and a few furniture pieces and accessories the stage is set. They did a great job with this home. You really get a great emotional appeal the moment you enter the door. Always remember to try to appeal to as many of the senses as possible. The eyes, the nose, and even to the sense of sound. The sound of water, the sound of soft music. All of this can really help when selling your home quickly. You can't overlook the fact that upgrades and improvements went along way in making this home the jewel it is. The kitchen boast of great granite counter tops and great cabinets, the kitchen is always the heart of any home.
One final reason Bank Owned Homes make great flips is, when buying in South Tacoma you can afford to price it right. In this market that is the bottom line.
Looking for a deal like this? We can help, We love Tacoma and We are always looking for great homes such as this one for our clients.
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