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 static. Roberts also says that flipping houses can secure a profit in the range of fifteen to thirty thousand per project. This is a handsome return on investment. Interested homeowners can read a recent press release they published at https://docs.google.com/document/d/1vvWF_gE4CK-UW9wQhmpm7twIbicdM0SZvOoLZnpEbAw/preview.
Most houses can be flipped in just a few months. Some can be flipped in a few weeks. While there are many who are skeptical about such quick flips as they tend to have an adverse effect on the real estate sector and the housing marketing particular, there is no rule that prevents investors from taking such an approach and the faster turnaround time paves the way for greater annual profits. One can flip many more houses if the turnaround times are cut short. Roberts is encouraging investors to explore such opportunities in and around Washington D.C.
For more details, contact Dependable Homebuyers directly.
Dependable Homebuyers is an innovative home buying company. It has been working on the ground and is well aware of the market conditions. This level of familiarity may not be a given for all investors and professionals. Hence, Roberts issues a word of caution for those who have to spend some time to become familiar with the local real estate market. Investors should pick and choose properties that are worthwhile. They should be conscious of the locations and the magnitude of risk. Investors should not put in more money into a property than necessary. There should be a well planned approach to flipping and it must factor in all possible eventualities. Only then can investors have a predictable experience and secure a desired profit.
Roberts and his team at Dependable Homebuyers has launched an information campaign. The firm is also developing new services that can change how real estate deals work. It has already transformed how homeowners sell their houses. They are now preparing to take their services to a whole new league and be of assistance to investors and fellow professionals in the industry.
Source : https://www.pressadvantage.com/story/30529-expert-says-the-real-estate-market-in-washington-d-c-is-hot-for-house-flipping
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