Evan Roberts, the founder of Dependable Homebuyers, says the real estate market in Newport News is perfectly poised for flipping houses. The We Buy Houses company based in the city and operating throughout the state of Virginia has been buying residential properties for nearly a decade. It has flipped a record number of houses in the last eighteen months. The growing inventory of distressed properties and appreciating home prices are the two major reasons why Roberts is encouraging more investors and real estate professionals to flip houses in Newport News.
According to Roberts, there are many houses in Newport News that are not in a saleable condition. These properties scattered across the city and the surrounding areas can be listed online and represented by real estate agents but ordinary buyers are not looking for such houses. In addition to these houses, there are many properties facing foreclosure. Several foreclosed properties are also up for sale. Buyers are not usually interested in foreclosure properties, which is where investors and flipping experts come in to the picture. Evan Roberts says that the appreciating home prices will ensure better value for flipped houses. The vast inventory of distressed houses also provides sufficient options for investors and professionals to consider the properties in locations they prefer and the conditions they think are manageable. Interested homeowners can read a recent press release they published at https://drive.google.com/a/dependablehomebuyers.com/file/d/1qoinJALiN-grXu1FmwvOM3Vy0Mxq3ogM/preview.
Dependable Homebuyers has been buying all types of houses, regardless of condition and location. They have the experience and expertise to determine the prospects of specific properties. Not everyone has such expertise and experience. Some investors may not be totally familiar with the market conditions. Others may not be fully aware of the nitty-gritty of flipping. The phenomenon of flipping has become very popular over the last ten years. There is a reality television series wherein teams of professionals and investors compete to flip houses for maximum profits. These flippers buy houses that have been foreclosed. They usually acquire such properties at auctions. Investors have the liberty to choose auctions or they can directly buy houses from owners, which is what Evan Roberts and his team does in Newport News.
Roberts says that the popular television show simplifies a few aspects of flipping. There can be many more challenges along the way and those interested should develop a lucid understanding of all possibilities. As a part of its information campaign, Dependable Homebuyers is producing various types of contents to help investors interested in flipping houses in the city. The company has also made available different resources to assist investors and real estate professionals. The investment firm owned by Roberts continues to buy houses from owners in and around the city. Many of these houses are flipped. According to Roberts, investors and professionals can stand to rake in a profit of fifteen thousand to thirty thousand dollars for every flipped house, if done within a span of twelve months or so. The distressed properties and appreciation of home prices in Newport News present a lucrative opportunity for those who can execute their plans well. More of Dependable Homebuyers services can be found here.
Source : https://www.pressadvantage.com/story/30528-real-estate-expert-says-the-sector-in-newport-news-is-perfectly-poised-for-house-flipping
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