The owner of an innovative home buying company Dependable Homebuyers, Evan Roberts says that the real estate market in Baltimore is hot for flipping houses. The We Buy Houses company has been flipping houses for nearly a decade now. The investment firm acquires all types of residential properties throughout Baltimore and elsewhere in the state of Maryland. They buy houses from owners and take charge of renovating the properties so they are saleable in an open market or to investors among other buyers. Flipping houses is not new but simple rehabbing of properties does not qualify in every scenario. A house bought, renovated and sold in a span of twelve months or less is flipping. Other forms of rehabbing are midterm to long term investments.
Evan Roberts highlights the large inventory of distressed properties and the appreciating home prices as the two main reasons why real estate professionals and investors should consider flipping. There are innumerable houses in and around the city that are not saleable in their present state. New home construction is falling short of meeting the expectations of buyers. Many buyers are being compelled to consider pre-owned properties but most houses require extensive repairs and many warrant major improvements. This is where flippers can churn a profit. Distressed properties can be purchased for less and they can be flipped in a few months with some smart renovations. Those who have been flipping houses in Baltimore are securing profits in the range of fifteen thousand to thirty thousand dollars per property.
Roberts uses the appreciating home prices as a solid reason to consider flipping. The dearth of new homes for sale and the conditions of pre-owned properties are driving up the prices of houses that are saleable in the exact state they are in. If investors or real estate professionals can acquire the residential properties in poor conditions at favorable prices, make some wise changes and a few upgrades then the value of the property shall be subjected to considerable appreciation. This can make way for a handsome profit in a very short span of time and little work. What it takes is expertise in flipping houses. Those with experience, lucid understanding of the ground realities and awareness of the current market conditions can easily use the many factors to their advantage. Interested homeowners can read a recent press release they published at https://drive.google.com/a/dependablehomebuyers.com/file/d/1cfPd9d8Kg0Le06TPhEFhFcpNHiZ9D1fP/preview.
Flipping houses has become increasingly popular throughout the country. There is a reality show based on flipping houses where six teams of investors and real estate experts compete to churn the maximum profit through such ventures. While the televised series may simplify several aspects of flipping houses, the show indeed reflects how flipping has become popular and that those with sufficient investment capacity and expertise in the real estate sector should explore the opportunities. Investors can buy foreclosed homes at auctions. They can also buy houses directly from owners. Many distressed homeowners want to find a direct buyer. They are unable to find buyers through realtors and listing services. According to Evan Roberts, such deals can be great for flipping. For more details, contact Dependable Homebuyers directly.
Source : https://www.pressadvantage.com/story/30527-evan-roberts-says-baltimore-real-estate-market-is-ripe-for-house-flipping-in-baltimore
Previous ActiveRain Post: http://activerain.com/blogsview/5407460/real-estate-expert-says-the-sector-in-newport-news-is-perfectly-poised-for-house-flipping
Dependable Homebuyers’ ActiveRain profile can be viewed here: https://activerain.com/profile/dependablehomebuyers/
Dependable Homebuyers’ ActiveRain blog can be viewed here: https://activerain.com/blogs/dependablehomebuyers
1402 Belt St, Baltimore, MD 21230