Know When to Flip and When to Walk Away
Posted by Tom Crimmins Realty, Ltd. on
Whether you are buying a new house, or currently the homeowner and looking for a new take, it's always good to look at the bigger picture before you lay down the cash. There are buyers who will purchase a house to flip and sell again at a higher value, and then there are homeowners who renovate to list with a bigger number. Before you become either one of these, ask yourself: Is it worth it? If yes, what is the best financial way to?
Step 1: Research. Look into the pricing and benefits of renovating the room in mind. If you are a buyer looking to flip, research the neighborhood. Although you can have a great price in a least favorite neighborhood, doesn't mean it's the best investment. You may have difficulty reselling quickly despite your thousands of…
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