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From Our February 2016 Newsletter:
What's the Deal with Flipped Homes?


Americans love their home improvement and design shows. With entire channels dedicated to DIY, home decor and design, and everything related to U.S. real estate, we love the possibilities that lie within the real estate market in America. One popular aspect of many shows and publications is home or house flipping. We hear a lot about flipping homes, but what does that really mean? Is it feasible for everyone? Are there risks? Should you buy a flipped home, and what questions should you ask if your property search lands on a potentially flipped property? More info.


February 2016

 

2016’s not such a New Year, already  . . . but it’s rolling right along just like 2015 – no perceptible break in the action. The Hetrick Team is busy as can be, having just completed its second-best January in 18 years. Buyers are buying, and not wasting any time doing so. Sellers are already listing, and last year’s and this year’s inventory is steadily going under contract. It seems like a good listing agent just can’t have too much inventory these days!

 

As we noted last month, the housing market had three big questions heading into the Spring:

 

          Will listing inventory levels rise to meet demand in the first quarter? Not yet, so far.

          What impact will the specter of rising interest rates have on how quickly buyers hit the market this year? They are out in force, so far.

          How will the upcoming presidential election affect real estate, and when will we begin to feel those effects? That is still to be determined.

 

So, what does that mean to you? Well, if you are wanting to sell, you may want to go ahead and talk to us now. Sooner is likely to be better than later this year.

 

If you are a buyer, it means you need to be monitoring the market now, getting together with a lender and an agent and preparing your plan for action. Good homes priced right are not likely to linger this Spring, and the folks who are prepared to move quickly will be in position to grab these homes as they come available.

 

Sellers: The planning and preparation you do now will put you on solid footing and ahead of the game as Winter becomes Spring.  Sellers who are ready to list their homes in February will beat most of their competition to the market. And you certainly don’t want to miss having your home active before Spring Break, which will get here a lot sooner than you think. Most folks need to do at least a little sprucing up, and we are here to help you figure out what to do now that the decorations have come down. A little planning now can save you a lot of time later. Don’t forget: We go the extra mile to help our clients prepare their homes for the market; price them right; stage them well; and we invest wisely in professional photography, video and effective online marketing.

 

Buyers: New financing and closing regulations mean longer waits between contract and closing, so don’t assume you know what to expect. A lot has changed – in 2010, and again two months ago, so if you have not been in the market in several years, you’ll find our buyer orientation programs useful and beneficial. Also, buyers need the freshest, most accurate info on homes for sale to take advantage of sometimes brief windows of opportunity when the right home hits the market.  And, that’s what The Hetrick Team does well.  We make sure our buyer clients are ready to buy—prepared, poised and ready to go.  Our buyers stay a step ahead of the market.

 

As we have been for 18 years, we are here to help. Just give us a call or drop us a line.


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Each RE/MAX® Office is Independently Owned and Operated. Equal Housing Opportunity.


The Miracle Home® Program, exclusive to RE/MAX LLC., allows a RE/MAX Associate to make a donation on behalf of each transaction to Children's Miracle Network. The partnership underscores Sales Associate involvement in the communities in which they live and serve. RE/MAX Sales Associates are unique in that a majority of the donations received by Children's Miracle Network from RE/MAX are the result of Associates, hard work rather than solicited from customers.

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