Hey there, happy nesters! Can you believe that it’s already 2017? The holidays came and went in a flash! And now we are in a new year, which means the Houston area Real Estate market has changed again!
A new year means many Houston area homes will be listed for sale very soon on http://www.HAR.com! That being said, this blog post is very important especially for home flippers in and around the Houston and The Woodlands areas.
There are hundreds of new home flippers every year; some that have zero prior experience in the house flipping industry and/or real estate industry. What does this mean? Well this means that these new flippers are most likely making rookie mistakes which will kill their profits when it comes time to sell the property.
So, if you are a new (or experienced) home flipper, check out these 4 most common mistakes made by New Home Flippers. And, let’s make sure that you are not making any of these mistakes.
- Not Putting Together a Team: You must have a team of vendors from lawyers to realtors, and wholesalers to lenders. Be prepared!
- Not Vetting the GC: The majority of issues new investors have during their first flip are the result of contractor issues. Thoroughly VET your contractor!
- Not Staging: Staged homes sell up to 2.5x quicker and for up to 17% more than non-staged homes! Give me a call and I can help you with this! 832-427-2463 | Ashley@StagingTheNest.com
- Holding Too Long: The longer you hold onto your property, the more costs you will incur. Price wisely, sell the property, and collect your profits!
Before you begin, make sure you have all the right people in place to help you succeed with your home flipping business! There are always surprises when you start working on a new flip, so be ready!