U.S. Home Flipping Drops Below 5 Percent of All Sales in the Second Quarter of 2014 to a 2-Year Low - Seite 2
Flippers face low inventory and rising prices in Seattle, Southern California
"We are seeing a lot of interest in the speculative market by investors looking to capitalize on
rising home prices in Seattle, but the challenge they're running into is inventory. We currently have about one month of inventory in Seattle, so competition for homes is fierce, and many homes are
selling for well above asking price," said OB Jacobi, president of Windermere Real Estate, covering the Seattle market. "This means investors looking to flip a home and make a
healthy profit must think outside the box. Gone are the days of lipstick-on-a-pig flips -- today's flips must be total remodels from the studs out with high-end finishes, built-out basements and
additional square footage. Those are the homes that are bringing the most return on investors' dollars in Seattle."
Lesen Sie auch
"Our market has seen a large amount of property flipping over the last three years as investors made up a large segment of our market with a lot of international money flowing in as well. The properties have seen large appreciation in average and median sales prices so the investors have had a good return on their money and risk taken," said Steve Rodgers, CEO/president & owner of Real Living Lifestyles, covering the San Diego market. "We are seeing some of the investor market slow down due to an increase in inventory and prices pushing some flippers out of the market, but real estate still remains a great investment no matter who is jumping in!"