It wasn’t too long ago that, if you planned on selling your home, you also had to plan on holding an open house.
This was just a given.
The Internet has changed that, though. Thanks to online listings with detailed photos and even videos, more and more homeowners are wondering if open houses are even worth it anymore.
And now with social distancing in play, you may also be wondering if it's worth the risk?
Swipe through my post today to see the benefits of having an open house.
Need more info?
Send me a message! I am happy to chat all things real estate.
SHARE this post with another home seller!
It wasn’t too long ago that, if you planned on selling your home, you also had to plan on holding an open house.
This was just a given.
The Internet has changed that, though. Thanks to online listings with detailed photos and even videos, more and more homeowners are wondering if open houses are even worth it anymore.
And now with social distancing in play, you may also be wondering if it's worth the risk?
Swipe through my post today to see the benefits of having an open house.
Need more info?
Send me a message! I am happy to chat all things real estate.
SHARE this post with another home seller!
Relief. Excitement. Gratitude. It's a rollercoaster ride I love supporting my clients through!
Have you ever thought about flipping a house? I'd love to chat with you and answer any questions you have!
Done the right way, a house flip can be a great investment. But it can just as easily cost you thousands if it’s done the wrong way.
Things to remember:
1) Unless you can pay cash, the financial risk of house flipping is might not worth it with added costs for interest, a rush to sell to avoid carrying costs and debt holding you back.
2) Find a real estate agent with years of experience in your area. Your agent can help you target your home search to the right neighbourhoods based on your price point, budget for renovations, and desired profit.
3) Know your price range for purchasing a home, making any repairs, completing renovation projects, and paying selling costs before you seal the deal.
4) it’s important to know your budget up front and then make sure your updates stay on track and actually boost the value of the home.
5) Whether you’re buying a house to live in for years or to flip in six months, a quality real estate agent can provide the market knowledge and practical guidance you need to make a smart investment.
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So... you want to flip a house? Here are 8 tips to get started on your first flip!
Research and find the ideal market. Look at more than just the price tag of the home; do a deep dive on the neighbourhood too!
Set a budget AND a business plan for your flip. It doesn’t have to be fancy, overflowing with obnoxious corporate-speak lingo. But it has to include a budget, a timeline, and project scope.
Confirm your house flipping financing! The last place you want to be is “Great, my offer was approved… but how do I actually come up with the money?”
Network with contractors. Unless you’re doing the work yourself, half of the house flipping business is simply building a network of contractors, a home inspector and a great realtor!
Find a house to flip! Remember: As tempting as it may be to compromise, stand by your house flipping business plan! If the numbers don’t meet your minimum, or the project scope is larger than what you’re comfortable with, keep looking.
Buy the house. In the beginning, you should stick with cosmetic repairs and updates on a home that is structurally and mechanically sound.
Renovate. The faster you can complete the renovation project, the faster you get your payday while reducing the costs to flipping a house.
Sell! - and make sure to lean on your realtor’s expertise for pricing.
Learning how to flip a house and doing your first deal can be stressful. Lean on other experts, from your lender to your contractors, to your home inspector, and your Realtor.
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I strive to provide the best in customer service and as a current resident of London, I know the landscape well.
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