Flipping Your Home To Sell? Here are 4 Reasons Why You Need A Realtor!

Flipping Your Home To Sell? Here are 4 Reasons Why You Need A Realtor!

realtors on flipping homes

There are ways that a partnership with an agent who has house-flipping experience will benefit you in all stages of the selling process.  A top-notch real estate agent or an experienced realtor on flipping homes can save you time, money, and headaches along the way. 

These Four (4) reasons explain why you need a realtor on flipping homes:

Real Estate Agents can help you to:

1. Understand your local housing market and the current market conditions.

Real estate market conditions are always shifting—thanks to factors rising and falling mortgage rates, fluctuating home sale prices, and varying inventory rates (a.k.a. months of supply of homes for sale) it’s a lot to understand. And while general national statistics are readily available online, it takes the expertise of an active agent to understand the specifics of your local real estate market.

An experienced, local agent can help you decide if flipping is a smart investment to make in your neck of the woods.

2. Scout properties and find the right buyers.

House flipping is a risky, speculative investment that offers no guarantees. You’re essentially gambling that a run-down, outdated house will sell for a projected higher value if you spend an estimated amount of money on repairs and upgrades. Agents are the excellent financial resource to help you figure out exactly how much you can afford to spend on your fixer-upper. There are a lot of numbers you need to juggle when you’re doing the financial planning yourself.

3. Determine the right remodeling projects and find good contractors.

Agents who represent multiple house flippers, or flip themselves, have also been known to strike bulk rate deals that you can get in on.  Once the home is completely refurbished and ready to list, your agent changes gears again and becomes a master at marketing and sales to get your flip sold fast and for the most amount of money.

4. Time your sale and set the right list price.

Every house has an estimated value on paper, but when it comes time to sell, it’s only worth what a buyer is willing to pay and the bank is willing to finance.  A flip-experienced agent keeps an eye on market trends during the remodeling process to help their seller set the right list price when the time comes. Along with pulling the most recent comps and assessing the value added with the remodel, you agent will factor in your expenses to ensure that you recoup your investment and make a healthy profit, too.

First-timers often underestimate the amount of time and money it takes to flip a house—and how much risk is involved in the venture. But if you partner with the right realtor in flipping homes, you’ll be in the best position to ensure that your first flip is a soaring success.

To know more information about this topic, or if you’re looking for an agent to sell your home, or realtors on flipping homes, you may call us @ 216-619-4387 visit CPD Homes LLC, we’ll be more than happy to assist!

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