Selling Your House During a Downsize

While the housing market may still be recovering, some investors have made their predictions and invested in house flipping companies. House-flipping companies purchase houses at discounted prices, renovate them and then resell them – allowing you to benefit from any increase in value due to upgrades made. Before selling your home though, you need to know how to locate a qualified house-flipper, how the process works and what should you expect when selling it.

  1. Finding a House-Flipping Company

There are many house flipping companies, such as Keller Williams Realty, that pay professional brokers to list homes for sale. Some are legitimate but many scam you out of your profits. In order to guarantee you make a reasonable profit from selling your home and benefitting from any profits generated from selling, it’s essential that you know where to locate an honest house-flipper. Click here to view our business intelligence reports:

  1. Finding Legitimate House-Flipping Companies

The best place to locate a trustworthy house flipping company is at investor conferences. There are two categories of investors: novice and professional; novices have been in the market for less than five years and may not have their own money or client list yet. Professionals possess both funds and clients, often dealing in hundreds of homes simultaneously at events like ReMax World conference or National Association of Realtors Annual Convention. You can find these professionals at either ReMax World conference or NAAR Annual Convention.

  1. Finding a House-Flipping Company that Buys Houses

You need to first decide what you want out of the transaction. Common reasons for selling your home include moving, leaving it vacant, or making repairs before reselling for profit. House-flipping companies purchase homes for all these reasons and more.

  1. How house-flipping companies generate profits

House flipping companies make money by purchasing your property and then making improvements, in the hope that the increase in value will more than make up for their investment. Furthermore, they pay out-of-pocket for closing costs and moving expenses – further decreasing their profits.

  1. How to negotiate a better price

Many people who have been told that their property is worth more than their neighbors’ are pressured into quickly agreeing to a lower price because they think that the house-flipping company will pay them the full asking price if they don’t make an offer soon. Negotiate a better price, and then you can decide whether to accept it or not.

By Yna