Flippers Return to Asheville Real Estate

Investors are taking on flipping homes, even with falling home prices and sluggish real estate markets across the country. But investors feel there are still profits to be made in the Flipping of Homes.

Almost a million homes were bought as investment last year and a record number of buyers purchasing properties with cash currently are flooding the market.

Flipping homes for profit is easier in rising markets, but not many markets are reporting increases in home prices however Asheville, Waynesville, Maggie Valley and Weaverville Homes are not going up but not declining as fast as other areas. So the question is where do you find the deals?

Flippers in the Asheville area mostly are finding their homes through foreclosures auctions, REOs, and short sales. They seek homes at rock-bottom prices that will have low fix-up costs, no more than about 5 percent or 10 percent of the purchase price.

 There is money to be made in real estate still but you need a good real estate broker on that is willing to go that extra mile and find those great investments.

 With Mortgage rates continued continuing upward for the fourth consecutive week they still have remained below 5 percent for eight straight weeks now, helping to maintain affordability in the housing market. For those that are investors but cannot pay cash there are still opportunities available.

 Maggie Valley, Waynesville and Asheville Real Estate can be excellent for investment by buying and place the home into a rental management program or long term lease allowing time for the home to increase in value and cover you cost.