Profiting on the Short Sale Flip |
| 7/17/2008 3:18:42 PM |
We have all heard of flipping houses to make money but have you ever heard of the short sale flip. Short sale processing is seeing record numbers over the past couple years because of the high amount of people in this country who have defaulted on their loans. As the sane goes, “One man’s problem is another man’s opportunity.” More and more investors are moving into the short sale flip market because the high return on investment potential.
Houses facing a short sale will be selling for under the market value. That being said within the next few years when the economy stabilizes those once cheap houses will have increased dramatically in value. While there is always the quick short sale flip for the people that find rock bottom sales even the decently priced homes will be worth much more in the future. Deciding what route you want to take comes down to the individual property. If you can make a quick ten grand in a short sale flip then why not but if the selling price is not right just wait it out.
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