Are you familiar with the words "fix and flip?" If not, then you're probably living in a very far and secluded place.
Also known as rehabbing, the business of fixing and flipping homes has taken the country by storm.
Everybody seems to be talking about it as more and more people are getting hooked on renovating old and undervalued homes for profit.
Doing a fix and flip project, however, is not all about the repairs.
There is more to transforming an ugly house into a work of art.
Because you need to recover all the money you spent on buying and renovating a fixer upper home, you have to find someone who will pay generously for your rehab project.
Therefore, you have to create good marketing strategies to attract the attention of prospective buyers.
As we all know, marketing is also an important aspect of doing a fix and flip project.
It allows you to gain the attention of your intended market and one good way to do that is to advertise the "product" that you are selling.
However, many rehabbers, especially the neophytes, are wondering when the best time to advertise a rehabbed property is.
Because first impressions are very important when fixing and flipping properties, many seasoned real estate investors caution against advertising a rehab project the moment you buy it from its previous owner.
A house with a leaking roof, yellowing bathroom tiles and sinks, clogged toilet bowls, and crumbling walls is not exactly the site you want your potential buyers to see.
Trust me, seeing a property before it has been renovated will surely scare the buyers away.
In addition, all sorts of smell emanating from an unused house will also turn them off.
Even you wouldn't be able to take it.
How about while the repairs are on-going? Putting a "for sale" sign on the yard while your team is busy doing the repairs is not exactly a good idea.
First, it may disrupt the rehab work as it could attract an unwanted inspection from the local building code enforcers.
Second, inquiring buyers marching in and out of the property might distract your rehabbing team.
Such an occurrence is counterproductive because you might be unable to finish the repairs on time.
Therefore, the best time to advertise a fix and flip [http://rehab-real-estate.
com/rehab-real-estate-articles.
htm] project is when the repairs are 95% complete.
This way, you don't have to endure unnecessary interruptions, thus, allowing you to sell your fix and flip project on time.
Also known as rehabbing, the business of fixing and flipping homes has taken the country by storm.
Everybody seems to be talking about it as more and more people are getting hooked on renovating old and undervalued homes for profit.
Doing a fix and flip project, however, is not all about the repairs.
There is more to transforming an ugly house into a work of art.
Because you need to recover all the money you spent on buying and renovating a fixer upper home, you have to find someone who will pay generously for your rehab project.
Therefore, you have to create good marketing strategies to attract the attention of prospective buyers.
As we all know, marketing is also an important aspect of doing a fix and flip project.
It allows you to gain the attention of your intended market and one good way to do that is to advertise the "product" that you are selling.
However, many rehabbers, especially the neophytes, are wondering when the best time to advertise a rehabbed property is.
Because first impressions are very important when fixing and flipping properties, many seasoned real estate investors caution against advertising a rehab project the moment you buy it from its previous owner.
A house with a leaking roof, yellowing bathroom tiles and sinks, clogged toilet bowls, and crumbling walls is not exactly the site you want your potential buyers to see.
Trust me, seeing a property before it has been renovated will surely scare the buyers away.
In addition, all sorts of smell emanating from an unused house will also turn them off.
Even you wouldn't be able to take it.
How about while the repairs are on-going? Putting a "for sale" sign on the yard while your team is busy doing the repairs is not exactly a good idea.
First, it may disrupt the rehab work as it could attract an unwanted inspection from the local building code enforcers.
Second, inquiring buyers marching in and out of the property might distract your rehabbing team.
Such an occurrence is counterproductive because you might be unable to finish the repairs on time.
Therefore, the best time to advertise a fix and flip [http://rehab-real-estate.
com/rehab-real-estate-articles.
htm] project is when the repairs are 95% complete.
This way, you don't have to endure unnecessary interruptions, thus, allowing you to sell your fix and flip project on time.