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Investors are Buying Nearly 1 Out of Every 5 Residential Homes

Investors are getting homes back on the market!

Can you imagine where we would be without all the folks that “Flip” houses? How many homes are purchased that are in disrepair, that once they are renovated and re-sold, bring us new neighbors.

I constantly have mortgage clients that are buying the finished product. The home inspections usual indicate that the homes are in great condition and if there is an issue, they are normally very responsive to getting something corrected.

I have seen folks that see a TV program about house flipping and say, I can do that. The business is not for the novice, it takes knowledge and financial stability. The folks that do it well, are priceless. They are entitled to make a profit, as they take the financial risk.

All will share, not every home, when finished and sold, has made a profit.    

Investors Are 18 Percent of Current Residential Market

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jane October 15, 2012 at 08:44 AM
Daniella - if you think 'flippers' are a menace to society why don't you get your self in the mix and do it 'right', the way you think it should be done. Or is it just easier to sit back and complain about that which you know nothing.
Patrick Pryor October 15, 2012 at 12:03 PM
I find that these shows are generally filmed in far less expensive area of the country, which is about 99% of it. I have seen many times how lead and asbestos are handled by flippers, illegal. Many don't even meet minimum standards and just hide issues and hope for the best.
Buthy October 16, 2012 at 04:13 AM
All the people we have met, in the last 15 years, in neighborhoods that we have rehabed a house in, welcome us with open arms. If you had a house in your neighborhood falling into disrepair, bringing down your property values, would you rather have it sit, bringing down your property values or would you rather have someone come in, fix it up, sell it for a price that would increase your property values and enhance your neighborhood? It is a combination of risk AND alot of hard work and a service to cleaning up a neighborhood. I do have a 3 generation family that live in the town that I run my business in for over 50 years.
Paul Bahre October 16, 2012 at 12:11 PM
Real Estate speculation, especially in these times is a crazy dangerous game. Ok if you have gobs and gobs of cash that you don't mind investing with no chance to turn dime one in the next 5 years or so then yeah get in the game. The market at this time will not support the quick flips unless your getting the properties for a song even then you need to sell them for a song and a meal.
Peace Maker October 21, 2012 at 05:59 PM
Looks like investors are going to continue to be a major factor in the realestate market as Connecticut home sale prices fell 2.9 percent in September from a year ago while unit sales climbed 2 percent, according to RE/MAX of New England. In a recent Norwich Bulletin article, ( By JAMES MOSHER, in the Bulletin, Posted Oct 17, 2012- http://www.norwichbulletin.com/news/x2051151191/Connecticut-home-sale-prices-fell-2-9-in-September#ixzz29xQxq8TZ) Connecticut and Rhode Island, which have the highest employment rates in the region, were the only two states where prices declined, with Rhode Island showing a 7.1 percent drop. While the situation is not improving in Eastern Connecticut, Rhode Island does not appear to be better off.

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