Our Transaction Policies

We send a notice to anyone who wants to utilize our services to sell their property BEFORE we will even consider an employment agreement, particularly for sales of vacant land. These policies have become necessary in a global economy, where scammers can be located anywhere on the planet. Out of our legal jurisdiction. So you’d get an e-mail that looks like this:

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Dear [Customer Name]:

We are looking forward to working with you to sell your property.

As part of our company policies (in accordance with licensing law & regulations duties) we ask you to review our policies listed below and reply to to this communication with the statement, “I agree.”

We are unable to list any property unless you first agree to these terms:

We will be conducting an exhaustive title search to confirm the rightful ownership of the property at the cost of the seller.

We require a copy of the seller’s latest property tax bill and the most recent proof of payment.

We require an in-person meeting or video conference with all sellers.

A “For Sale” sign with our contact information must be posted on every property we list, including the name of our listing agent and a phone number where we can be reached (unless prohibited by law or HOA or Condo Assn.)

We require all clients use one of our approved notaries public. If you are located out of our immediate area, we will provide a list of approved Notaries Public to you.

All transactions are subject to a minimum 48 hour hold before funds will be released. If the 48-hour period ends during a holiday or weekend, funds will be released on the next business day.

Sincerely,

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House Flippers Operating on Smaller Margins

Which means that YOU, Mr. & Mrs. Buyer, may not be aware that a home offered for sale may be “a flip.”

You’ll definitely need to have a potential home purchase inspected, even if it’s a new build!!! In flipped properties the flipper may have taken shortcuts & thereby covered up potentially expensive defects. Even flippers are required to disclose known defects when selling properties. Many people just don’t want to remodel a property themselves. You could make yourself some sweat equity though if you are willing to do it right. That means finding a property that needs some work but you could purchase it for less than replacement value. Then take it down to the studs, and do it right. It will pay off when you resell.

NEW Law in Florida Requires Flooding Disclosure

As of October 1, 2024, sellers in Florida are required to disclose previous flooding on a property they sell. This includes any insurance, flood insurance, or FEMA claim. After what we’ve just been through with back to back hurricanes Helene and Milton, this is vitally important if you need to sell your property, even as is. Disclose.

For Up-to-Date Real Estate News Follow Me on Facebook

While I am upgrading this site please visit me on Facebook where I post the most recent news concerning real estate investment.

Coming improvements include the ability to fill in online forms to order financial reports for your real estate investing. Over the course of my career I have invested in sophisticated software for property analysis and production of many types of reports to assist you in making your best decisions. The one thing software cannot do is use its best judgment regarding assumptions necessary to accurately determine outcomes based on your circumstances.

 

Home Flipping Hit a 10-Year High in 2016

“Home flipping was hot in 2016, fueled by low inventory of homes in sellable or rentable condition along with a flood of capital — both foreign and domestic — searching for the returns and stability available with U.S. real estate,” ATTOM senior vice president Daren Blomquist said. “The combination of more home flips and a greater share of financing for flip purchases resulted in a 19% jump in the estimated dollar volume of financing for home flip purchases, up to $12.2 billion for the flips completed in 2016 — a nine-year high.”

“Investors in search of flipping returns are increasingly willing to move to secondary and tertiary housing markets and neighborhoods with older, smaller properties that are available at a deeper discount,” Blomquist continued. “Given that many of these markets are more affordable, we are also seeing a higher share of the flipped homes sold to FHA buyers, with that share reaching a four-year high of 19.6% in 2016.”

“And it’s no wonder more investors are joining the home flipping market. The average home flipped sells at $189,900, a gross profit of $62,624. This is a 49.2% return on investment, an all new high for the report which dates back to 2000”

Source: HousingWire, 2016 Year-End U.S. Home Flipping Report by ATTOM Data Solutions

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