Do you watch Flip this House or any of the cable shows where people buy houses at an unbelievable low price – do some basic improvements and make a profit of $50,000 for a month’s work? I’ve seen them and wondered -“Why can’t I do that?” Well, maybe because it’s reality TV, but not a reality I can duplicate. First the definition of Flipping? RealtyTrac, a housing data firm, defines it as a house that is purchased and re-sold in a 6-month period. According to that criteria, there were 322 flips in Des Moines area in 2012. That number dropped to 226 in 2013. So, you might ask, is that a good thing or a bad thing for our local economy? I think it’s a good thing and reflects the strength of our local economy. Our local real estate market has not had the extreme fluctuations that other parts of the country have had. A few things to learn from this.- The local inventory of houses for sale is low.
- There are qualified buyers ready to purchase a house.
- If you’re thinking of flipping – fewer bargain-basement prices means you might need to flip more houses with a smaller profit on each.
- If you’re a “regular” buyer or seller – this is a great time to act.
The Eisenlauer Team now has 3 full-time Realtors
to better serve you.
Our 15′ cube van in available for you to use in the Des Moines area.
Bob 979-2883 Bill 770-2455 John 783-4837
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