This report is a must for all potential investments!
Avoid "House Flipping" by using FTI's Home Risk / Fraud Reports
Because our experience has shown us the value of determining whether a house has been flipped too much, Foreclosure Trackers offers a Home Risk / Fraud Report as one of our many great nationwide products. One of the biggest mistakes in foreclosure investing is to overvalue a property. If a home you intend to purchase has been passed around like a hot potato, we think you should know about it!
“House Flipping.” Most of us have heard the term before, but what exactly does it mean?
House Flipping is the process of buying a home for a value less than or equal to the home’s worth, and then selling the home at a higher value. By doing so, the seller usually earns a substantial profit. Is there anything wrong with this picture?
Buying low and selling high is a cornerstone of making money, so we can’t attack “house flipping” from that standpoint. However, Foreclosure Trackers wants you to know that when a house is flipped several times in quick succession, it can often be evidence that fraud has affected the property’s current market value. As a real estate investor, you should be aware that today’s market is in a state of what we call “correction.” We cover the causes of the market crash in greater detail in our Home Study Course, but here’s the gist of things: Real Estate fraud helped to overinflate past where they should have been, which is one reason why we see home values dropping all across the nation.
What this means as far as “flipping” is concerned is that the more a house was bought and resold, the less accurate we assume its current market value is. With every successive purchase and resale, there is a greater chance that the property’s value was set at an artificial high in order to command a higher asking price.
[ Order a Home Risk / Fraud Report ] This report is a must for all potential investments!