The United States has taken substantial losses when it comes to the real estate market. With so much down turn in value many people have become afraid of flipping homes. You don’t have to look hard to see that all 50 states are seeing much lower property sale prices when compared to just a few short years ago. However, if we take a closer look at Dallas investment property we will find that while the rest of the country were taking deep losses in declining value , Dallas was seeing a minimal effect. Dallas’s decline was smaller and much more stable. This means that Dallas held its value much better than the majority of other regions across the country. This is important to someone that buys homes, remodels them, and resales them, in other words a flipper.
An investor that is looking into flipping homes in Dallas should consider a few things. The first thing to know is that there is a higher demand in Dallas for homes. This demand has not declined much over the years, in fact there are investment groups that are still building and rehabilitating certain parts of the city. Also, the listing prices of Dallas homes “as is” are already reasonable in comparison to similar homes of similar sized metro areas in other parts of the country. Low housing prices and a high demand for Dallas homes are two important traits in the eye of the flipper. According the investors that flip homes, you MUST sell your newly remodeled home quickly or you will obviously use all your profits in mortgage payments.
Dallas Offers Great Living Areas
Curtain areas of Texas are going through a new construction and remodeling phase. A good example of this is the Bluffview area. The Bluffview area is a great location close to amenities like great schools and great highway access which are some of the qualities that a potential home buyer will look for. People that successfully flip homes should typically look for run down property in areas of value and growth, or better yet, areas that are going to grow and increase in value, Dallas property is a great provider of these qualities.
Do I Hear A Higher Bid?
Recently Dallas Realtors have reported witnessing small bidding wars for properties. Dave Lampton, who is a Dallas Realtor, reports that his two clients were out bid by another Realtor’s clients in two separate incidences. This is a flippers dream come true! Its almost safe to say that most other sellers across the nation are just happy to get someone to look in the direction of their home. This illustrates that the demand for homes in Dallas can make great Dallas investment property. This demand for Dallas homes can also provide a lower risk for the investor when compared to most other parts of the country.