Holiday House Flipping: What To Know
With the holidays just around the corner, there’s no doubt that most people are busy preparing for the festivities. However, for the budding real estate investor, this could be the perfect time to take advantage of the market. With the right strategy, flipping houses during the holidays can be both profitable and enjoyable. And with the guidance of your friendly local hard money lenders, you can elevate your chances of succeeding in this venture. Read on to find out more about how you can turn the holidays into a favorable time to start flipping houses.
Less competition
If you’re looking to buy a property to flip, the holidays are an excellent opportunity to get ahead of other investors. Many people take a break during the holiday season, meaning there are fewer buyers in the market. Plus, with the pandemic, more people are staying indoors, which can also lead to less competition. With fewer investors to compete with, you can negotiate better deals with sellers who are motivated to sell their property quickly.
Discounted Properties
The holidays can be an ideal time to buy properties on the cheap as there are plenty of homeowners who are eager to sell their property before the year ends. Most of these properties have been on the market for a while, and the owners want to get rid of them. Properties that may have been outside your budget may be more affordable, leading to higher profits when flipping.
Motivated Sellers
If you’re looking for motivated sellers, the holiday season can be the perfect time to find them. People often want to start the new year with a clean slate and may want to dispose of their property before the year ends. Since most homeowners don’t want to have family, friends, or new buyers coming through their house during the holiday season, they tend to be more motivated to sell.
Higher Profits
Houses in certain locations tend to sell faster and at higher prices during the holiday season. With fewer properties on the market, you can set a higher price point and still have buyers who are willing to purchase your property. You can also take advantage of holiday decorations and ambiance to create a warm and welcoming environment for potential buyers. These features can result in a quick sale, translating to higher profits for you.
Support from Local Hard Money Lenders
Working with a local hard money lender can make holiday house flipping even more enjoyable and profitable. Hard money lenders have experience in the real estate industry and can provide you with the capital you need to purchase and renovate your property. They can also provide guidance on the current market trends, helping you make informed decisions when investing in real estate.
If you’re looking to get into the real estate market, the holidays could well be the perfect time to start flipping houses. With fewer buyers, motivated sellers, discounted properties, and a higher chance for profits, there’s no reason why you shouldn’t take advantage of the holiday season to make a move in real estate. FlipCo Financial is here to serve as your local hard money lender to help get you the funding for your next property investment. Our team of expert hard money lenders will get you the funding you need to achieve project success. Contact us for a free quote on your loan.