Tag Archive | keller williams realty

House Flipping: Risky but Profitable

house-flip

With mortgage rates expected to rise this Fall, house flipping will become riskier due to the fact that the buyer pool will be shrinking based on higher income needs for buyers to qualify for their loans.

Flipping, which is generally defined as buying and selling a home in the same calendar year, was popular during the housing boom when investors could get easy mortgage financing but this time, investors need cash.  As housing prices decline and distressed homes dry up, the investors would demand more cash.

According to RealtyTrac, home flips made up just 4.5% of sales in the second quarter of this year, down from 4.9% a year ago.  However, the gross return on investment, increased to nearly 36% which is up from 24% from one year ago.

Daren Blomquist, vice president at RealtyTrac said, “Despite the rise in flipping returns in the second quarter, home flippers should proceed with caution in the next six to 12 months as home price appreciation slows and a possible interest rate increase could shrink the pool of prospective buyers for fix-and-flip homes, while average flipping returns are up substantially from a year ago at the national level and in moderately priced markets such as Miami, Atlanta, Phoenix and Minneapolis, flipping returns are softening in some of the higher-priced markets such as San Francisco, Seattle, Denver and Los Angeles.”

Nevada and Florida, where the share of distressed homes are still relatively high, are still seeing the most flipping action, but Chicago, Dayton and Baltimore offer some of the best gross returns.

Fall Home Design Trends

autumn-fall-2015-home-design

It’s that time of the year when summer ends, leaves start to fall, and cozy sweaters are almost in.  The latest home design trend is to fill your homes with earthly neutrals and bold color statements.  This is the perfect time to bring these on-trend hues into your home.

With your favorite fall colors in mind, choose pillows and throws in various textures and patterns. This is the easiest and most budget friendly way to transition your home to the cooler seasons.  Next, use your senses by bringing in the golden hue of fall sunsets with ambient lighting from tabletop lamps, candles, and lanterns.  Instead of using your overhead lights, you can use lamps to give it a warm glow.

Remember the rule of three.  Feature your fall décor in threes, for example by having three candlesticks, three vases, or three decorative figurines.  You’ll see that these are much more impactful together than on their own.

Northwestern Vermont Real Estate Market Update – August 17, 2015

Mount_mansfield_20040926
Chittenden County
Active: 919
List Price Sale Price SP/LP DOM
Avg $447,771 132
Median $365,000 78
Active YTD 2014: 1,049
List Price Sale Price SP/LP DOM
Avg $293,078 79
Median $259,900
Pending: 278
List Price Sale Price SP/LP DOM
Avg $309,903 76
Median $279,950 32
Closed YTD: 1,205
List Price Sale Price SP/LP DOM
Avg $303,965 $298,796 0.9829947527 83
Median $274,450 $270,000 0.9837857533 36
2014 Closed YTD: 1,068
List Price Sale Price SP/LP DOM
Avg $298,787 $292,623 0.979369919 79
Median $264,900 $259,700 0.9803699509 32
Multi-Family
Active 52
Pending 16
Land
Active 170
Pending 13
Franklin County
Active: 535
List Price Sale Price SP/LP DOM
Avg $245,663 160
Median $226,900 98
Pending: 78
List Price Sale Price SP/LP DOM
Avg $204,135 96
Median $189,900 49
Closed YTD: 296
List Price Sale Price SP/LP DOM
Avg $199,412 $194,320 0.9744649269 128
Median $199,000 $195,000 0.9798994975 56
2014 Closed YTD: 292
List Price Sale Price SP/LP DOM
Avg $204,851 $198,117 0.9671273267 113
Median $189,700 $185,000 0.975224038 64
Multi-Family
Active 24
Pending 1
Land
Active 139
Pending 7
Grand Isle County
Active: 214
List Price Sale Price SP/LP DOM
Avg $387,106 177
Median $279,450 99
Pending: 15
List Price Sale Price SP/LP DOM
Avg $236,787 140
Median $226,950 68
Closed YTD: 74
List Price Sale Price SP/LP DOM
Avg $272,598 $256,977 0.9426958378 190
Median $199,900 $184,050 0.9207103552 108
2014 Closed YTD: 61
List Price Sale Price SP/LP DOM
Avg $302,405 $281,579 0.9311320911 195
Median $239,000 $235,000 0.9832635983 138
Multi-Family
Active 5
Pending 0
Land
Active 83
Pending 5
Addison County
Active: 368
List Price Sale Price SP/LP DOM
Avg $386,905 199
Median $282,450 112
Pending: 55
List Price Sale Price SP/LP DOM
Avg $237,082 203
Median $214,900 80
Closed YTD: 183
List Price Sale Price SP/LP DOM
Avg $257,720 $245,955 0.9543496818 158
Median $229,500 $215,000 0.9368191721 79
2014 Closed YTD: 182
List Price Sale Price SP/LP DOM
Avg $245,068 $231,583 0.9449744561 162
Median $209,000 $200,000 0.956937799 84
Multi-Family
Active 8
Pending 2
Land
Active 155
Pending 8
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