Buying & Selling Real Estate Published January 06, 2013 By Aaron Schoenberger
Flipping Real Estate in 2013: Slimmer Margins, Quicker Sales

The housing market is continuing to show signs of improvement and 2013 will usher in a new wave of house flippers intent on getting their share of the pie. But fixing and flipping homes will be different this year.

Due to the decreased number of distressed homes on the market, it’s becoming tougher for real estate investors to get their hands on discounted properties, rehab them, then turn a profit. According to RealtyTrac, “Foreclosure activity decreased annually in 12 out of the nation’s 20 largest metro areas, led by San Francisco (36 percent), Detroit (31 percent), Los Angeles (29 percent), Phoenix (27 percent) and San Diego (26 percent).” This will ultimately lead to slimmer profit margins, especially in lower priced areas.

On the plus side, the number of days homes are on the market has decreased significantly. In Los Angeles, the median days on market has dropped 19 percent in the past year. For a house flipper that’s putting out money and likely paying interest, this is excellent news.



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About Author

Aaron Schoenberger is a marketing executive, entrepreneur, and real estate investor with a passion for business. He writes about a wide variety of topics ranging from real estate marketing to fixing and flipping homes, and has had his work published on numerous industry-related websites. Mr. Schoenberger is a thought leader and is viewed as a authority when it comes to online public relations, social media, and search engine optimization (SEO).

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