Everyone loves sparkling countertops, brand new hardwood flooring, and stainless steel kitchen appliances. When you are a seller trying to flip your purchased home, a good buyer’s rep should help their clients engage in some old fashioned sleuthing. Before the great Real Estate depression in 2008, house prices were way down, and people were buying more fixer-uppers than they could count. Buyers were getting contractors and even pulling out their handy DIY skills to fix up these homes, selling them, and reaping in the profits. We were entering the real estate phenomenon of flipping homes. The trend soon faded out, but now is coming back, but this time with professional investors who have access to purchase them homes in cash, and work with professional crews to fix these homes and sell them for a heafty profit! Your job as their realtor is to guide them through this rough terrain. The first thing you are going to want to do is look and see when the last time this home was sold, and if it less than a year ago, you will most likely want to have a more thorough walk through with a licensed inspector. Most problems start to arise after the first year, especially if the problems were recently fixed by DIYers instead of licensed contractors.  If you are planning to buy a home to flip, the first thing you as the buyer are going to want to see it yourself. Do not just buy a home from auction. Buying from an auction is an AS-IS home, and you might end up with thousands and thousands of dollars in repairs. You will want to do a walk through on the home, and see if there is any first hand red-flags that pops out! Next you will want to research the history of the home. See how many times it has been bought and sold in short amounts of times, and see if other investors have already flipped the home. Also, you as the buyer can request all the permits the flipper pulled to perform the work on the home, or if there was ever mold, you can also request the license from the inspector who took care of it. You can go as far as checking the Better Business Bureau to see if there were any complaints or lawsuits have been against the seller while in the home you are purchasing. Becoming a flipper you want to make as much money as you can in a very short period of time. Most flipping contains make the home more aesthetically pleasing to the buyers eyes. A lot of flippers focus on the kitchen and the bathrooms, replacing counter tops, cabinets, and appliances! That will truly make a difference when flipping your home in Las Vegas. A lot of people think that flipping homes is very easy, and that anyone can do it. That is not the case in Las Vegas. You will want to get professionals to help you and have the time and money to put into the home, to replace and fix anything going on in it. In the article attached, it goes more into detail about becoming the envious “HOME FLIPPER”! Happy reading!

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