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Fix and flip market struggles as financing costs rise

Housing Wire

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. People are calling it the Great Renovation. How long that can continue is hard to say.”

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3 Reasons to Live in a New Home Before Renovating

Zillow

In today's market, many buyers forego fixer-uppers for move-in ready homes. That said, I often recommend that buyers live in a new home for a while before undertaking any major remodeling or pricey home improvements. I've seen buyers jump through hoops, spending months on end looking for a home. You need time to plan.

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Auctions see high owner-occupancy rates for foreclosed homes

Housing Wire

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. The role of renovators. The role of renovators.

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Sandalwood Homes For Sale

Houston Properties

They brought a lot of buyers through, and we were fortunate enough to have multiple offers to choose from. Sandalwood is the perfect place for buyers who are looking for a perfect balance between a luxurious lifestyle and serene city living. – 2016: #1 Individual Agent, Keller Williams, Texas. lower risk for mistakes.

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Houston Lofts For Sale

Houston Properties

The heart of Houston has it all From a new baseball stadium to renovated theaters. They brought a lot of buyers through, and we were fortunate enough to have multiple offers to choose from. – 2016: #1 Individual Agent, Keller Williams, Texas. – 2016: #1 Individual Agent, Keller Williams, Houston.

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Royden Oaks Houston Neighborhood Maps

Houston Properties

Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties. On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. – 2016: #1 Individual Agent, Keller Williams, Texas.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

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