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Home Flipping | The Homesfinder Realty Group 208 Carteret St Beaufort, SC 29902 Blog

Thursday, June 25, 2020   /   by Sonya Reiselt

Tips to Help You Flip a Home in Beaufort County

With interest rates at an all-time low and distressed home owners, it makes for an ideal combination for home flippers in Beaufort County. If you've been thinking about getting into house flipping, there's a few things to consider before you start.

Don’t expect to be in an out in a week
According to the recent ATTOM Data Solutions first-quarter 2020 U.S. Home Flipping Report, “Home flippers who sold homes in the first quarter of 2020 took an average of 174 days to complete a flip, up from an average of 169 in the fourth quarter of 2019 but down from 180 days in the first quarter of last year.”
How long it takes you to flip a home depends on many important factors. What is the condition of the home? How many repairs does it need & what are they? How experienced are you in making the repairs and how fast can you make them? Try to be realistic about the home you're looking at flipping. It's better to overestimate the time frame an ...

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