Miami House Flipping is Popular Again

by Isaac Benmergui, Esq on October 17, 2012

Florida is second only to California in the number of homes flipped since the beginning of the year. The popular trend where buyers purchase a home for a low cost, fix up the property and then sell it for a profit is popular again, and Miami ranks second in the nation for the number of flipped homes since January of this year.

With the real estate market showing signs of health and recover across the nation, the numbers of flipped homes rose 25 percent from one year ago, with an average profit on each home of $29,342, according to RealtyTrac. The markets that were hit the hardest by the real estate bust are the ones with the highest number of recently flipped homes as investors bought low and are now selling high. States with the warmer climates are seeing the most activity.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

Previous post:

Next post: