House Flippers Boosting South Florida Real Estate Market

by Isaac Benmergui, Esq on May 12, 2013

Foreclosure1House flipping, once so popular before the housing bust, is back in vogue and boosting the recovery of the South Florida real estate market. Buyers are finding big discounts on distressed properties, usually pay cash and easily finding buyers for the homes.

When flippers buy up homes, they upgrade the interior and exterior, clean up the property and home values improve. The tri-county area of Broward, Miami-Dade and Palm Beach is the most profitable for home flippers with buyers average a profit of 37 percent, according to a recent report by Realty Trac.

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.

 

 

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