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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. The goal is to buy low and sell for a high profit — one that covers both the home’s initial cost and any improvements. “I Like many other areas in the U.S., percent in 2023.

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Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

Not only does Ohio have the seventh-lowest cost of living in the country — the cost of living index considers 100 to be the national average and Ohio sits at 89.4 — but the state’s home values continue to increase. The goal is to buy low and sell for a high profit — one that covers both the home’s initial cost and any improvements.

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

Not only does Georgia have the sixth-lowest cost of living in the nation — the cost of living index considers 100 to be the national average, and Georgia’s index is 88.9 — its home values have increased 14.7% The goal is to buy low and sell for a high profit — one that covers both the home’s initial cost and any improvements.

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Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

Although Massachusetts has a high cost of living relative to much of the country — the cost of living index considers 100 to be the national average and Massachusetts sits at 149.9 — the state’s home values continue to increase. Massachusetts home prices are up 7.1% Find a Buyer's Agent What is house flipping?

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Flipping Houses in Florida: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Flipping takes a lot of money, know-how, manpower, and planning to be successful. That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates.