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CFPB, senators pledge to look at house-flipping business practices

Housing Wire

Last month, ProPublica reported about a real estate flipping company that is targeting vulnerable homeowners, and using deception [and] coercion to close sales,” Smith told Chopra during the hearing. A duo of bipartisan U.S. During a Senate hearing last week serving as the CFPB’s semi-annual report to Congress, Sen.

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Address Scoop what to know Before Venturing Into House Flipping

Realty Biz

In 2020, ATTOM Data Solutions identified that flipping houses consisted of over 7% of home sales in the United States housing market. House flipping indicates that buyers strongly believe they can earn without prior information in the real estate sector. What is House Flipping? Set Up a Budget.

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‘We Buy Ugly Houses®, Explained:’ 10 Things to Know About the House Flipping Franchise

HomeLight

Famous for its ubiquitous yellow billboards along the interstate featuring a shaggy-haired caveman, HomeVestors of America — better known as the colloquial We Buy Ugly Houses® — has become a household brand in the U.S. And how “ugly” does a house have to be for them to buy it? You may wonder: Who represents “we”?

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Here’s Why You Need a Real Estate Agent if You’re Flipping Houses

HomeLight

House flipping may sound like a fun, easy way to make fast money on a real estate investment, but flipping a house isn’t as simple as it seems on TV. Add a top-notch real estate agent who’s experienced in flipping houses to your team and get a knowledgeable asset that can save you time, money, and headaches along the way.

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How to Get Started Flipping Houses: 5 Tips Reality TV Won’t Teach You

HomeLight

The home-flipping fad isn’t just an obsession among reality TV addicts. The number of people flipping homes in real life is still growing. of all home sales were flips, compared to just 5.8% However, although television makes flipping look easy, exciting, and profitable, the reality isn’t so glamorous.

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Is For Sale By Owner a Good Way to Sell Your Home?

Realty Biz

You could end up losing thousands of dollars on a sale that would've otherwise gone directly into your bank account. The best way to avoid paying realtor commissions is by doing it for sale by owner or FSBO. Here's what you need to know about FSBO and if it's a good choice for your next sale. What is For Sale by Owner?

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How pre-sale renovations are changing home sales

GeekEstate Agents & Brokers

For the last couple of decades, the real estate industry’s focus on improving the home sale experience has centered on speed. Marketing messaging promises faster sales, speedier loan processing, and quicker closings. ” Some home sellers want — and need — a faster sale. Why the way homes are sold is changing.