Remove Closing Remove Design Remove Renovation
article thumbnail

How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

They find aesthetically challenged homes in coveted LA neighborhoods, crunch the numbers, hire interior designers to renovate them so they look good on Instagram and then list and sell them for a tidy profit. They closed nearly $40 million in volume in 2024, vibe flipping luxury homes. Sounds too good to be true, right?

Closing 370
article thumbnail

To Renovate or Not To Renovate Before You Sell

Keeping Current Matters

However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. Millennials closely follow Gen Z, taking on an average of 3.3

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 519
article thumbnail

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

article thumbnail

Distressed properties signal a slowdown in 2025 housing market

Housing Wire

Proprietary data from the Auction.com marketplace, which accounts for close to half of all properties brought to foreclosure auction nationwide, shows that banks, nonbanks and mortgage servicers selling on the Auction.com platform have slowly lowered their pricing at both foreclosure auctions and bank-owned (REO) auctions over the past six months.

Marketing 370
article thumbnail

Virtual staging: The best apps for 2025 + mind-blowing AI picks

Housing Wire

Is virtual staging finally ready for its close-up? AI can create virtually staged images to match any trendy interior design style you can dream up for a small fraction of the price of traditional virtual staging. We think it is.

Staging 309
article thumbnail

How to write creative real estate listing descriptions + examples

Housing Wire

A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Its your chance to emotionally connect with the buyers and create the desire for them to come see the home in person.