From a value standpoint, the market often can’t tell much difference between an estate property or that has been lovingly maintained yet not modernized and a distressed bank owned property. What’s selling in today’s market are homes that are in turn-key condition, with refined design, updated mechanical components, high-end finishes, fixtures and appliances. Because of this, many estate properties have been dragged down in value. The market places such a hi value on homes like this that buyers are willing to pay for these upgrades plus a margin of profit to an investor willing to undertake the expense and effort required. To make matters worse, these types of properties, whether estate owned or bank owned, are being purchased mainly by investors. To maximize their investment, investors attempts to purchase the property at the lowest possible price. This is a win for the investor, but a lose for the estate.
Estate flip’s attempts to change this win/lose approach to liquidating the home by partnering with you stay to renovate the home and share in the profits that come from the sale.
The reason that investors are interested in these types of properties is because the market is allowing for profit to be made if a “distressed” property is renovated with modern systems and high-end finishes. The problem is that most Estates don’t have the time, money, or expertise to undertake a renovation and potentially maximize the value of the home. That is where estate flips comes in. Our vision is to help the estates maximize the value of their property by renovating the property and selling for top dollar without a time or money or work investment by the estate. Estate Flips partners with you to create a win-win exit strategy for maximizing the value of the net value of the home.