House-flipping makes a comeback
Not too long ago, it was pretty common to flip a property: scoop up a short sale or foreclosure, fix it up and make a quick sell.The recession hit hard but now the practice of house flipping appears to be making a comeback.
According to RealtyTrac, the first half of 2012 showed a 25 percent jump in these type of sales compared to the same time the previous year. Buying and flipping has also become popularized in reality shows. Home sales and prices have risen since the housing bubble burst nearly five years ago, making way for opportunity and risks.
For more information visit:
The Birmingham Association of Realtors
and Realtor Kim Cato