Saturday, May 19, 2007

If you lend on flipping, read this

The already slow real estate market situation was compounded when the Federal Reserve announced that interest rates will not be going down, which has negatively impacted the stock market, and may continue to impact home sales for some time.

If you lend to those that flip, they will be finding it to sell these homes quickly. Since staged homes sell for 6.9% more than a non-staged home and sell 50% faster, you should consider requiring that such homes be staged.

To learn more, buy Private Mortgage Investing.