I want to buy a house do it up and sell it, Is now a bad time to buy?

Answer 1

Depends on where you are living at. I live in ohio.
I got a house for sale now for over a month. Had about 6 people look at it. I flipped the house before I put it on the market. I don't think its going to sell by january and I will have to rent it out.

But now is a great time to buy a house. Super good deals out there. I got a great deal on my new house.

Answer 2

It could be. The Bank Of England have slowly been increasing the base interest rate to try and cut inflation which means we are seeing a slow down in the property market. By the time you buy and sell the market could have slowed down even more making it harder for you to sell. I also heard a report that this is the first month in a few years that house prices have dropped. It is only 0.1% but it does show a slow down in the market.

Answer 3

Presuming you're in the UK, like me....
As a sales negotiator in an estate agency, I wouldn't buy a property to do up and sell (for profit) at the moment.
Firstly, you have to work out how much it will cost you to do the house up, plus your buying and selling legal costs, plus the amount of profit you hope to make.
Add that to the price of the house you're interested in, and consider whether the house will be worth that much when you come to sell it.
In the current market, I think it would be hard to be sure that you could make a profit. In my area, sales are slow and prices are showing signs of falling slightly. If that trend continues, you could end up with a house worth a lot less than you hoped for.

Answer 4

Fix and flip was HOT in 2005 when homes were selling in my state not in weeks but hours.

Fix and flip still makes sense if you can find properties for 60 cents on the dollar.

Expect to keep the home on the market longer than 2 years ago.

In 2005 homes were on the market in Arizona for 2-3 HOURS (not kidding) now they are taking 2-3 MONTHS.

Hope this helps.

Terry S.

http://www.Welcome2Arizona.com

Answer 5

Now is a great time to buy. The market values are depressed and you can get some good deals. However, the same applies when you go to sell it. It will STILL be a depressed value market.

Answer 6

The buying part could be a real good time but the flip side to the coin is the selling (unless you can hold on to it till the markets correct them selves this could be years)

Answer 7

im no pro at this area although I have a house that i bought recently, i do know that english property prices were reported in the paper as overpriced so its almost inevetable there will be some sort of decrease,it also depends on the area.

I bought my house in Ireland and the property prices started dropping around commuting areas close to the big cities like dublin so i'd be wary of places like that, think london is fairly safe investment though

Think its true to say profits aren't what they used to be on property but could be still worth it

Answer 8

we don't be attentive to the place you're located and regardless of if we did, few human beings could be attentive to that marketplace properly sufficient to furnish better than an knowledgeable wager. i could do exactly regardless of you elect to do and not situation approximately it. in case you sell your first homestead somewhat quickly or purchase the 2d and it is going down, properly sorry, yet a minimal of you would be interior the placement you elect and with the obscure suggestions we've its in all possibility 50/50 as to it is the best thank you to decide for you. i will in straightforward terms supply you another very typical and many times incorrect piece of recommendation, yet right here it truly is. learn the rents for the different places as against the costs and fees to possess them, and notice which one you're able to make extra funds on renting. If the community or activity situation is alot extra useful or worse at one area than the different take that into consideration as best you are able to. After this prognosis if between the properties could (in a condominium situation) do alot extra useful than the different, then that one is in all possibility going to hold its fee somewhat extra useful over the years. No ensures, yet that seems to artwork varied the time. best good fortune.

Answer 9

the best time is around the end of the year. the market is the slowest then and you get a better deal. then you take the first couple of months to get it ready and you put it on the market in early spring which is the best time to sell.
Remember, you make your money when you buy and you get paid when you sell.

Answer 10

It is a good time to buy but not a good time to sell.If you can buy cheaply now,live in it and slowly do it up,then as soon as interest rates drop(on the cards it is said) try it on the market.