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Flipping Houses: Turning a Wreck into a Gem


About Me

Flipping Houses: Turning a Wreck into a Gem

Five years ago, I decided to start my own side business. Along with keeping my job as a construction worker, I decided to use my savings to purchase an older residence. The plan was to fix up the place and then sell it at a profit. It didn't take me long to figure out that while my side business would take up most of my free time, it would make me a lot of money. Today, I still flip three or four houses a year. My strategy developed through trial and error, and I've learned how to evaluate the potential of a property first, then buy second. I know what must be done in the way of exterior painting, making the place secure, and ultimately finding the right buyer. If you are thinking about trying this kind of sideline, read on. What I've learned will help you a lot.

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Quickly Sell Your Estate Using These Effective Methods

Whether you are downsizing, relocating, or dealing with a household of belongings for a deceased loved one, holding an estate sale is a great way to make a profit on the things you no longer need. But an estate sale can take weeks to plan and prepare, even when working with a qualified estate sales crew. Luckily, there are a few methods you can use to start selling your stuff quickly. Whatever isn't sold using the following options can be featured at your planned estate sale:

Go to Auction

A great way to quickly sell antiques and other valuable items within your estate is to take the stuff to an auction house that has experience with selling estate items. Make a consultation appointment and bring your items with you to the meeting. This should enable you and the facilitator to agree on pricing, commission rates, and sales dates at one time. Assuming the auction house isn't overwhelmed with items to sell at the time, you may see your stuff show up on the auction block within a week of your consultation meeting.

Host a Buying Event

You may also find that hosting a buying event at your home is a great way to quickly get rid of some items in your estate, such as paintings. Invite friends, family, colleagues, and community members for a night of dining, dancing, and browsing. Completely clear out a big room in your home or set up a party tent in the yard and then decorate the space using only items that are up for sale. Put a small price tag on everything using tape or stickers, and encourage your guests to make offers on the things you like throughout the night.

Create Bulk Sales

If you have a lot of small or items of lesser value for sale within your estate, consider creating bulk sales for some of it. For example, you can sell all of your DVDs or music CDs in one package, or combine all of your tapestries and quilts into another. The idea is to create a package of several similar items that attract buyers looking to score a deal. You'll want to sell your bulk items at a small discount to buyers will be paying for a large number of items at once. Place your bulk sale advertisements on Internet classifieds, forums, and auction sites. Your local auction house may be willing to sell your bulk packages as well, as long as they meet the facility's minimum value requirements.

With the help of these options, you should be able to put some money in your pocket in the weeks leading up to your estate sale, when you can expect just about everything else to be sold. For more information, check into estate sale services in your area.