Flipping Real Estate Online

Flipping Real Estate requires careful consideration of the same product factors as even off the shelf items, like pricing strategies inventory, supply, and demand. Check out today's news about the national trend of price cutting.

Real estate investing website Trulia.com reports homeowners slashed prices for about 25% of houses at the very least once in July, up from 23.6% in the month of June. The average discount was $40,173 for a median house or 10% from the original value. The total value of price cuts in July was $27.8 billion, up by $700 million in June. In the luxury home segment of the investing market (listed at or in excess of $2 million), the average price reduction was fourteen percent from the original price. Homes priced at below $2 million had an average price reduction of a mere nine percent. Pete Flint, CEO of Trulia says "Inventory levels continue to grow in the luxury market, as inventory levels grow, I expect price reductions to continue to grow in the luxury segment."

Florida and Nevada, the states that suffered most from the flipping real estate slump, have seen price cuts to the extent of fifteen and thirteen percent. Including July, the percentage of listings subjected to price reductions has risen for 3 straight months. Trulia datamines from brokers and agents, third-party providers and multiple-listing services. The survey does not include Undeveloped land and foreclosed properties.