A Secret to Real Estate Profits Follow The Builder
As the real estate market cools, the profit potential of home ownership has cooled as well. Heres a strategy called follow the builder.
It is relatively easy to make a profit when you sell your home if the market is rising sharply like it has been in most of the country for the last three years. It becomes more difficult when a hot market slows down. Its very difficult to make a profit on the sale of your home when prices are falling.
Is there a way to be relatively sure youll make a profit when you sell your home? There is under all but the most negative market conditions. In fact, Ive seen young, energetic couples use this maneuver multiple times when they dont even need to move.
Follow That Builder
In many areas of the country, there are builders who build hundreds of houses each year within a fifty mile radius of each other. They build entire communities or are one of three to five builders who build entire communities around big employment centers. This present you with an important opportunity.
New Community
Builders will typically sell first phases of communities for...