Test your House Flipping knowledge
So you’ve heard of the term ‘flipping houses’. Chances are however, that the context in which house flipping is used in this region, is only one flavor of the art.
With city block after city block being built in dubai, and talk of even more housing units coming online, both Real estate agents and Investors, have quite a different perspective on what house flipping is!
Flipping Property locally, boardly means, buying a property at launch prices, or next best installment due date, then holding it for a while, and re-selling at a profit.
But at Real Vision, we know, that soon enough, the regional market will be well ’settled in’, with people moving into the city, and making way for Dubai Real Estate ver2.0!
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At that time, once units and villas are fully occupied, real property flipping will emerge i.e the ‘fix and flip’ kind.
In a nutshell, traditional Fix and Flip flipping is spotting an aeging house, or one in need of repair, buying it at a bargain, fixing it up, and selling at a profit.
As with the lifestyle here, people are spoilt for choice, and it is not uncommon to hear end clients asking their real estate agents to find them new buildings or Villas to move into!
There will soon be opportunities to buy a villa constructed 5 years ago at a good price, ‘ Fix it up with luxury fittings’
and sell it back on the market for a decent profit.
If you feel that you could get into the Fix and Flip game, test your knowledge by taking this fun quiz at Bravo TV.com
They even have a Tv show about it!
