Could Highlands NC real estate be affected by a current trend that is seeing a return of flipping luxury homes? There have been a few recent articles that suggest flipping is back, for higher end homes that is. Certainly buying a luxury home at a discount opens doors for a higher return than one would receive from flipping a lower end home, but the questions remains, will this trend bleed into the Highlands NC real estate market?
The flipping of luxury homes is occurring in areas where luxury homes are available at reduced values and leave a door open for renovations. Here in Highlands NC if there is a luxury home that can use some updating that can be sold for under market value it is certainly and appealing purchase for an investor. However, for the most part Highlands homes have maintained their values as a result of our desirable location. This means very few homes in the area are in distress or being given away at significantly reduced prices.
Contact us today for more information on current market conditions. We can help you get to know the ins and outs of Highlands real estate and welcome the opportunity to help you find your next home.
Click here to read “House flipping makes a comeback, More investors are turning a profit on high-end properties” from Market Watch.