The real estate market has improved significantly across the country and investment properties are becoming scarcer for home flippers. But in Florida, due to the slower judicial foreclosure process, there are still a lot of foreclosures entering the market hence there are still a lot of great buys to be found.
Additionally, recent data released from RealtyTrac ranks six Florida cities at the top of the list for investment returns based on the gross profit earned from flipping in 2012 as follows:
1. Orlando – 1,912 flips – 63% gross profit
4. Tampa – 3,033 flips – 43% gross profit
6. Miami – 4,299 flips – 37% gross profit
7. Lakeland – 660 flips – 37% gross profit
9. Sarasota – 999 flips – 34% gross profit
20. Cape Coral – 1,547 flips – 15% gross profit
If you thinking of buying or listing your home for sale, contact Teresa Williams of Prospera Realty and Property Management at 813-434-0290 for a personal consultation. Teresa is a seasoned professional with unrivaled real estate knowledge in the South Tampa and Miami markets.
Browse the MLS listings of homes for sale in the greater Tampa area at https://www.prosperarealty.com/find.html