Real estate investors who flip houses often try to trim costs and boost profits by handling everything themselves. After all, if you can buy directly from the homeowners and sell the home yourself, you can probably save at about 10 percent on real estate commissions alone (a few percent if the sellers agree to share their savings with you and six to seven percent when you sell).
Cutting out the middleman may make sense sometimes, but when you’re investing in real estate, cutting costs by forgoing the services of real estate professional is usually penny wise and pound foolish, especially for the novice investor. By doing so, you expose yourself to more risk, limit your opportunities, and may even decrease your profits. To learn more about your risks as well as your opportunities for investing in real estate in Andover and North Andover Massachusetts contact me, Paulette Zuena at ReMax Partners in Andover.
