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The most important factor in determining the profit you earn when you buy, fix and flip a property is the price you pay to acquire the property.
The number of homes being offered for sale in NJ has increased by 12% with months’ supply up to 2.4 months compared to 2.0 months supply a year ago.
Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something.
More than one-third (34%) of U.S. homeowners say they'll never sell their home, and another 27% say they wouldn't consider selling for at least 10 years.
