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Real Estate Agents questions, answered by experts

A good return on flipping a house ranges from 10% to 20% of the after-repair value. Many investors aim for a profit margin of at least 15% to ensure their efforts and risks are worthwhile. This percentage accounts for costs like repairs, financing, holding costs, and closing fees, while also providing a solid profit.

Yes, a seller is legally required to disclose any known fire damage when selling a house, including damages that were repaired. That includes damages to structural components and all major systems, as well as water damage, chemical damage, and smoke damage related to the fire. Sellers use a property disclosure statement, which is regulated by each state individually, to disclose fire damage.

Local regulations dictate how big an ADU can be, and there may also be restrictions on the percentage of the main residence’s square footage an ADU can have. In most cases, an ADU must be smaller than the main residence, but check with your local building authority to confirm restrictions on ADU size.

Yes, an RV garage can add value to a home. In most cases, homeowners can expect to see a return on investment (ROI) of 65% on a new RV garage. This isn’t quite as high as a regular garage, but it still increases the value of your home.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

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