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10 Dos and Don'ts for Maximizing Your Profit Potential

By Michelle Whitt
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Do know your financing options.
« Do get a professional home inspection. | Don't start with a high-risk property. »
Unless you plan to pay cash, get pre-qualified and have financing in place before you search. Know your financial limitations as well as your options.

There are a variety of loans available, depending on your credit and financial situation. Make sure to find out how your taxes will be affected as well.



Do know your market.

Do look for cosmetic-only repairs.

Do be prepared to do the work yourself.

Do know the features that will sell a home quickly.

Don't ignore curb appeal.


Don't procrastinate - if quick revenue is your real aim.

Do have your budget, timeline and strategy in place before making the purchase.

Do get a professional home inspection.

Do know your financing options.

Don't start with a high-risk property.


Bonus Tip: Do consider using the services of a Realtor.
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