Flipping a house will be successful in any kind of market. It follows a process that is not linked to any particular time period or economic condition. The success in buying a home, fixing it and reselling comes from finding the value in the home and creating value in a home. This is done by purchasing a home that is selling below the market value and making the improvements needed that will increase the selling price over the cost. Finding and creating value will work whether a market is good or bad. If the flipping of a house is done correctly there are many ways that it can be successful even in a struggling economy.
When the economy is tight, many home owners are facing foreclosure and want to get themselves out of the bad situation. They may be willing to give up their home for a lower price. For flippers in a weak economy, the key is to get a home at a lower price and also sell it at a lower price to someone else. There are times when a home worth $200,000 can be bought for $100,000 and flipped for $120.000 with very little improvements made to it.
Homeowners who are lat risk of losing their home are motivated and will to sell their home for a lower price to get out of a mortgage that they cannot afford. It is important to remember that flipping houses can still be successful if done correctly in a weak economy.