So, is this just a brazen flipper?

User Forum Topic
Submitted by smshorttimer on November 6, 2009 - 10:18pm

My wife and agent looked at this house, a REO, a few months ago. She liked the inside and it had a great view; I couldn't get past the exterior, so I kinda doomed it. I don't remember the original listing price, but it sold for $340 on Oct. 22.

www.sdlookup.com/MLS-090050377-1625_Alap...

It is on the market again, as of Nov. 5, but for $435. I say "brazen" because I can't immediately tell from the photos what if any upgrades have been done in the mere two weeks since it (apparently) officially changed hands.

Edit: Oh, it claims new carpet and paint, but the additional photos seem to be all of the outside.

www.sdlookup.com/MLS-090062701-1625_Alap...

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There's always a sucker out
Submitted by jameswenn on November 6, 2009 - 10:39pm.

There's always a sucker out there willing to pay any price as long as he can make the payments

There's no way it's worth
Submitted by Eugene on November 7, 2009 - 3:03am.

There's no way it's worth 435k.

Nice house. Lousy
Submitted by sdrealtor on November 7, 2009 - 9:45am.

Nice house. Lousy photographer

They raised the price to 449k
Submitted by Russell on November 7, 2009 - 6:44pm.

They raised the price to 449k today.

Russell wrote:They raised the
Submitted by smshorttimer on November 7, 2009 - 7:11pm.

Russell wrote:
They raised the price to 449k today.

Then I guess I'm the idiot.I think the list price originally was 360ish.

I saw the house after upgrade
Submitted by mikemn on November 9, 2009 - 8:25am.

I saw the house after upgrade and it worth every penny, I don't know why it was sold so cheap at 340k, I don't think it is overpriced now at 440k when compared to similar houses with nice views and such a large footage and nice lot.

Shown photos are so bad, you need to see the house to appreciate.

mikemn wrote:I saw the house
Submitted by smshorttimer on November 9, 2009 - 9:18am.

mikemn wrote:
I saw the house after upgrade and it worth every penny, I don't know why it was sold so cheap at 340k, I don't think it is overpriced now at 440k when compared to similar houses with nice views and such a large footage and nice lot.

Shown photos are so bad, you need to see the house to appreciate.

So it was underpriced originally? My agent said it just needed new carpet. I fail to see how new carpet and some paint is worth a 100,000 premium (sale price to current list). OTOH, I believe it is just inside boundaries of L.R. Green Elementary, a huge plus over the neighboring school.

mikemn wrote:I saw the house
Submitted by jameswenn on November 9, 2009 - 9:34am.

mikemn wrote:
I saw the house after upgrade and it worth every penny, I don't know why it was sold so cheap at 340k, I don't think it is overpriced now at 440k when compared to similar houses with nice views and such a large footage and nice lot.

Shown photos are so bad, you need to see the house to appreciate.

Yeah, if this was 2007. I'm sure you have an interest, so good luck flipping it.