Home › Forums › Closed Forums › Buying and Selling RE › Is this a flipping attempt?
- This topic has 10 replies, 3 voices, and was last updated 14 years, 9 months ago by
urbanrealtor.
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February 1, 2010 at 10:31 PM #16983February 2, 2010 at 10:05 AM #507974
UCGal
ParticipantIf it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.
February 2, 2010 at 10:05 AM #508123ParticipantIf it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.
February 2, 2010 at 10:05 AM #508535ParticipantIf it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.
February 2, 2010 at 10:05 AM #508628ParticipantIf it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.
February 2, 2010 at 10:05 AM #508883ParticipantIf it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.
February 2, 2010 at 1:28 PM #508105urbanrealtor
Participant[quote=UCGal]If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.[/quote]
No I don’t think so.
Its only offering 2% to the buyer agent and the listing agent is the new owner. Figure that they made 2.5% when they bought it (for cash) and are losing about 3% max between escrow, title, and buyer agent commissions. Thats a net cost of .5% max between the 2 transactions.
Still a lot less than the 20-40K that they are making. Figure that comes out to 18k-38k depending on offer (in a space of 10 weeks).
And I really don’t think its remodeled between 2 weeks ago and now.
February 2, 2010 at 1:28 PM #508253Participant[quote=UCGal]If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.[/quote]
No I don’t think so.
Its only offering 2% to the buyer agent and the listing agent is the new owner. Figure that they made 2.5% when they bought it (for cash) and are losing about 3% max between escrow, title, and buyer agent commissions. Thats a net cost of .5% max between the 2 transactions.
Still a lot less than the 20-40K that they are making. Figure that comes out to 18k-38k depending on offer (in a space of 10 weeks).
And I really don’t think its remodeled between 2 weeks ago and now.
February 2, 2010 at 1:28 PM #508665Participant[quote=UCGal]If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.[/quote]
No I don’t think so.
Its only offering 2% to the buyer agent and the listing agent is the new owner. Figure that they made 2.5% when they bought it (for cash) and are losing about 3% max between escrow, title, and buyer agent commissions. Thats a net cost of .5% max between the 2 transactions.
Still a lot less than the 20-40K that they are making. Figure that comes out to 18k-38k depending on offer (in a space of 10 weeks).
And I really don’t think its remodeled between 2 weeks ago and now.
February 2, 2010 at 1:28 PM #508758Participant[quote=UCGal]If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.[/quote]
No I don’t think so.
Its only offering 2% to the buyer agent and the listing agent is the new owner. Figure that they made 2.5% when they bought it (for cash) and are losing about 3% max between escrow, title, and buyer agent commissions. Thats a net cost of .5% max between the 2 transactions.
Still a lot less than the 20-40K that they are making. Figure that comes out to 18k-38k depending on offer (in a space of 10 weeks).
And I really don’t think its remodeled between 2 weeks ago and now.
February 2, 2010 at 1:28 PM #509013Participant[quote=UCGal]If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.[/quote]
No I don’t think so.
Its only offering 2% to the buyer agent and the listing agent is the new owner. Figure that they made 2.5% when they bought it (for cash) and are losing about 3% max between escrow, title, and buyer agent commissions. Thats a net cost of .5% max between the 2 transactions.
Still a lot less than the 20-40K that they are making. Figure that comes out to 18k-38k depending on offer (in a space of 10 weeks).
And I really don’t think its remodeled between 2 weeks ago and now.
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