[quote=bearishgurl]
Yes, this is also the “flipper” price range, but if the asking and bid prices are too close to what the property would sell for flipped, the flipper won’t want it.
…
It’s different for the long-term owner-occupier buyer because they don’t have to fix everything at once to get it back out on the market ASAP. They can move in (or partially move in) and fix as time/money permits.
[/quote]
You’re correct if the price was too close to post fix, but they’re not. The market hasn’t heated to the point that those cosmetic fixes aren’t major price hitters.
There-in is problem in our current marketplace. The pool of people willing to pay premium price for fully gloss coated greatly outweighs the price of those willing to deal with good enough.
And hence, people that want to live there while they fix it are being out bid by people that want to flip it, because the people that want it fixed right now are outbidding all of them.
