Speaking of flippers, two houses sold in my neighborhood last week. One I thought would NEVER sell because it was over priced(so I thought) and on the mls for over a year. The other was bought for 350k trashed about August ’06 I think, they gutted it- all new windows, flooring, bathroom’s, kitchen,granite, tile, ac, sod, the whole nine yard’s- smaller than mine and sold flipped for 489k in less than two weeks!
I COULD NOT BELIEVE they bought it instead of mine-which was way cheaper, bigger, on a less busy street, and very nice. They could have done upgrades themselves and still saved money!