[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.
