[recordsclerk]

The method of payment should not matter, but the better deals are going to the conventional buyers or all cash buyer. Just like in this other thread the cash buyers are getting the better deals.

http://piggington.com/mira_mesa_dropping_real_fast

The banks are leaving money on the table because they are not inclined to fix the home or simply buy appliances to get the place sold. That property needed to be sold cash or to someone that can put money into an escrow account to complete the kitchen. The bank was too lazy or didn’t care enough to maximize their profits. This is where the flipper can come in cash and make money by doing what the bank refused to do.

A friend of mine recently bought a home from a traditional seller (not flipper). The house was listed for x-amount and had no offers after 30 days on the market. The seller did not want to take anything less than listed price. My friend had to offer list price + the mandatory VA amount that will be paid by seller for closing. The VA appraiser had no problem appraising the home + concession to match the offer. The other comps were either superior or sold for less. I personally think VA appraiser kick in the extra amount to make up for the concession. I’m not sure if the concessions are actually on the appraisal itself.

[recordsclerk]

The method of payment should not matter, but the better deals are going to the conventional buyers or all cash buyer. Just like in this other thread the cash buyers are getting the better deals.

http://piggington.com/mira_mesa_dropping_real_fast

The banks are leaving money on the table because they are not inclined to fix the home or simply buy appliances to get the place sold. That property needed to be sold cash or to someone that can put money into an escrow account to complete the kitchen. The bank was too lazy or didn’t care enough to maximize their profits. This is where the flipper can come in cash and make money by doing what the bank refused to do.

A friend of mine recently bought a home from a traditional seller (not flipper). The house was listed for x-amount and had no offers after 30 days on the market. The seller did not want to take anything less than listed price. My friend had to offer list price + the mandatory VA amount that will be paid by seller for closing. The VA appraiser had no problem appraising the home + concession to match the offer. The other comps were either superior or sold for less. I personally think VA appraiser kick in the extra amount to make up for the concession. I’m not sure if the concessions are actually on the appraisal itself.

[recordsclerk]

Flipped homes use flipped comps. The system just feeds itself. We did a flip back in 2009 when prices were going up and had offers way above what we thought the home would appraise for. The VA appraiser was able to use recently closed flipped comps and looked at the multiple offers (22 offers above list price). The VA appraiser was also able to factor in the mandated seller concessions.
I have talked to other flippers about getting the appraisal numbers needed to close. They prepare a list of work completed and hand it to the appraiser.

[recordsclerk]

Flipped homes use flipped comps. The system just feeds itself. We did a flip back in 2009 when prices were going up and had offers way above what we thought the home would appraise for. The VA appraiser was able to use recently closed flipped comps and looked at the multiple offers (22 offers above list price). The VA appraiser was also able to factor in the mandated seller concessions.
I have talked to other flippers about getting the appraisal numbers needed to close. They prepare a list of work completed and hand it to the appraiser.

[recordsclerk]

Flipped homes use flipped comps. The system just feeds itself. We did a flip back in 2009 when prices were going up and had offers way above what we thought the home would appraise for. The VA appraiser was able to use recently closed flipped comps and looked at the multiple offers (22 offers above list price). The VA appraiser was also able to factor in the mandated seller concessions.
I have talked to other flippers about getting the appraisal numbers needed to close. They prepare a list of work completed and hand it to the appraiser.

[recordsclerk]

Flipped homes use flipped comps. The system just feeds itself. We did a flip back in 2009 when prices were going up and had offers way above what we thought the home would appraise for. The VA appraiser was able to use recently closed flipped comps and looked at the multiple offers (22 offers above list price). The VA appraiser was also able to factor in the mandated seller concessions.
I have talked to other flippers about getting the appraisal numbers needed to close. They prepare a list of work completed and hand it to the appraiser.

[recordsclerk]

Flipped homes use flipped comps. The system just feeds itself. We did a flip back in 2009 when prices were going up and had offers way above what we thought the home would appraise for. The VA appraiser was able to use recently closed flipped comps and looked at the multiple offers (22 offers above list price). The VA appraiser was also able to factor in the mandated seller concessions.
I have talked to other flippers about getting the appraisal numbers needed to close. They prepare a list of work completed and hand it to the appraiser.

[recordsclerk]

The fact that the listings says the loan is assumable gives some insight. My assumption is this is a VA loan and the buyer put little or no money into the deal. Probably got tired of being outbid for the more reasonably priced homes and went with an easy to close flipper property. I seen this first hand with some friends and co-workers that get tired and just settle and overpay. Like I have expressed before, probably got nice concessions towards closing cost (VA requires seller assistance). The buyer probably regrets over paying for the house and wants to start over or could be getting stationed somewhere else.

[recordsclerk]

The fact that the listings says the loan is assumable gives some insight. My assumption is this is a VA loan and the buyer put little or no money into the deal. Probably got tired of being outbid for the more reasonably priced homes and went with an easy to close flipper property. I seen this first hand with some friends and co-workers that get tired and just settle and overpay. Like I have expressed before, probably got nice concessions towards closing cost (VA requires seller assistance). The buyer probably regrets over paying for the house and wants to start over or could be getting stationed somewhere else.

[recordsclerk]

The fact that the listings says the loan is assumable gives some insight. My assumption is this is a VA loan and the buyer put little or no money into the deal. Probably got tired of being outbid for the more reasonably priced homes and went with an easy to close flipper property. I seen this first hand with some friends and co-workers that get tired and just settle and overpay. Like I have expressed before, probably got nice concessions towards closing cost (VA requires seller assistance). The buyer probably regrets over paying for the house and wants to start over or could be getting stationed somewhere else.

[recordsclerk]

The fact that the listings says the loan is assumable gives some insight. My assumption is this is a VA loan and the buyer put little or no money into the deal. Probably got tired of being outbid for the more reasonably priced homes and went with an easy to close flipper property. I seen this first hand with some friends and co-workers that get tired and just settle and overpay. Like I have expressed before, probably got nice concessions towards closing cost (VA requires seller assistance). The buyer probably regrets over paying for the house and wants to start over or could be getting stationed somewhere else.

[recordsclerk]

The fact that the listings says the loan is assumable gives some insight. My assumption is this is a VA loan and the buyer put little or no money into the deal. Probably got tired of being outbid for the more reasonably priced homes and went with an easy to close flipper property. I seen this first hand with some friends and co-workers that get tired and just settle and overpay. Like I have expressed before, probably got nice concessions towards closing cost (VA requires seller assistance). The buyer probably regrets over paying for the house and wants to start over or could be getting stationed somewhere else.

[recordsclerk]

At least a dozen times in my younger days. I haven’t been in a fight for 16 years and don’t plan on fighting again unless I have to.

[recordsclerk]

At least a dozen times in my younger days. I haven’t been in a fight for 16 years and don’t plan on fighting again unless I have to.

[recordsclerk]

At least a dozen times in my younger days. I haven’t been in a fight for 16 years and don’t plan on fighting again unless I have to.

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