Home > The Flipper is Floundering

The Flipper is Floundering

February 21st, 2012 at 06:18 pm

I mentioned flipper bought house on our street for $250k (about going rate) and is trying to sell for $315k? Rolleyes

That said, these type sellers have surprised me in the past. There are suckers everywhere. (Yes, you'd be a sucker to pay 26% more than the fair market value).

Anyway, it's been listed about 2 months, and I am kind of surprised to see they haven't budged on the price. ($299k asking price would be basic common sense, at the least).

Apparently they are busy fixing up the landscaping. The feedback must be "No one is going to pay that much for that ugly yard." The inside looks gorgeous (marble floors, etc.).

I am curious to watch this unfold? A few thousand dollars in yard work? Is that really going to cinch the sale???

Actually, looking at the pictures, the guy has the crappy builder standard white tile in the kitchen and the bathrooms. So, what's next? A more realistic price? Or marble countertops? Wink Seriously, we have that tile in our upstairs bath and I hate it with a passion. (It's like the cheapest tile the builder could possibly find. It's the *only* thing we didn't upgrade at all, and I have regretted it since day 1).

To be continued...

3 Responses to “The Flipper is Floundering”

  1. Nika Says:

    This kitchen is the size of my entire apartment Smile This is a palace! I doubt I can ever live in a place like that - we are paying a heck of a lot more for something the fraction of the size.

  2. MonkeyMama Says:

    This house cost as much as our last condo. So, I seriously and can totally relate.

    We decided we rather move. *shrugs* You could probably move almost anywhere else in the country and buy cheaper housing. The option is always available.

  3. baselle Says:

    Its always fun to see the flipper doubling down.

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