By: Kary L. Krismer

Kary L. Krismer — Fri, 04 May 2012 18:26:48 +0000

So nobody wants a 2/1 even if it’s cheap?

Not many do. 1.75+ bath homes are now priced where 1 bathroom homes were priced a few years ago, so more people elect to pay more than to compromise.

Note I just said in another thread that it’s a rookie flipper mistake to buy a 1.5 bath home to flip. It really limits your market and your potential upside, making it harder to profit.

Reply – Scotsman @ 1<\/a>:

So nobody wants a 2\/1 even if it\'s cheap? <\/blockquote>\r\n\r\nNot many do. 1.75+ bath homes are now priced where 1 bathroom homes were priced a few years ago, so more people elect to pay more than to compromise.\r\n\r\nNote I just said in another thread that it\'s a rookie flipper mistake to buy a 1.5 bath home to flip. It really limits your market and your potential upside, making it harder to profit.',''); return false;">Quote

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By: Scotsman

Scotsman — Fri, 04 May 2012 18:22:24 +0000

So nobody wants a 2/1 even if it’s cheap? The cheap homes that did sell all seem to offer more, proving that the market isn’t completely stupid. Final observation is that the bottom of the Seattle market seems to be hanging in there at right at $100K. Would these been seen as a deal at $85K or does that buyer then look in Covington, Tacoma, Kent, etc for more house for the same money?

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Comments on: Cheapest Homes: May 2012 Edition

By: Kary L. Krismer

By: Scotsman