Audacious Flips and Renovations

[mike2]

[deejayoh]

[biliruben]

[phinneygirl]

It seems like the new Redfin takes longer to load. I used to be able to move the map around and the houses showed up instantly, now it sometimes freezes up, or it takes 5-10 seconds to load once the map has been moved.

Regarding the house...if those are the four *best* photos they can come up with....ouch.

[mike2]

[phinneygirl]

[brettro]

[faster]

[Alan]

[george]

[mike2]

This condo flip doesn't look like it's going to end well.

Previous sale price: $225,000
Current asking price: $255,000

1900 N Northgate Way #H1908
Seattle, WA 98133

http://www.redfin.com/stingray/do/print ... -id=760171

Figuring they financed it with a 1 year arm at 5.5%, + taxes and dues the carying cost alone was $17,500.

I saw this place last year and it was full on 1970's interior back then, so I'd guess they spent more than $12,500 on the remodel.

Figure 6% selling costs at $15,300, all that "sweat equity" earned them was a sore back.

[deejayoh]

Check this one out http://www.redfin.com/stingray/do/print ... -id=723460


Sold on 2/5/07 for $592k
On the market 41 days, so it was put on probably May 1
Just went STI for $685k

$93k for 3 months?
That's 60% appreciation - and it doesn't look like any of the remodeling is brand new.

[newbee]

[EconE]

[ayles]