Seattle Bubble Forum Archive

Posted: **Mon Feb 26, 2007 12:25 pm**

8014 45TH AVE NE
SEATTLE, WA 98115-5140
MLS: 27016902

I ran across this listing on Redfin. House was purchased in 01/07 for $675k - and is back on the market for $830k.

$155k profit for the apparent added value of "Architectural sketches are at the house for modest renovation or full scale remodel". I'm guessing they bought thinking they'd flip it and then got scared. :shock:

Check out the description:

Posted: **Mon Feb 26, 2007 1:07 pm**

I guess I don't understand. Seems like you could do a hell of a lot better for $850,000.00.

This one is Renton, but at least it kind of has a high dollar look to it.

Posted: **Wed Feb 28, 2007 5:27 pm**

Market is full of flips guys. here is another example--

http://www.redfin.com/stingray/do/print ... -id=524585

bought in Nov. 2006 for $585K, and now the flipper wants $850K for this house.

the only bad thing is that i'm sure that sooner or later, somebody wil fall for this.

Posted: **Wed Feb 28, 2007 9:52 pm**

actually right now, the more flips the better. It just means those bastards are gonna be hurtin' real soon. Flip away flippin' flip flippers.

Seattle Bubble Forum Archive

A nice example of realtor self-dealing

A nice example of realtor self-dealing