I’ve been noticing a lot more of the cheap homes I had been watching during my active home search coming back on the market lately as rehab flips. Not only that, but they’re selling, sometimes fairly quickly, at double the previous price or more. Check out a couple examples in my neck of the woods:…
Tag: flip
Rehab Flips Making a Comeback During the Housing Bust?
Photo by Flickr user RickerPix found in the Seattle Bubble Flickr pool Way back in the days before everyone thought it would be a great idea to get rich selling progressively more ridiculously expensive homes to each other, “flipping” had a different meaning than most people associate with the word today. Flipping a home wasn’t…
Prices Flopping all Across the Eastside
Prices may be holding up somewhat in the neighborhoods close to downtown Seattle, but the Eastside apparently is not so lucky. With nearly eight “months of supply” the downward pressure is mounting on home prices east of the lake. I’d like to highlight an excellent thread over in the forums, where prolific Seattle Bubble poster…
Is the opposite of a flip a flop?
I want to take a moment to highlight a thread in the forums that was started yesterday. Deejayoh’s topic, “What’s the opposite of an audacious flip?” highlights a handful of interesting examples of homes on the market in Seattle right now that have asking prices tens of thousands of dollars less than what they sold…
Tales of a Seattle Real Estate Investor: Epilogue
In the months since the unexplained disappearance of the Tales of a Seattle Real Estate Investor blog, and the complete radio silence of its author Seattle Eric, many have wondered what ever happened to the one-time Rain City Guide contributor. Since he was arguably Seattle’s most public real estate flipper, openly discussing the ups and…