Saturday, May 27, 2006

Flip This

The house-hunting is a mental strain. We have seen a couple houses that we have been really interested in but they are sold within a day or two. I can handle that.

What really upsets me is when the same house comes back on the market a month or two later with minor "improvements" made and a new price tag that is $50,000 - $100,000+ more than what they bought it for. It's ridiculous. These do-nothing investors go out there looking to make a buck by buying all of the affordable housing, putting in some new carpeting or adding an asphalt parking-pad and then jack up the price.

It is difficult for us to compete because we need to sell our house and buy a new one at roughly the same time. It's tricky. It will be very hard to hit that window of time on a nice piece of property BEFORE the jerkwads put their new price on it but that's what we are trying to do.

I'm starting to strongly dislike people who try to make a living flipping houses. When we sell our house I will cut a good deal to a family who actually wants to live here and milk any investor who wants to buy for every penny I can get.

1 comment:

PsychoIntern said...

I hate those people too...I actually rent from one right now and he was trying to sell us the house last Fall, talking about how great the market was, and how we would be able to sell it for $30,000 than we bought it for (the offer he made us was $326,000 for a 1700 square foot home). Well, it is about 8 months later and he is still trying to sell it for that same price. Glad we didn't take the bait. :)