Talk of The Villages Florida - View Single Post - Looks like the housing market has cooled down a lot because of record high prices.
Thread: Looks like the housing market has cooled down a lot because of record high prices.
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Old 07-05-2021, 01:49 PM
joelfmi joelfmi is offline
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Default Home that are being flipped be very careful in purchasing
Quote:
Originally Posted by LMBNY View Post
I've been watching/studying the market in The Villages for a year like a madwoman. We're here now for a month and were hoping to purchase, but I don't think it's going to happen. What is most interesting to me is checking out the property history. There are so many homes that have sold in Feb/March/April, then put back on the market in June/July for 30-50K more Home that are being flipped be very careful . No upgrades/renovations. Nothing. Just a fast flip. And people are buying!
.Before anyone that buys a home that is being flipped for cash have the home apprised and inspected, Inside and outside for construction defects, electric and plumbing upgrades, roof, sink holes, noisy location, power lines, cost of renovations, illegal plumbing and electric work, ,neighbor's and rules of HOA, this is just a little of what must be done. As a rule flipped home need a lot of due diligence.