Quote:
Originally Posted by asianthree
Wouldn’t think a flipper would wait for a new build, tying up money for 4-6 months to close, then wait for 12 more months to flip, especially with today’s interest rate. Out of the 20 plus build lots we tried for all still have the original owners going on 3 years. Specs with a view started selling @ 6 months with 6 months extended close.
Every new village gets the usual spec buy/rental, since we first came in 07. Our neighborhood in 2010, had far more % of rentals/flippers then any of the next 4 villages.
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They are flipping them for over a million dollars and put right on the listing in the VLS cannot close until a certain date and willing to rent until... The high end flippers are supportive of home prices just gives those who want a view lot to live in a much tougher time.