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July 15, 2006
Flip, Flop
Flipping is so common in our neighborhood that people regularly pester our contractor and subs about when our house will go on the market. Our 6yo says we should put a Not For Sale sign in the yard.
The house across the street from our rental is a flip. In the past 6 months they bought it, added 400 sqft, and put it back on the market asking double what they paid.
The house was pretty junky to start with and now it looks great from the curb. But when you are flipping a house, it's all about the square footage. Anything else is just a free gift to strangers.
One thing that stands out to me is the roof. They didn't cut the asphalt shingles in the valleys of the roof, they just lapped the pieces over as they fell. It makes me wonder, how many other jobs have they left for the next owners to finish? These flippers I don't know, but the next owners, they're my neighbors.
When I tried to drop by the open house last week, they had already locked the doors and gone home. I assumed it had sold. Not so, I guess.
Posted by David at 10:38 PM | Comments (7)