By Elizabeth Weintraub Sacramento Broker, Put 40 years of experience to work for you
(Elizabeth Anne Weintraub, Broker)
Flippers get attached to their project homes just like any other home buyer. They might even be more engrossed in the process because it represents a return on investment. It involves purchasing a home at a lower value, fixing it up, and then selling it to a first-time home buyer. To write an offer, one factors in the cost of materials, labor, and carrying and selling expenses. Which is precisely why a listing agent will receive a wild wide range of offers from potential flippers. Everybody is different. Some investors buy materials wholesale. Others hire low-cost labor. End values vary. It's all about estimating profit. You can read more in my personal blog today and see a bunch of photos at this link: Looking to Flip a Probate Home in North Highlands?