Infested with Flippers in Chula Vista
1578 MOONBEAM LN, CHULA VISTA
This home was originally purchased on 10/28/2004 for $435,141. It was then flipped for $500,000 less the 6 months later on 2/16/05. It was flipped again 5 months after that for $560,000 on 7/22/2005.
The latest flipper orginally listed this home for sale for $630,000 on 4/24/2006. 160 days later the flipper has lowered his price to $530,000-$550,000. There's no more milk left here.
This is a great example of how these flippers attack the fabric of society and create a cycle of doom for families and hard-working Americans. You must not be their next victim: DO NOT BUY A HOME until the median price is San Diego County gets down to $350K.
Are you with me?
4 comments:
My buying session is gonna go like this.. Make offer at price - $100k. Seller gets offended. Then I say, "See ya next year" die die die!!!
Hi Flip:
I was just curious how you determine that some of these houses are flippers? Some are very obvious, but others aren't so clear if the owner is being relocated, etc.
If that is true than why do the majority of these flippers ask for extraodinary high prices after only a year or 2 in the home and refuse to reduced the price even after the home is on the market for 6-months. If you have to move you should reduce your home correspondingly for a quick sale.
A question I have is. If the "owners" are selling for only about 60K more after 6 months or so, how much "profit" is getting chewed up by the realwhores??? Kind of like what stock brokers did to investors with churning. We'll just commission you till you're broke.
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