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Flipped vs. Rehabbed -- Is There a Difference? I say: YES
I chose to reblog this as we have the same problem in our area. Investors go in, purchase low, do nothing, then expect to list it at the top of the market. The joy in watching it sit is great! We rehab all our homes from top to bottom. We get a home inspection prior to listing our project, and fix 90% of what's in it, on top of your normal carpet, paint, landscaping. This is why our projects sell within days of being on the market vs. months with the other companies.
Flipped vs Rehabbed
With more and more homes being sold to investors, there are a lot of houses being flipped in today's real estate market.  Not to say there's anything wrong with that . . .
I've seen "flipped" houses, and "rehabbed" houses.  And while a rehabbed property might also be flipped, a flipped house doesn't necessarily have to be rehabbed.
There's nothing wrong with earning a living, or making money.  But, what I've noticed recently are the "fix and flips."  Perhaps a property is swooped up for a good price in a distressed sale situation.  The owner has no intention of living there, and does  put in some sweat equity/elbow grease.  ... more

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