With the new rule on flipping homes extended--we should at least see the home comparables adjust, if, investors buy homes at a low price and resell at a higher price within a short period time. I hope the appraisers will consider this .I think one of the biggest problems is the appraisals, since some of these homes are selling 
below a decent market value. Hopefully the extended ruling will spur buyers to invest and flip. Maybe a spike in home sales?-----I wish I had the money right now----
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Keller Williams Keystone Realty - Gettysburg, PA
ABR - www.realty-insights.com
The appraisals could get interesting. Flippers are going to have to keep very accurate logs of what was spent and verify that value can be added. I hope we do see a spike here. My area isn't very flip friendly due to values but a general recover of any nature would certainly benefit all of us.
Jan 17, 2010 07:54 AM
RE/MAX Solutions ( Brevard County) - Palm Bay, FL
We are seeing it in my area of Florida. There is opportunity for investors that have cash. This will at least reduce the inventory of homes in need of repair.
Jan 17, 2010 08:06 AM
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