People like to hate on flippers, but they provide a service that the market chooses to pay for.
Buyers are all free to buy fixer-uppers. Most choose not to and instead look for move-in-ready homes. Flippers provide that service for a fee.
Buyers are all free to buy fixer-uppers. Most choose not to and instead look for move-in-ready homes. Flippers provide that service for a fee.
A few months later, we would see the same home back on the market, with a significant markup and basically some light tile work, and a coat of paint. Not really worth the "fee" IMO.
Further, most of the "flipped" homes we looked at were absolutely done by DIYers. Not to knock people who have the drive to do it, but the work was absolutely not to professional standards and not worth the price listed.
So to say that buyers are free to buy fixers-uppers isn't completely true, nor fair.
If the flippers haven't grabbed them already. They've got an information and time advantage over normal folks looking to buy a house.
There's many many ways an interested party can learn advantages over your common house hunter.
Flippers, like scalpers, are scumbags who manipulate a market w limited supply. Flippers are worse in a lot of ways because instead of not being able to afford a concert, people can't afford a place to live.