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Updated over 5 years ago on . Most recent reply

Selling mid-flip. Why?
So I'm finding several properties on my local MLS where it looks like a rehabber has purchased a property, did the demo work, cleaned it up, put on new siding, exterior windows, sometimes a new roof, framed out the structure, and now are advertising it for sale at this point. The only reasons I can think of why someone would do this is A: They realized they are way over budget and are heading for a loss, they want to recoup their investment and move on, leaving someone else to deal with it. or B: they are catering to designer investors who just want to put their finishing touches and design on the property without having to the nasty demo work and such. Is it 1 of these two reasons or am I missing something?
Most Popular Reply

- Real Estate Professional
- West Palm Beach, FL
- 13,508
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@Joe Funari An agent certainly does Not have to tell a buyer why a seller is selling, neither legally or ethically ....if anything, that might open up the agent to not fulfilling their fiduciary responsibility to the seller.