Question for Flippers from Potential Buyer

[Scott Wolf]

Hi All,

Looking for flippers to answer a question I have.  I have a client looking at a house, and as a RE Professional, I can see from data, that the house was purchased last year at a much lower price then being marketed for (a flip).  With this knowledge in hand, my client wants to come in under the asking price 15%, which is equal to an almost $115,000 discount.  That being said, there will still probably be profit left in the flip for the seller. The number still leaves $200K above where the seller bought the house a year ago. My buyer would be coming in all cash (with proof of funds) with just an inspection and title insurance contingencies.  The market the house is in is very flat, if not down.  

My questions to flippers is, what would your reaction be to this type of offer? Would you even counter it?

TIA,

Scott