Can you get a good deal on a home that has been flipped?

[Juan Zamora]

Hey guys, I'm trying to understand the mind set of the "flipper" and how this could be a opportunity to buy if they are willing to discount. Here's the general info I have gathered from MLS, and local tax information.

Home is listed for 600k, 

3bd, 2ba, 1640 sqft 

Home built in late 80s. 

This home was done by a flipper, and they bought it at the height of market price at 500k in July . Not sure how much money they put in but looks like flooring, cabinets and painting.. they had this listed at 650K in September. It’s been sitting on the market close to 100 days now and they only have dropped about 7% in price or about 50k. 

If your looking to buy this one and done home, in this market and where time is money for flippers, what type of offer do you think you can make on this? 

Would one make a low ball offer? Or why would they not price drop to be competitive in the area where the size of the home medium prices are around 550k.

any good insight would be great to hear. And I know this is a place we’re we have flippers and investors so, this is a cut throat business we are all in and some make it and some don’t, some eat each other up and others win.. 

thanks