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Real Estate Deal Analysis & Advice

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Adrian Chu
  • Real Estate Broker
  • Seattle, WA
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Easy Condo Flip in the Seattle Area ($90k --> $126k)

Adrian Chu
  • Real Estate Broker
  • Seattle, WA
Posted Jul 31 2015, 01:29

I was the broker for both the acquisition (as selling agent) and disposition (as listing agent) for this transaction.

Bought for $90,000 in October of this year.

Bought a new fridge, new vent hood, installed new carpet, and took care of some small repairs.

HOA, property tax and holding costs were under $350 a month.

Listed the property on the MLS and sold it for $126,000, closed in early March.

Most likely could have reduced the holding period if we started off by listing the property at a lower price sooner. 

  • Broker Washington (#26434), California (#02061077), and Oregon (#201223946)

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