Do Rehabbers buy expensive houses?
This question is not regarding an investment home but rather, my personal house. Was curious if flippers/rehabbers buy higher prices homes?
My house is in a very desirable Philly suburb - great schools, close to I-95, lots of Wall Street/LawFirm/ professional types.
REALISTIC ARV : $1,850,000
The catch: Needs $450k in work. This would be new kitchen, new master bath, full painting interior and carpeting. A new entrance door. Stucco house. Next door to me is 1000 less square feet, 1 acre less than mine. Sold for $1,850,000 a year ago.
I'm wondering if I'd rather just wholesale this house versus get into the weeds with all the contractors, etc.
Is this price point too high for rehab companies, flippers ,etc? Thanks
Most Popular Reply
#2 Market Trends & Data Contributor
Sorry to say but you are overthinking everything. Just talk to local realtors and lets the market decide the price. Why worry so much about flips/ARV ,etc. It's not your problem. There's huge demand these days for desirable location.