Posted by: phillipsre | August 11, 2016

Flipping Condos for Profit Before They Are Even Built

buildingWe are all aware that the Seattle real estate is hot and a little bit out of hand. But this article from the Seattle Times takes it to a new level. People are now reserving condos under construction and then flipping them for a six-figure profit before they even open. One real estate agent and blogger did some research into the new Insignia high-rises in the Denny Triangle, and found out that some owners that pre-purchased their condos in the building, have now gone ahead and sold the unit for a 20 percent profit. The summer months are always a hot time for the real estate market, and in Seattle luckily the inventory is improving, but at the same time the prices are also increasing. For more information on this crazy market, click here to get the details.

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