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Selling to a flipper - what costs would there be? I am assuming no real estate fees?

We live in Centerville Oh. Our house is paid for, but we are debating between expensive updates, realtor fees, closing costs, etc and trying to sell as is.  We had one agent over and I believe he thought all our buyers would want to be able to move in and not have to do anything.  I would like to see what a flipper would pay as is - but don't know how to find them.  When I look under flipper - a list of foreclosures comes up - implying that flippers only want foreclosures.  Does anyone know how to get estimates for as is and how much profit a flipper would need to put 20,000 into a house and then sell for $165000-175000.  Thanks!
  • February 20 2012 - Kettering
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Answers (2)

Title costs, deed transfer fees, municipal taxes, etc.

A flipper will probably want your property @ 30 percent off the current market value. This would be their profit margin even if the property was improved.

Personally, I would check with a local real estate agent to determine what you would net from doing a traditional sale and then compare it to what a flipper / investor would offer. Obviously the flipper / investor route is fastest and requires the least amount of heavy lifting. But you may discover that you could net more from having the home listed by an agent.
  • February 20 2012
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Profile picture for sunnyview
You would have to pay your share of escrow costs and the cost of drawing up or reviewing the contract. How much would you need to sell the house for to the flipper with no improvements?
  • February 20 2012
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