what about flipping up the price in real estate?
..by Vantar Chung
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Charles Wang 2015-06-11 07:07:18
Maybe the creative expression “flipping up the price in real estate” could further boil down to the idiomatic expression “flipping real estate”, as is explained below:******************************************http://www.flipping4profit.com/Whats_a_Flip.phpFlip or Flipping is a term used primarily in the Real Estate Business to describe purchasing a revenue-generating property and quickly reselling (or "flipping") it for profit.Profits from flipping real estate come from either buying low and selling high (often in a rapidly-rising market), or buying a house that needs repair and fixing it up before reselling it for a profit.Under the "fix and flip" scenario, our Consultants will purchase a house at a relatively low price (often deeply discounted from the house's market value).The discount may be due to the house's condition (e.g., the house needs major renovations and/or repairs) or due to the owner(s) needing to sell a house quickly (e.g., relocation, divorce, pending foreclosure).The Consultant will (usually) then arrange necessary renovations and repairs, and attempt to make a profit by selling the house quickly at a higher price (closer to market value).The "fix and flip" scenario is profitable, because the average home buyer lacks the funds to repair and update the house, so they seek out a move-in ready home instead, even if it is a little above market price.******************************************
Michael Wen 2015-06-13 07:43:15
如 Charles 所說的,flip 通常指買一棟狀況很糟的房地產,整修後以高價賣出來賺差價,此意思跟"炒房"不一樣。
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