In a recent study I did of homes that were purchased and then listed soon after, i.e. looking for flippers I happened to come across this listing of a property in the Bellaria so called gated community. The home was purchased back in 2018 for approximately $600,000. Apparently a lot was invested in it for amenities such as a pool, and lots of lipstick and rouge on the insides. No matter what you do, a stick built house by a major developer is nothing near what a custom home is, which is why I was so surprised to see it listed at over 1 Million Dollars! You can see for yourself here.
If one recalls the fiasco that the developer created in building a so called gated community right next to a horse ranch property, it makes one wonder if the so called Real Estate Agents are properly disclosing to potential buyers what they are buying next to! I guess not talking about it but showing a quick view in their video is enough to get them off the hook.
SALES VIDEO OF 6135 Pebble Glen Court Watch for the AERIAL VIEWS!
One thing that should be disclosed and probably isn’t is the drainage the developer got away with right on the other side of the owners wall on the owners property. If that ever fails it could be catastrophic. The history of that craziness is well documented both on this blog and others, as well as County and City records. Let’s hope they used real cement in that wall!
It’s also interesting to see that this property was listed prior at a lower price and then de-listed only now to be re-listed at an even higher price? I wonder what changed? I guess hope that there is a sucker born every minute. Only this time, with the recent downturn in economy, scare of the Corona Virus (NOT THE BEER) and who knows what else, it’s going to be tough to turn up another sucker. There is one thing that can be learned here folks, flipping is a risk, be ready to live in your house a long time, possibly in self isolation.
Oh, and remember warsh your darn hands and don’t touch your noggin.
Dusty