this post was submitted on 25 Feb 2024
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InsanePeopleFacebook

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Sovcit tried to buy a house, didn't work. (lemmy.world)
submitted 1 year ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world
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[–] lunarul@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

In my area I saw a house that was selling as a fixer-upper, needed a lot of work, the bank wouldn't even approve mortgage for it. It was listed for $800k and it eventually sold for an all-cash offer of $1.26m. They flipped it and sold for $1.87m in less than a year.