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Identify Buyer TypeFor each property, identify who you think will buy the property. This will form the focus on what you do to a property. If the property is intended for a single person or a retired couple, there will be no reason to reconfigure walls to make extra bedrooms as there would be if the property is identified as appropriate for a growing family.So your prospective buyer could be:
Well, you get the idea. The importance of this aspect of your investigation will show itself when considering the scope of work to complete before sale. You will need to think about what to do to the flip with a specific buyer in mind. Admittedly you will not know the buyer, but look at the neighborhood. Who lives there now. Take this as an indicator of who will want to buy your flip.
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Prepared 2006-2010 David Ullian Larson |