The Real Estate Flip
The “flip” is a scheme which real estate agents must be aware of and avoid. This manoeuvre has been a source of great concern to the ACAIQ in recent years. It consists in the quick and successive sale of the same property with a substantial and unjustified price hike. Both transactions often take place the same day, a few minutes apart. The instigators of the flip, often part of a structured organization, first simulate an interest for a property by presenting a promise to purchase to the sel
Original post by PGS Real Estate