I was just woundering why a house would be sold 4 times in 3 years? I was told the person that build this home was a contrator and this is how he makes his money. He builds a house and lives in until he has his next house finished and moves on. But my point is this house has sold 3 more times?  
 
Is there that much money to be made to live in a house for 6 months and flip it? This is a brand new house so I don't think they would be doing any improvements.  
 
After 3 flips this house would have to be priced out of the market to make any more money?  
 
Interested in what other people think?

Amityville.

I think there is something about six months and if you sell within that period and make money, you don't pay capital gains?

People move for all sorts of reasons. If I had the address I could give you the sales price on each transaction. I doubt all owners flipped for a big pay day especially if it was a new home.

shopaholic said "Amityville. "

too funny.

Your not sorry! said "People move for all sorts of reasons. If I had the address I could give you the sales price on each transaction. I doubt all owners flipped for a big pay day especially if it was a new home. "

I think I will leave this as a general discussion, The people selling it now could have many reason why they are selling it.  
 
To the people that flip houses is there money to be made with all the cost of buying and selling and moving costs. I would not think so with new homes. With older home that you could do some upgrades I think money could be made.  
 
Edited by cooper, 2009-11-20 12:57:02

Your not sorry! said "People move for all sorts of reasons. If I had the address I could give you the sales price on each transaction. I doubt all owners flipped for a big pay day especially if it was a new home. "

It is illegal according to privacy laws to disclose this information without reason, and if you have access to this information there should also be a code of ethics to follow

All sales information on any home in the city is available at land titles for a $10.00 dollar fee. Real Estate sales are public information. Please recheck you info.

Your not sorry! said "All sales information on any home in the city is available at land titles for a $10.00 dollar fee. Real Estate sales are public information. Please recheck you info. "

do a title search at land titles for $10, but it will not tell you how much a property sold for but will tell you current owner and any leans/mortgages/easements against the property. Real estate sales details such as price are not public information and can only be disclosed if:  
a) the current and previous owners are contacted and give permission for such information to be used  
 
b) a home that is comparable is being appraised for some reason such as sale or home insurance  
 
This information is not supposed to be given out just because someone is curious, as it is private what anyone makes or loses on the purchase or sale of personal property. Is it my business what you sold your last car for?  
 
Please recheck "you" info

Amityville.  
 
Winner! Thread over!

I once had the neighbors from hell. They had inherited a bunch of money and paid off their house and put in a hot tub. they then chose to party every night yelling and screaming when running from hot tub to house in January while in a bathing suit, (at least I hope they were in a bathing suit). Maybe these people are now the neighbors to this house and the owners just want out.

cooper said "I was just woundering why a house would be sold 4 times in 3 years? I was told the person that build this home was a contrator and this is how he makes his money. He builds a house and lives in until he has his next house finished and moves on. But my point is this house has sold 3 more times?     Is there that much money to be made to live in a house for 6 months and flip it? This is a brand new house so I don't think they would be doing any improvements.     After 3 flips this house would have to be priced out of the market to make any more money?     Interested in what other people think? "

Are you thinking about buying it? Is there a property disclosure on the place? Have you spoken with neighbors or others to find out?

cooper said "    Your not sorry! said "People move for all sorts of reasons. If I had the address I could give you the sales price on each transaction. I doubt all owners flipped for a big pay day especially if it was a new home. " I think I will leave this as a general discussion, The people selling it now could have many reason why they are selling it.     To the people that flip houses is there money to be made with all the cost of buying and selling and moving costs. I would not think so with new homes. With older home that you could do some upgrades I think money could be made.     Edited by cooper, 2009-11-20 12:57:02"

i doubt it there would be much to be made off a newer home to be worth it. people could sell it for various reasons - transfers, people realize they cannot afford the mortgage, or sometimes family members just transfer the title around.  
 
- the price of it would also need to be reflective of those in the neighborhood as well. with the costs you are paying  
i too can see an older home where you can purchase the house at a lower cost by buying down on the repairs/upgrades that need to be done, but a new home???, I imagine it would be a big risk - you'd have a flip it pretty quickly to make any type of profit, especially if your upgrade is a basement, or updated kitchen/bathrooms/landscaping? I':d be cautious about buying a house before 7 years with a new basement, since it takes about that long for the foundation to settle. You don:t know what you have behind the walls if you can:t see it (once settlement cracks start you can have a mess if you get leaks and have to start tearing it apart!!). it:s easier to wait til things have settled, parge the cracks, and then finish the basement.  
 
what types of upgrades did they do to "flip" it 3 times??? Or did they just the property that many times?  
 

Too much insight here. If it concerns you, then be upfront and ask your neighbors.. What could be simpler than that? If you don't have a personal stake in the property, why the big concern. It's like asking "why is the sky blue?" Many valid reasons or situations are plausible.

But under the land titles search on Manitoba OnLine or going to the Land Titles Office, yes you can find out what the Consideration is. The Consideration is the amount that the purchasers paid to purchase the property. This amount is needed for records so that the Purchasers can pay the Land Transfer Tax.  
 
Yes, all of this information is public knowledge for a price. You can find out any information at the Land Titles Office that go back for many many years, like mortgages, caveats, encroachments agreements, and liens. As well as Considerations, mortgage amounts, past and current owners, and which law firm they went through.  
 
Each copy of the documents cost a price (usually $10 per item), but just like QB Registry, everything is public knowledge if you know what your looking for.

My apologies, and if I would have thought a little more what you say would have made sense to me.

Apology accepted.

i'm thinking it's a dump

More than likely the price of the house is just artificially propped up. Very little added VALUE due to 'flips'. People willing to pay more money because of low mortgage rates.....  
 
Ya, no thanks. If I wanted hardwood floors I'd pay the 5 grand myself to install it. Not tack 10 grand on top of the house price.  
 
P.S. (this might make some realtors mad) A house is NOT an investment.  
 
Edited by RyanB11, 2009-11-20 23:17:42