Express Homebuyers Still Flipping
✉️ Want to forward this article? Click here.
About a month ago, we linked to a story that the City Paper’s Ruth Samuelson wrote about about Express Homebuyers, a company that buys, renovates and flips homes in the DC area. With this company’s increasing presence in the DC real estate market, we knew that it wouldn’t be long before we heard its name again.
Friend of UrbanTurf Jen Angotti recently had a post on her blog about a house that she sold in early April that was now being renovated by Express Homebuyers. The Illinois Avenue property sold to the company for $150K, well below the asking price, but the client was in a bind and needed to sell.
Angotti recently passed by the listing and saw that the company is completely renovating it. The kicker is that it will be back on the market in June for $374,955, more than double what it went for just a month ago.
Perhaps these renovations are indeed worth the money, but at least one of our readers would likely disagree. In a comment to our original post, the individual took the company to task saying that they forgot to wire her unit for cable, failed to connect the gas stoves to the city gas lines, the electricity didn’t work and the walls were “paper thin.”
Has anyone had a similar (or perhaps a completely different) experience with Express Homebuyers? If so, let us know in the comments section.
This article originally published at https://dc.urbanturf.com/articles/blog/express_homebuyers_still_flipping/878.
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
A report on the fall housing market in the DC region shows a market that slammed on t... read »
A bridge loan is a short-term financing tool that helps homeowners “bridge” the g... read »
An interesting residential redevelopment has been floated for a former school in Tako... read »
The DC Office of Planning (OP) has finalized its plan to revive the H Street Corridor... read »
The developers of Artena Bethesda have revised the building’s design after the Beth... read »
- DC-Area Buyers Pulled Back Hard in October, And Sellers Are Feeling It
- What Is A Bridge Loan?
- Takoma Park School Campus Could Get Townhouses, a Pool and a Soccer Field
- Taller Buildings, More Arts, Fewer Hurdles: What DC Wants for H Street
- 440-Unit Downtown Bethesda Project Returns to Design Panel With a New Look
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro
