Mandatory Flipping Comment

According to [MLS] Records, there have been no instances of sales in the market area of the subject property in which sales of the same property occurred within six months of each other and such transactions had an increase in sales price of more than 25%.  (Paragraph 539-3-.02(1)(c) 2. f., Georgia Real Estate Appraiser Classification and Regulation Act and the Rules and Regulations of the Georgia Real Estate Appraisers Board as amended August 1, 2006)

 

Legitimate Flipping

According to [MLS] Records, there have been several instances in which sales of the same property occurred within six months of each other and such transactions had an increase in sales price of more than 25%.  All were legitimate flips in which an individual or company purchased a property, improved it, and sold it at a profit. (Paragraph 539-3-.02(1)(c) 2. f., Georgia Real Estate Appraiser Classification and Regulation Act and the Rules and Regulations of the Georgia Real Estate Appraisers Board as amended August 1, 2006)

 

Modified:  1/15/2021