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Home / Seattle Condos / Denny Regrade / Insignia Towers / Did Flipping Insignia South Units Pay Off?

Did Flipping Insignia South Units Pay Off?

By February 27, 2016

Insignia Towers

We noticed how quickly a flipped unit at Insignia went pending the other day and decided to dig into resales at Insignia to see how many there were and how they worked out for the sellers.

My takeaway is that flipping hasn’t been super profitable if you figure 8% in transaction costs to sell (ignoring your costs on the purchase).

Screen Shot 2016-02-27 at 2.15.11 PM

And here is the units that are active and pending (not many!).

Screen Shot 2016-02-27 at 2.16.47 PM

If you want to buy at Insignia you still can. They are 85% sold and have just under 100 units left (all 2 bedrooms, last time we checked.) We’ve helped others at Insignia and would be happy to help you.

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242

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