Do you tell the room you're flipping it, or just call it your house?
Something odd came up when I was walking a place last week. The listing agent asked me what my plans were, and I said I'd be living in it and fixing it up over a couple of years. Her whole tone changed. She started talking about how the sellers wanted it to go to a family.
So now I'm not sure how I describe myself. A live-in flip is genuinely my primary residence for two years. I'm not lying if I say I'm buying a house to live in. But I do intend to sell it, and I'd be putting my resale exit in front of a seller who might price differently or pick a different offer if they knew.
The argument for saying it plainly is that it's true, you keep a clean record of what you told people, and some sellers actually like a buyer who isn't scared of the roof. Contractors and neighbors treat you better when they know the plan too.
The argument for just saying "it's my house" is that it's also true, it's nobody's business what I do in year three, and volunteering your exit strategy in a negotiation is how you lose money for no reason.
I don't have a deal yet so this is theory, but I'd rather decide before someone asks me across a kitchen island. Disclosure rules on what a buyer has to say vary by state anyway, so I'm asking about practice, not law.
When a seller or their agent asks your plans on a live-in flip, what do you say?
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