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Unlike many investors, who work behind the scenes to find buyers without ever listing homes, “The Flipping El Moussas” list their flips with agents on the open market. This means that any interested buyer can attend open houses, place a bid through an agent, and hopefully secure the house of their dreams. Unfortunately for “Selling Sunset” fans, Heather hasn’t been a listing agent yet. One flip, a 2-bedroom, 1-bathroom home on a three-quarter-acre lot, sold for $610,000 in 2023. That same year, a more grandiose flip with 4 bedrooms and 3.5 bathrooms sold for $2.3 million, which is $300,000 more than what the home is valued at today.
Although the second season hasn’t premiered yet, the couple often announce their flips’ market debuts on Instagram. “House 1 out of 14 from season 2 of Flipping El Moussas is finally completed and for sale for $1,299,900,” announced Tarek El Moussa, via Instagram. “Can’t wait to see how quickly this house will go.” He didn’t have to very long, as the home closed for its asking price two months after it hit the market. One of the latest El Moussa flips closed over their listing price in under a week, which is the ideal scenario for real estate investors. So, if you want an El Moussa home, you’ll have to have cash, an agent who moves fast, be able to put in a competitive offer, and potentially be ready to get into a bidding war.
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This article was originally published by a www.housedigest.com . Read the Original article here. .