Buy down and sell up.

[badmomma]

It is probably preferable to purchase a flip during a market down turn and then sell during an upturn. People of course are going to expect to get the best price from the sell of their home but it won't happen.

There are of course others that are just trying to rid themselves of properties due to the lack of finances. Having to pay an extra bunch of bills is a real motivator for some.

Property taxes can eat up any extra income that you may be trying to save. Getting rid of the property rids you of that bill. I have seen some nice little houses sell for just a couple of thousand dollars compared to tens of thousands that would normally be asked.