Miami condos attract a variety of buyers, including retirees, investors ... and flippers. Flippers are people who purchase Miami condos and resell them at a profit, before they are even built.
Business Wire today announced the release of new web site tools that make flipping Miami condos even easier, helping to connect buyers, sellers, brokers, developers, etc. Many analysts are very concerned about the overheated real estate market in places like Florida, and the excess of pre-construction homes being wheeled and dealed is a big source of that concern. New flipping tools may make cut-rate "panic-selling" of Miami condos less likely, which could help stave off a crash of the local real estate market.
