flip
1. verb To purchase and then repair or remodel a house for sale, ideally in a short period of time with the goal of maximizing one's profit on the sale. A: "Beige is so boring. Can't we use a bolder color?" B: "No. We're only flipping this house, and neutral colors will appeal to most prospective buyers." We were supposed to flip this house in a matter of months, but then our building permits got held up with the city. Are you sure the sellers flipped this place? I'm seeing a lot of high-end finishes.
2. noun A house that is being or has been flipped. A: "Beige is so boring. Can't we use a bolder color?" B: "No. This house is a flip, and neutral colors will appeal to most prospective buyers." Look at the cheap cabinets and flooring they used in the kitchen. This place was definitely a flip. Guys, you'll never make money if you hold on to a flip for this long. The goal is to fix it up and get it on the market.
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