Metro Phoenix home flips climb

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By Catherine Reagor | Arizona Republic

“Hi my name is Mark, and I would like to make you a cash offer on your house. How much will you sell for?” the text read.

It was the eighth I received last week from investors wanting to buy my midtown Phoenix house and flip it. Another 10 had called my cellphone.

They call, they text and they knock at the door with offers to buy metro Phoenix houses “as is” for cash. Home flippers are aggressive in the Valley now, and a growing number are closing deals for houses despite rising prices and fewer homes for sale.

Home flips in metro Phoenix recently climbed, even as the area’s median home price hit a new record of $278,000. Overall, U.S. home flips are up too.

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