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AfterBefore Flipping houses in Richmond risky but can be rewarding

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Pam Nasworthy has bought three houses in Henrico County to renovate and resell. Her last experience was nerve-wracking, reflecting a market for flipping houses that has changed in the past year in the Richmond area. The quad-level house off Hungary Road sat on the market for more than a year before the right buyer came along in August and offered cash. That was after a couple of costly natural disasters, including a pipe that burst last winter and flooded the first floor. “I’m going to stick to my primary business of listing and selling homes for now,” said Nasworthy, associate broker with Long & Foster Realtors. People are still buying and renovating houses to resell, but good deals are...

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