Better understand ATTOM Data Solutions elements, report definitions, real estate insight and industry knowledge.
There are currently 3 terms in this directory beginning with the letter G.
A geocode is a set of coordinates, usually longitude and latitude, representing a specific physical location. Precise latitude/longitude coordinates for a property make mapping applications accurate. Address-based interpolation and Parcel-centroid methods are both ways geocoding is used to locate a parcel.
Gross Flipping Profit
The average gross flipping profit is the difference between the purchase price and the flipped price (not including rehab costs and other expenses incurred, which flipping veterans estimate typically run between 20 percent and 33 percent of the property's after repair value).