Property to Command x price vs Asking price
hi all
I was talking to my hubby.
We just acquired our next project.
We were going over our numbers, budget and planning.
Looking over comps.
Hubby: so what is our asking price?
Me: I don't know. But I want the property to COMMAND $x price when I'm done with it!
As an investor I'm adding value to this acquisition. Hopefully making the right value added decidions so it can command X price.
As a Realtor, I just showed a house yesterday. My buyer said, "Man this looks like a flip!" Of course she was right. She said, "nope not paying for this." It was unfinished and asking was higher end.
As a flipper, the last thing I want is someone to think my product is a flip job. I strive for quality work, at competitive price. I do higher end flips.
I just thought it was funny, when I talk to my sellers on listing appointment we use the word ASKING price... Bc most time there are issues with the home.
But when I do my projects and I address the issues the properties had, I use the word COMMAND.
Anyone else think this too?