How long to stay on the market.....
Hey Everyone,
I just completed renovation on my first flip and went on the market a week ago. Within the first day we received 2 offers for about $20,000 below our asking price and after another 2 days we received a full price offer that also included an additional $5,000 towards the buyers closing costs. We countered back at $2,500 towards closing and the deal was accepted. One day afte going into escrow we received another offer which was essentially $5,000 more than the one we accepted :(
We're going to do well on this flip, so I'm definitely not complaining about my situation but for future reference I would like to ask the more experiened investors on BP the following question:
Do you think I should have held off on accepting the full price offer and let the property stay on the market for a little longer?