First fip completed, however, it has been sitting on the market for 3 months! Help
Hi everyone! I am a new investor in the Hampton Roads Va area. In January I rehabbed my first property. The job was supposed to take 6 weeks it ended up taking 11 weeks. The intial budget was 73K including the price of the home and the final amnout spent was 85K. Despite the fact that I was over budget and time I am very pleased with the outcome of my first project.
I had a full price offer of 120k and a ratified contract within the first 3 weeks that the property was listed. However, the contract fell through and ever since then there has not been much activity. The home is listed with a real estate agent. Any advice as to how to proceed?
I am in the middle of a second project and want to get the first sold!