Updated over 3 years ago on . Most recent reply
Putting condo right back on market to flip without renovations
I just bought a condo for cash for 205k that is in very good condition but could use a cosmetic makeover in the bathroom and kitchen. As of now based off of everything that sold in the area in the past 6 months it should be valued at 235k-250k. Is it ok to put right back on the market without doing any renovations as I’m afraid the market will become stagnant in a few months because of mortgage rates rising. Any thoughts on listing a property for a higher price right after I bought it for 205k? Will that look bad to a new buyer? How do I explain that if the new buyer asks why I immediately put it back on market for a higher price without changing anything? Any input would be greatly appreciated!