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Jim Welch
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How long should my flip property sit on market before I worry

Jim Welch
Posted Jul 22 2018, 07:57

Dallas Texas Market
Purchase Price: 84k
Estimated ARV: 149k
Renovation: 30k
Current Days On Market: 55
Original Listing Price: 149.9k
Current Listing Price: 146k
Current Net Profit Potential: 10k


This is my first flip and I expected a week or two on market (maybe this is naive?).

Most of the feedback is they don't like the neighborhood. I've gotten a couple people who didnt like the layout of the home and a couple people who didnt like the W/D hookups were in the kitchen. I'm trying to determine if I need to just be patient, keep dropping the price, or make improvements to the home.

Im listing with an agent and we had a lot of showings our first week and a few showings a week since then. Moving the W/D is about a 2-3k (which is why I didnt do it to begin with) but if it sells the house I'll do it. I'll accept getting a pretty measly profit margin since its my "throw away" first flip. I do want to insure it sells and I dont lose money on the deal. Looking for advice! 

Im not sure if Im allowed to link to the property here so I'll avoid doing so to make sure the post doesnt get flagged.

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