Selling rehabs on MLS

[Chris Johnson]

Hi all,
Im yet to buy my first property to do the rehab. But i want to ask this question proactively. My plan is to buy a distressed property, do the rehab work and sell it in 3-5 months. I dont see MLS as a good place to sell the property. It will show the price of this house i bought 5 months back and give buyer a chance to negotitate heavily. How do normally flippers sell their properties. Did you had any experience with the issue that im talking about.

thanks,
Chris

[Vikram C.]

The MLS is a major source of potential buyers and I think you should not avoid it unless you have a very strong buyer's list and are sure that you can sell the property without the MLS.

I also think that the price you paid for the property does not really matter - buyers are going to pay whatever the property is worth, especially if you can rehab it well and price it such that you get multiple offers.

Finally, in some states (e.g. AZ), you can get the seller's cost by checking with the county recorder and do not need the MLS for that.