Updated over 8 years ago on . Most recent reply
Can't sell this Indy flip. Help!
I would like to get a local opinion on a flip I am selling in Indianapolis. We are approaching three months on the market with no offers. We had it staged and did another open house two weekends ago after dropping the price by $1k (to get on the "price drop radar.") There were few people who even showed up. We dropped it another $4k since.
Last showing's feedback said, "Did not like the layout."
In any case, there has not been much interest, and I wonder whether the price may be too high.
Can anyone local give me an opinion, please? Thank you.
Most Popular Reply
It is way too close to 38th St. It will probably never sell at that price. You are a few miles off. If it was on the south side of Fall Creek closer to 28th St through 16th St it would have sold pretty quickly at that price. If it was even more north past 46th closer to Broad Ripple you may have had a better chance at that price......but 38th St??? It's definitely overpriced. Did you get lured into that property because of the state fairgrounds as a selling point? The home and renovations are absolutely beautiful but you need to move it a few miles out to get that price point.