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Rehabbing & House Flipping

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Rachel Perl
  • Rental Property Investor
  • Brooklyn, NY
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13
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My Flip is Not Selling

Rachel Perl
  • Rental Property Investor
  • Brooklyn, NY
Posted Dec 20 2022, 08:57

Hi,

I'm hoping to get some advice. We renovated a house in St. Petersburg, FL and it's sitting on the market for over 80 days with no offers yet. It's in a fantastic neighborhood but the layout is choppy. (for example, sunken dining room and steps going down to the 2nd bathroom and laundry room)  After a ton of showings the feedback we're getting is that the layout is an issue. It has a mother-in-law suite which we thought would be a good selling point. The price was lowered multiple times but it didn't help. I'm not sure where to go from here. It doesn't make sense to start doing construction at this point after fixing it for almost a year. I would REALLY like to sell it but if we have no choice we will have to put it on the market for rent, I just wonder if we'll have the same problem. 

I would appreciate any tips. 

Thank you.

Rachel

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