My Fix and Flip property not moving in market

Member since 2023 · 32 posts · 21 votes

Hi Friends, My Fix and flip property is on market for 3 months, still not moving may be due the slow market, what are my options

I'm with an agent through him it was listed on MLS, now I want to remove and list it for rent possibly , how do i convince my Agent on this OR wait for some more time on the market

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Andy SabischPro Member

Investor · Jackson, MS · Member since 2021 · 660 posts · 561 votes

If you want some more focused responses, how about sharing the MLS link so we can look at the listing, see the pictures, look at comps and give you better feedback? At times suggestions here that are general in nature tend to get responses that are regional specific which may or may not help you.

We are in a prime buying time before kids go back to school so time is of the essence.

Let us have more details on the property so we can give you specifics rather than generalities. Overpriced is often the reason however.

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Alex HilemanPro Member
Real Estate Agent · Pittsburgh, PA · Member since 2023 · 225 posts · 147 votes
1y
Hello Rajagopalarao,
I would start with talking to your agent about this first and see why he thinks the property isn't moving.
Check to see which homes have come on the market and which homes have sold in the past 3 months. Compare your home to the ones that recently sold and see how your home stacks up against the competition.
Usually when homes sit for that long, it's because they are over priced. Maybe you just need to freshen up the landscaping and curb appeal, or you might need a price reduction.
Have you had any tours or offers? What is the feedback from the buyers?
[email protected]412-804-1171
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Greg ScottPro Member
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
1y
Properties suitable for flipping often do not make good rentals, but you did not provide any details. Realistically, your property is not selling due to one of three problems:
1) The price is not right
2) The property is not right
3) The marketing is not right
Since it is on the MLS, #3 is probably not the answer. See if there are any major defects with the property that can be easily fixed. Otherwise, lower the price.
On another note, why are you asking, "How do I convince my agent?" Who cares? Own your business!
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AJ ExnerPro Member
Lender · Springfield, MO · Member since 2023 · 661 posts · 320 votes
1y
Raj,
Some great points here, I might suggest a 'Bridge to Sell' loan. Some lenders are offering cash-out bridge loans (6-12 month terms) where you cash out of the new appraised value and get some capital out to either wrap up whatever you need to keep things moving while you wait on it to sell.
Without knowing ANYTHING about your situation, or even your market/deal, that could be a way where you continue to market and push it, while you get a little cash out of the deal.
Happy to connect if it would be helpful!
[email protected]417-427-2612
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Peter MckernanBusiness Member
Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
1y
Some people already hit the nail on the head..
The price is too high for the market, and you need to reduce to meet the market. That is what a lot of people are struggling with these days. The pricing needs to be there for the buyer's looking in the area.. This is a 2017-2019 market now, more inventory and more choices.
You can list for sale and for lease same time, and capture the best (may the best option win). That is what I would do and I do for my clients too!
The McKernan Group4.957 Reviews
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Chance White
Flipper/Rehabber · Los Angeles · Member since 2025 · 5 posts · 3 votes
1y
I recently just went through something similar. I had my agent aggressively lower the price and we were able to get multiple offers and accepted one a few days later. Im not saying sell the house for a lower price but dropping the price on the MLS might help get some traction and could trigger a bidding war like it did for us.
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Andy SabischPro Member
Investor · Jackson, MS · Member since 2021 · 660 posts · 561 votes
1y
If you want some more focused responses, how about sharing the MLS link so we can look at the listing, see the pictures, look at comps and give you better feedback? At times suggestions here that are general in nature tend to get responses that are regional specific which may or may not help you.
We are in a prime buying time before kids go back to school so time is of the essence.
Let us have more details on the property so we can give you specifics rather than generalities. Overpriced is often the reason however.
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Jules Aton
MD/DC · Member since 2024 · 1k+ posts · 1k+ votes
1y
Generally it is price although I have to say I've seen some unfortunate flips that sat because they were only sort of renovated or the finishes were not modern. Hang in there, reflect and consider a price adjustment.
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Evan Polaski
Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes
1y
@Rajagopalarao Paidi
The ONLY reason places don't sell is price.
Not saying any of these are specific to your property, but:
Bad Neighborhood
High traffic street
Bad School district
Too small for typical buyer
Shoddy workmanship
Major structural defects...
All of these are non-issues if the price is right. So lower the price. Potentially, it may be worth taking off the market for a week or month, or whatever is needed for your house to show as a new listing, and then relist with a price as close to breakeven as you can stomach.
Of course a lot of factors will play into this, but if you are offering a great house, at a great price, then coming with a lower price could very well create a bidding war to drive up the price.
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Deborah Wodell
Lender · Sanford, NC · Member since 2024 · 358 posts · 120 votes
1y
Hey Raj, lots of solid advice here already. I’d just add—if holding costs are eating into your margins, it might be worth exploring a short-term rental, mid-term rental (like travel nurses or corporate stays), or even a DSCR refinance if you’re open to holding longer. You don’t have to give up on the flip altogether, but pivoting temporarily could give you breathing room and preserve equity.

Also, try relisting with new photos, staging tweaks, and a price refresh—sometimes even those small shifts can bring new eyes to the listing.

Happy to connect if you'd like to run numbers on any of those options!
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James McGovern
Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 409 votes
1y
May be helpful to post an MLS link?
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