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Updated over 11 years ago on . Most recent reply

Account Closed
  • Brooklyn, NY
2
Votes |
32
Posts

Can't sell my flip

Account Closed
  • Brooklyn, NY
Posted

hello, what should one do if his newly renovated house was on the market for over a year, had at least 3 price drops and went through 3 different brokers?

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Andrew Cordle
  • Real Estate Consultant
  • Alpharetta, GA
400
Votes |
661
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Andrew Cordle
  • Real Estate Consultant
  • Alpharetta, GA
Replied

@Account Closed

Hey, here are some of my thoughts...

When I list flips (over 100 this year) I am watching a few things:

1. If I list a flip and do not get several showings within 2 weeks then I can assume that the house is over priced. Buyers do NOT show up for houses that are over priced no matter whats inside them.

2. If I list a house and get several showings but no offers then I can assume that it is something at or about the house. So I will begin to make changes. If people are showing up to the house it is priced right but there is something at the house that is saying don't buy this house.

Also keep in mind when flipping there are three things that sale houses:

1. PRICE

2. PRODUCT

3. PRESENTATION

You must focus on those three things when you are working on your outcome or sales.

If you have any questions please let me know I am more than happy to help you in any way. Again flipping is my game I have done literally 100's of them. I bought over 1 million dollars this week alone in new flips.

Good Luck!

Andrew

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