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Rehabbing & House Flipping

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John Warren
  • Real Estate Broker
  • 1658 N. Milwaukee Ave Ste B PMP 18969 Chicago, IL 60647
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Drop the price to sell?

John Warren
  • Real Estate Broker
  • 1658 N. Milwaukee Ave Ste B PMP 18969 Chicago, IL 60647
Posted Nov 3 2015, 17:48

Hello BP community,

I am currently in the process of selling my own home. My wife and I have rehabbed it over the last three years, and now we are going to sell and use the profits to house hack!

The house has been on the market for a month, but there has been no traffic this last week. The first two weeks saw tons of traffic and over 25 people between two open houses.

We are priced fairly competitively (only two comparable cheaper in our town), bit I am wondering if I should start dropping the price. We are located in an A neighborhood with VERY desirable schools, but on a busy street by the train. 

What  would you all do? Drop the price to repopulate on Zillow, Trulia, etc? Leave it alone because it's the Holliday season? We really want to sell so we will have the capital to accelerate our investing.

  • Real Estate Agent IL (#475.166619)

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