Updated about 8 years ago on . Most recent reply
How soon is too soon?
Hey guys, first post here on BP.
An agent friend of mine brand new to RE(first year) Just sold a house to a cash buyer (completely closed on the 3rd of Jan. The cash buyer has already put in renovations, and requested information on how soon he can get the house back on the market. He immediately called me to tell me the good news. When I asked what his response was he stated he told the cash buyer now seller that he recommended waiting a few months. The seller estimates renovations to be done by the 3rd of feb. if all went as planned for the seller, why would he not get it on the market that day or sooner?
As a potential flipper to be, I was curious was this good advice from my agent friend or is that not such good advice on his part.
Additional background of the flippers relationship with my buddy the agent; the flipper agreed to have him become his agent based on the fact he didn’t like his previous agent. As a newbie myself, I would only imagine the faster (quality control included and inspection passing work only) the renovations are complete the sooner I’d want it back on the market. Previous posts I’ve seen said they want to have the house purchase closed, renovated, then sell closed again in 90days. Is that a reasonable rule of thumb/time frame?
Area: Sacramento Ca (Natomas)
House: Listing Price:$379,900 Selling Price:$350,000 (cash)
Property Subtype:1HSL
Beds:3
Baths:3 (2 1)
Structure:2107
Approx Acres:0.1731
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