Help! I need to sale my flip
So my partner and I have a house worth 330k and we have not been able to sale it on the market. We bought it Subject to for 100K but have not been able to sale even after dropping the price to 315K. There is about 180k left on the mortgage and we have not been able to get anyone to bite, even with owner financing. What options do I have left to sell the property?
Most Popular Reply
A property is worth what someone will pay for it. If nobody will pay $330K, it's not worth $330K. If nobody will pay $315K, it's not worth $315K.
With real estate, there are three factors that impact your ability to sell: Location, Condition and Price.
You can't control the location, so the only two levers you have are condition and price. You can improve the condition and hope to increase the sale price or you can just lower the sale price.
Those are your options. Pretty simple.
With real estate, there are three factors that impact your ability to sell: Location, Condition and Price.
You can't control the location, so the only two levers you have are condition and price. You can improve the condition and hope to increase the sale price or you can just lower the sale price.
Those are your options. Pretty simple.