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Updated over 5 years ago on . Most recent reply

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Adel Lee
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Difficulty selling flip

Adel Lee
Posted

House located in very hot zip code .4 beds 3 bath 2010 sqf.started with 360k lowered twice.it had 2 open houses about 10 private showings but no offer.The last customer said that slope of the driveway not good.we put almost all money in this house and really tied up.going through stressful situation if anybody has any suggestions please. 

Link below 

https://www.zillow.com/homedet...

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

I don’t see any sold comps over $300k in this area and two competitors with list prices over $300k, one of which bigger than yours priced at $305k, although not a nice rehab like yours. 
You dropped the price by $10k after just 8 days, then another $10k 26 days later. It appears like you started too high to begin with. Also, why only 2 open houses after this many weekends has gone by? You should be open every weekend until it sells. Better marketing and pricing it better with a better sales strategy would be in your best interest next time.

At this point, I would drop the price as low as you can without losing money, hopefully that can get you a nice significant price drop and hopefully get you multiple offers. I don’t know your area or the situation but your agents marketing and pricing of this home was off.

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