All Forum Posts by: Account Closed

Hi everyone! Last December, we bought a property to flip (NoVa area). We completed renovations, and while it looks amazing, we put it on the market, but we are having difficulty selling it. As a Realtor, I have done everything I can to promote and facilitate the sale. Initially, when we went live, I priced it competitively, and it seemed like a good price. We received excellent feedback and had numerous showings, but only one offer that didn’t turn out to be serious, so nothing materialized.
Unfortunately, the market started to slow down significantly, and after one month, I had to lower the price. I've told every agent since that we are open to buyer concessions at this point. The feedback remains positive, but we are still not receiving any offers. I financed the property with a flip loan, and I am beginning to wonder if this might be a sign that we should hold onto it and refinance it with a DSCR loan through our hard money lender.
It’s disheartening after so many months of hard work, and of course, I’m emotionally invested in this project. After six months, I’m running out of hope and would appreciate any advice. Thank you!