All Forum Posts by: Sherry F.

That's exactly what I was concerned with, Mark. I discovered two issues that I am currently trying to get changed that really amplify that perception. First, the MLS Mobile App here automatically pulls up properties in a consumer's current location, if no filters entered, it shows the most recent Sold flag on top of the Active flag. The consumer has to click the Sold flag to see the Active flag, hence it is emphasized that it just sold for much less than I am currently asking. Second, the previous seller's agent listed it with wrong sf per HCAD even though he indicated the sf should be verified. It was 500 more sf than the actual sf (I knew the correct amount before buying and based my lower offer on this knowledge), but this makes it looks as if I bought the house for much less per sf than I did. I listed at the correct sf so the psf is higher. I am sure realtors and consumers think it looks like I am asking for an excessive amount (even if the comps say that is what it is worth in its rehabbed condition). I am asking our MLS folks to change these issues. How did you respond to buyers/realtors who tried to use this in negotiations?

Thanks, everyone for the great advice! It has now had 400+ views on MLS with no requests to visit the property. The market has been so crazy here that my rentals are gone within a day if I even get a chance to list them. I helped my daughter buy her first house this Summer and had houses with contracts on them within a day with offers over the asking price! First time I have seen that in TX. I have to laugh at myself for being so concerned as it has only been listed for 5 days :) Funny how our expectations change so quickly!

Hi Hattie -

I am in Spring, TX, NW part of Houston.

Thanks, Sean!

Also wondering about how soon to lower price if needed without looking desperate?

Hello all- first time to post on this site. I am looking for advice, insights from an agent or investor on pricing my first property flip. I am a re broker in TX, but strictly work for myself and up until now I have kept all of the properties I have purchased for rentals. The market is so good here right now I thought I would try to flip a few. So, I bought a distressed property for a very low price of $119k, put about $27k into the rehab, and put it on the market for $199,500 ($95 per sf) which the neighborhood should support. The last house sold for $93 per sf in 2 days. Mine has more updates. I listed it, have had 300+ views, no calls or showings. It has only been 5 days, but in this market... I am wondering if a realtor would see what I paid for it and feel the increase was too much (even if comps support the price)? Another problem is when I bought it, the seller's agent used the sf from tax rolls that are about 500 sf too much. So it looks like I paid $49 psf instead of the $63 psf that I actually paid. The house is beautiful inside and out, so any advice?