Home Flipping Houses The Top 5 Ways to NOT Sell Your Next House Flip

The Top 5 Ways to NOT Sell Your Next House Flip

by admin
0 comment

The top 10 list is always fun, but let’s add a twist to it.Take a look at the top tips to incorporate if you have please do not I want to sell my house faster, I want to have a higher ROI, I want to lower my DOM.

Top 5 Ways to Not Sell Next House Flip

Overpriced on the assumption that you “negotiate”

As you know, price is the biggest motivator for all real estate. It is summarized in the target real estate, its location, equipment, etc. in that price range. Investors can become greedy and invest with the idea that “if you put a high price from the beginning, there is room for negotiation.”

This is wrong for several reasons. First of all, you should always set a fair price for your home for its market value. Setting the price correctly will create more demand, more shows, more legs on the door, and more offers. What do you guess when you have a lot of interests and multiple offers? We are now in a multi-offer situation where you can choose the best and the best.

Here in Dallas / Fort Worth, it’s not uncommon to see offers offered for $ 15,000 to $ 20,000. Setting the bar high from the beginning reduces the above results and can lead to the effect of “what’s wrong with the house”. If a home is on the market (because it didn’t set the right price) and doesn’t move right away, people and agents likewise start wondering what’s wrong with the home. Set an appropriate price.

Don’t market it

Marketing is for birds. Who has the time to do it? I hope you can sell it just by putting a sign in the garden and crossing your fingers. That’s my favorite method (it’s not). Please do not do that. Instead, you need a plan to market your home.

Flyers, single real estate websites, postcards to neighbors and buyers are all useful to get your home moving. If the subject property is near five other similar homes on the market within a quarter mile radius, you distinguish you because those active ones are currently your competitors. is needed.

Related: The seven deadly sins of real estate investment

Do not use professional photos

This is a kind of marketing extension. It has to be its own point, as it is so important. 95% of homebuyers are starting to search for homes on large sites that they are confident they don’t need to refer to their home on the internet. Buyers shopping online will see all sorts of distractions, including sidebar ads, pop-up ads, and other homes listed on the left, right, and bottom toolbars.

How to Sell-Flip

If they pull up the house where you just put your blood, sweat and money and you take some amateur shots on your latest iPhone, they will be faster than you can say NEXT You will browse the next house! Good photos are not just for professional equipment, but also for experienced professionals to capture great angles that complement the home and help buyers weave a story that gives the buyer a visual idea of ​​the layout of the home. is.

Related: Think like a buyer to sell your next property fast

Rehab and cheap

Rehabilitating a home is never a good thing. After all, the neighborhood only supports certain minimum rates and caps, and if you go too far, you’re not going to recover all those extra money put into rehab.

But at the same time, if you do the bare minimum and don’t build a house to meet local standards, you’ll be thrilled to see the “for sale” sign stay in the yard for weeks or months and then “decrease.” Get ready to do it. Sign rider.

Flipping tip

Ignore the appearance

After being turned over, I have seen many beautiful houses. The problem is that the buyer doesn’t know it’s a great home because you ignored the outside. Buyers are wondering how gorgeous your rehab is, how open the kitchen is, or if the master’s new granite top has a half-living shrub with bare flower beds and dead grass on the outside. Are you supposed to know how great it is? Easy Answer: They don’t. You need to lure them into the house, and it starts with a first impression of appearance.

That’s all for this week, everyone. So, the next time you rehabilitate, the next time you think, “Hmm … I don’t want to sell this,” follow the steps below.

What other tips would you like to add for anyone who wants to bring their list to market?

Please leave your best (worst) tips below!

You may also like