Once you have gone through some of the most difficult stages of flipping a house including finding the perfect property to flip, and getting it ready to sell, you must face the last hurdle of selling your rehabbed property. A lot goes into selling a flipped property, and placing your first flipped property on the market can be a particularly stressful and difficult time. To help you get through placing your first flipped property on the market in one piece, here are a few quick tips that should help you find a buyer as quickly, and painlessly, as possible.
Decide How You are Selling Your Home
The first decision you will have to make before listing your property is whether you are going to hire a realtor, or if you are going to attempt to sell your property yourself. At first, it may seem tempting to sell your property yourself as a way to save money. However, without the advice of a professional realtor, you may undervalue your property costing you more money in the long-run. Additionally, selling a home can be a headache without professional help, as you will have to stage, market, and show your house all on your own. Realtors can also be vital in helping you to sort through and negotiate offers from potential buyers.
Market Your Property
Should you decide to sell your property without the aid of a professional realtor, it is important that you take the proper steps to market your property, as placing an advertisement in your local newspapers is no longer an effective way to sell a home. One of the best ways to advertise a property is online. Popular websites such as Realtor, Zillow, and Trulia are great vehicles by which to advertise your house to potential buyers. Additionally, you would be surprised by how important it still is to place a “for sale” sign in your yard with flyers advertising the property. Even in the digital age, for sale signs are a great way to advertise and sell a home.
Stage the Property
Another important part of getting your property ready to sell is staging it. Even if you do a superb job remodeling your fixer-upper, many people will not be able to see past the empty shell of a home to the potential it has to be a great living space. This makes it important that you stage your property with furniture to make it look as inviting as possible so buyers will be able to picture themselves living there. When staging a home, you will want to put extra effort into creating an oasis in the living room and the master bedroom, as these are the main spaces most homeowners will use. To this end, it may be beneficial to have these rooms professionally staged in order to help your property sell faster.
Once you have listed your property for sale, and have begun hosting open houses, it is not uncommon for homeowners to begin stressing if they do not receive an offer right away. In particular, first-time flippers may begin to worry that their flip is a flop. However, it is important to remember that these things take time, and that you will need to try to be patient, as it may take a few weeks before you find a buyer. If after a few weeks of advertising your property and hosting open houses you still do not have a buyer, then you may want to consider whether or not your asking price is too high, if it would be worth it to have your home professionally staged (if you have not already done so), or if it may be time to consider enlisting the help of real estate agent.
Contact us to learn more about how you can make selling your first flipped property as simple and stress-free as possible.