Woodstock, OH · Member since 2017 · 9 posts · 0 votes
This is our first flip and of course nothing has gone as planned. But we finally got through construction and got the house listed...... and NO offers yet. It's been on for 2 months (which in our market is a long time), multiple showings and 1 open house (another happening this weekend). We have used social media and dropped the price 2x already and still nothing. House is 4 beds 3.5 bath, 2,800 sqft on 1.38 acres. I still do not think we were overpriced to begin with but something about this house just isn't getting it sold! We are looking for advice on other things we can do to promote the house or maybe some tips for this upcoming open house? Thank you!!!
Flipper/Rehabber · Montgomery, NY · Member since 2016 · 2k+ posts · 1k+ votes
9y
Without an address or listing no one can really help. See other posts about this, as soon as the listing shows up, seasoned investors offer up their honest feedback.
It's also listed on trulia and zillow. We are using an agent. I run comps weekly to make sure the price is still reasonable and competitive with the market. Thank you!
Tucson, AZ · Member since 2017 · 24 posts · 48 votes
9y
On quick review, the house looks good, nice and finished.
The only thing I noticed is that there is plenty of horse parking, but no car parking. It looks like most of the other properties in the area have at least a 2 car garage and they are at or below your asking price, although they have less sqft or less lot size. This may not be a big deal to a rural based farming family, but it can be a big deal for a commuting family. It could also matter to the tinkerer that wants a place to work on small projects and it doesn't look like there is anywhere to do that on this property. Are other properties in this rural area moving or is it generally slow all around?
During your open house, make sure to get good solid feedback about the features of the house. Ask a question like, "if you could add or take away any feature about this house, what would it be?". Try to get a conversation going to see where the buyers head is. You can sell around what you know, but not what you don't.
Bloomington, IN · Member since 2017 · 53 posts · 37 votes
9y
Is it typical in the area to have that large of a barn with that little acreage? The first thing I thought was that someone wanted the farmland and split up the actual farm lot into the tillable land and then the house and barn they didn't want. From my standpoint the house itself looks great. The barn just seems awkward. It's more than I would want to take care of for the property size, and based on the limited pictures it doesn't look terribly useful as it is.
Could the barn be converted to a garage or work shop at a reasonable price? It looks like a nice structure for storing large farm equipment, but not much else as is.
Woodstock, OH · Member since 2017 · 9 posts · 0 votes
9y
the realtor was supposed to have changed the pictures a little and we just added the aerial shots a friend did for us. Barns like that are very typical for the area. It could be used to park in as is. Or someone could add garage doors to it. We do not have the money to do that. This house was a bank owned repo and had holes in every wall. Everything in this house is new. Also the privacy fence was put in by us. Houses comparable to ours with a garage went for around $300,000 so without a garage we are appropriately priced. We have a family that is very interested just no offer yet due to bank issues. We just want to make the most of the open house this weekend.