Did I screw up?

[Spencer Rossie]

I have a condo currently listed for $39.5k (one week today) I did a quick flip on. The property rents for $650 easy. Purchased for $19,150 and put just shy of $3k in repairs, however I skimped on repairing some rot around an exterior glass sliding door. There has been 2 showings and 2 more scheduled. Feedback from one buyer that has seen the property was their concern about the rot around the door. My question is should I go ahead and take care of the remaining repairs while it's listed? I'm concerned I may have jumped the gun listing it.. It's only been a week so can just ride it out or should I go ahead and take care of it? My agent is aware and knows I will fix the issue if its written in the offer. $39.5k is below comps and a great investment price. Other than the rot it's in perfect condition..renter ready. New carpet, kitchen counters, appliances, and updated AC.

[Stephen Barton]

Personally, if it was me- I would not give anyone an excuse to talk me down anymore than what you are already listing it for. This will be a negotiation tactic a buyer's agent will use against you. I am more of a wholesaler and full disclosure I have only done one flip to day, but I would do anything that would keep a buyer from complaining. 

When a buyer sees one item then they will start to really pick things apart looking for more flaws. My two cents @Spencer Rossie  : just get it fixed and any other little item that is an easy fix that is easily noticeable. 

First impressions as they say last a lifetime. You cannot take things back, you can only do damage control once problems come to the surface. Your best bet is to correct the issues and get it looking good. In fact, a good agent will inform you that they can pull the listing-let you make the needed repairs and then put it back on the market. Good luck!