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Updated over 9 years ago on . Most recent reply

User Stats

41
Posts
11
Votes
Daniel Hsieh
  • Investor
  • Spring, TX
11
Votes |
41
Posts

Struggle to sell this home

Daniel Hsieh
  • Investor
  • Spring, TX
Posted

So this is my first flip to generate some capital for real estate investment.

After finishing up with remodeling of the home, I decided to sell it myself through forsalebyowner.com so I can save agent fee and learn how to close the deal myself. While I don't think I am over pricing the home, I am also not generating enough traffic. The house has been on the market for a month and I only got 4 showings. I am a little worried that it is now past summer time and people are not looking actively as before. Should I contact a top producing real agent in my area to see if she can sell it for me or should I just drop the price to see if I can find a buyer? What I am really not sure is how much listing through an agent really help find a buyer. What do they do to drive traffic/people to see my house than what I am already doing (listed in MLS, Zillow and Trulia)

Not sure if I am impatient at this point. Listing through an agent will definitely eat up my profitability. I was thinking maybe I should drop the price further to sell it fast (more cost effective than giving up big lump sum agent fee). What do you all think?

The house is more higher end home in Houston area (390k). 

Most Popular Reply

User Stats

530
Posts
741
Votes
Joel Florek
  • Rental Property Investor
  • Michigan City, IN
741
Votes |
530
Posts
Joel Florek
  • Rental Property Investor
  • Michigan City, IN
Replied

@Daniel Hsieh Unfortunately in some cases realtors who represent clients trying to buy boycott properties that aren't listed with another agent. Some might disagree with me but my mom has been a realtor for many years and currently works as an assistant for a few different realtors in our area. We have also bought and sold 15 properties and have used realtors sometimes, and not used them other times. The peer to peer work that happens between realtors is more powerful then one would think if your with the right group. If you go with a realtor do your research. Find out who is the top producing realtors in your area for your type of property. Do your due diligence and interview the options you come up with. Figure out their plan and reach out to references.

And remember, everyone wants a deal. If you want to sell quick your deal has to be better then the other options, not just comparable.

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