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Updated over 9 years ago,

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). 

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