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Updated almost 9 years ago,

User Stats

109
Posts
13
Votes
Paul Zofsak
  • Investor
  • Cypress, TX
13
Votes |
109
Posts

Need advice on a FSBO flip

Paul Zofsak
  • Investor
  • Cypress, TX
Posted

I have had this flip on the market now for about six weeks; average DOM is about 5 weeks. It has gotten a lot of attention but only one low ball offer up to this point. The property is a fresh rehab that was very well done and is in line with the comps; the only thing missing is a pool and or covered patio. I have it listed at what the comps suggest, its a hot neighborhood, and now mine is the cheapest listing in the section. I have a realtor that saw my FSBO listing and has been hounding me to let her represent me; she has even sent me a standard Keller Williams marketing plan on how she is going to handle the property. At this point I am not sure if I should hold out a little longer and see what happens or cough up $5K to a sellers agent for representation. Carrying costs are running me about $1500 a month. What do you all think?

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