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Updated about 9 years ago on . Most recent reply

User Stats

114
Posts
14
Votes
Paul Zofsak
  • Investor
  • Cypress, TX
14
Votes |
114
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?

  • Paul Zofsak
  • Most Popular Reply

    User Stats

    23,418
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,508
    Votes |
    23,418
    Posts
    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    Replied

    Well, if 80% of the home buyers are using an agent to find their house, they don't even know your house is for sale.

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