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Updated over 6 years ago,
Need help with Tyngsboro, MA flip
Hello BP!
I am looking to see if I could get a little help in selling my Tyngsboro flip. I bought my first flip project in Decemeber and I finally got it on the market. It's a beautiful 1795 colonial I restored at 28 farwell rd which is in one of the best neighborhoods in tyngsborough. It was a off market deal I couldn't pass up. I've put well over $200,000 into the rehab and I was hoping the house would be gobbled up fairly quickly in this market, but we have been on the market for 2 weeks and only 2 showings.
The only feedback I have received from numerous people is "it's incredibly beautiful" or "its seems like its priced low"
I'm having trouble trying to make a decision to get this property sold before the HM lender interest eats me alive. I want to lower the price but my agent and a lot of other people think it's too soon, and its priced right. The market seems to be telling me different. I know July isn't a great month and it usually picks back up in August but I would still think there would be more interest. We have 3D tours and videos and it gets numerous hits and saves on zillow daily, but still no showings. We have another open house tomorrow (during a thunderstorm of course) and I'm going to see what kind of turnout we get tomorrow and try and reevaluate.
I would sincerely appreciate anyone's input or advice that might be familiar with the area. I want it gone so I can start the next!
Thank you everyone in advance.