Tips to sell a flip in this coronavirus arena

[Ivan Miletich]

I’ve been investing in real estate for 12 yrs. This year was doing really great with low inventory, low rates and properties were selling like cup cakes until 2 weeks ago when the coronavirus kicked in....
I recently purchased and rehabbed an SFR in South Orange County, Ca and it's currently for sale (34 days) at $1.3M with with some interested buyers....BUT I got (and many of us) stuck with this coronavirus situation which has slowed down showings and sales tremendously.

Any suggestions, ideas, tips to sell it a little faster? I don’t want to have my money stuck in these properties and not be able to get into new deals coming up.

I have 2 other less expensive properties as well, one fell out of escrow because of the virus concerns..

Hopefully I can get some great advise! Thanks & be safe out there!

[Bob Okenwa]

Add a 6-month supply of toilet paper, N95 masks, and hand sanitizer and see what happens. 

In all seriousness, the fastest way to sell a property is to put it at price not many can refuse. California is on lockdown and touring homes is probably going to fall under "non-essential activity" so it may get worse before it gets better in the short term.

Not sure what your margins are or how fast you need to sell, but we are in desperate times and desperate times tend to call for desperate measures.