Pricing a flipped property, best practices.

[Tony Sherman]

Have you ever struggled with pricing a flipped property, and what strategies did you use to set a competitive price?

[Taylor Dasch]

I just use the comps but market activity also plays a factor. One flip I did, I priced with the comps but they were about 4 months old and the market had already went down so the home ended up sitting for a lot longer than I would have liked. In my market, I am advising investors to list slightly below the comps that we have since the last 2 months have been pretty slow here. 

[Bill J Fay]

Very market specific. I would lean on an investor friendly agent. You are paying a good chunk of compensation to your agent, and this should be their wheelhouse. If you are listing yourself, find comps that your subject property beats out the water and list around that benchmark. Don't shoot yourself in the foot, but in this market, deliver a good product that a buyer would consider a win.