Updated almost 11 years ago on . Most recent reply
Listing a Flip During Rehab
Any downfalls to listing a flip as FSBO during the rehab process?
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Your market and level of home will dictate the answer to this question, however, let me pint out a distinct difference in two factors here: Listing and showing!
No harm in listing the property for sale and building a potential buyers list, getting time to pre-qualify the buyers and perhaps get an idea of what they would pay and what finishes they would want. Showing them the home prior to its completion is typically a no-no in more ways than one. Buyers have little to no imagination, showing them the ugly behind what will be the beauty sticks in their minds, and you will, without question, lose some potential buyers by showing before it is finished.
If you are in the cookie cutter average home price point, finish and then list and show. if you are priced right and do a quality rehab, your home should sell quickly in any stable or appreciating market. There is also no harm in placing a sign in the yard and perhaps online stating "listing coming soon". I have done this several times in the past.