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Updated almost 10 years ago,
Pricing your flip to sell
First question is what do you guys do when you place a flip on the market in January. Obviously the market is not as hot as Spring or summer.
Secondly, how are you pricing your flips - slightly under market value/comps?
And after how many showings or time do you lower?
I've sold several flips, mostly at market value. Since I hold for cash, I don't pay extra financing fees. But opportunity cost has me rethinking it a little to maybe I should be pricing more competetively and making slightly less per flip but move them faster.
I generally wait 30 days or 10 showings and if no decently close to my price offers come in I lower.
Thoughts?