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Updated about 9 years ago,

User Stats

28
Posts
8
Votes
Paul Kuegle
  • Winnipeg, MB
8
Votes |
28
Posts

Advice negotiating the sale of my flip.

Paul Kuegle
  • Winnipeg, MB
Posted
I received an offer today on a house I flipped. It's been on the market for 55 days now. No other offers. My market is a balanced market with average days on market being 35. I had it listed for $149,900, dropped the price to 139,900. After going back & forth with the buyer the best we could get out of them was &129,400. My break even is $120,000 & I have to split the profit 50/50 with my partner. We were hoping to make at least $10,000 each but this will only be $4,700 each. Should We accept the offer & move on to the next flip or try to hold out for a better offer. Showing are down to 1 ever other week now. And staging is costing us $1100/ month. What would you guys do ?

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