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Updated almost 8 years ago,

User Stats

70
Posts
15
Votes
Adam Soyak
Pro Member
  • Property Manager
  • Mokena, IL
15
Votes |
70
Posts

Should I list my Flipper now (Winter) or wait until early Spring?

Adam Soyak
Pro Member
  • Property Manager
  • Mokena, IL
Posted

My first house flip will be completed by the end of December.  I was planning on putting it on the market at completion, but I have been told by others to wait until February/March to list it due to buyers not typically biting during the winter months.  It is located in New Lenox, Illinois (SW suburb of Chicago).  Current inventory is low for the 200k-250k homes.  I'm anticipating my home in the 230k-250k range.

In addition, currently the property is in need of a new paved driveway, sidewalk, and landscaping, Do the winter weather I am unable to complete at this time. 

1. If I am listing now do I include that a driveway, sidewalk, and landscaping will be  completed in the spring for the new owner and include those adds in my asking price?  Or do I lower my asking price to exclude those items?

2.  Do I wait to list for early spring?  I can handle the holding costs for $4k for the next 3 months, but will it be worth the wait?

Thank you everyone!

  • Adam Soyak
  • Loading replies...