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Updated over 7 years ago,
Flip house not selling
Hi, guys…trying to stay calm over here :) My flip has now been on the market for a month in a seller's market in Atlanta and showings have slowed waaay down.
Click here for the listing, w/ address, pics.
(fyi sq footage is more like 1400 as the listing doesn't reflect the finished basement)
We listed June 8 at $335 and received an offer 4 days later for $228K which we accepted. After the following weekend, the buyer pulled out as he decided he didn't like the houses next door. We didn't get to the inspection.
After that, showings slowed way down. Total over the month we've had around 30 showings and one open house. General feedback from agents was that although buyers liked the overall rehab & staging, the house is small and doesn't have a ton of storage. Most have said it's priced right, although we have reduced twice now (small amounts, just to get bummed up in search results). I thought I’d done the right due diligence re. comps & the pricing, but now I’m like, “Jeez…was I that far off?” I did stage the master last weekend to show how furniture works in there:
I'm totally open minded about what I should do here to get this puppy under contract quickly —thoughts? More staging in bedrooms and basement? A bigger price reduction? A buyer's agent bonus?
This is the hardest part for me b/c I feel like it's out of my control. Any advice would be appreciated! This is my first flip.
THANK YOU!! :)