Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

133
Posts
90
Votes
Sara C.
  • Realtor
  • Decatur, GA
90
Votes |
133
Posts

Flip house not selling

Sara C.
  • Realtor
  • Decatur, GA
Posted

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!! :)

Loading replies...