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Updated about 7 years ago,

User Stats

50
Posts
19
Votes
Diego Ortega
  • Investor
  • Ferndale, MI
19
Votes |
50
Posts

Clawson, MI Flip for sale during slow holiday season. Any advice?

Diego Ortega
  • Investor
  • Ferndale, MI
Posted

We just finished our 2nd Flip in Clawson, MI and were very excited as this one went by way quicker. The first was about 7 months, and this one was more work and done in 3.5 months! The problem is we finished a week before thanksgiving and it's been beyond dead since. We've had 4 open houses and only 2 official showings. The only feedback we have gotten so far is:

-I wish it had a basement.

-There are some apartments nearby (it's an area where there are homes and small apartments/condos together.)

-Not a fan of the layout.

We did have one person very interested that was excited about the house and her agent requested comps from our agent to see how we landed on the price. We sent them and are awaiting to see what happens. The comps line up well with our price, but I wouldn't mind coming down a little if it meant selling sooner. Our agent says it's been dead in the area with only 2 pending sales in the last 30 days, so suggested a price drop is not in order since nobody has mentioned price being a problem. She said for every 10 viewings, there should be an offer. If there isn't, then we lower.

She did also suggest since it is slow and the holidays, maybe we pull the listing and put it back up after the 1st of 2018 so it doesn't look bad that it's been up so long. What are your thoughts and what would you do in this situation? This sale is what will really jump start a lot of our investing goals.

Here is the home:

https://www.zillow.com/homedetails/207-N-Marias-Av...

It is basically a brand new home with all new furnace, ac, electrical panel, windows, etc and really proud of how it came out. Plus a 4 car garage which i think is a big selling point in the area. It even has an engine hoist, lol. I'm going to share the numbers and details after the sale in the success section (crossing my fingers).

Thanks and I welcome any advice about the home and selling during a slow holiday season.

Thanks,

Diego

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