Flipping in Phoenix

[Conrad Z.]

Hello BP community. I've purchased a SFH at a trustee sale.
The numbers are all good but I would love some input on how others are selling these for maximum profit. Are you using a realtor, wholesaler, attempting a fsbo? I plan on doing this one house at a time so turning the property fast is critical.

Any input would be welcome.
thanks

[J Scott]

Some suggestions for quick and successful sales:

1. Stage the Property

2. If you can find a great agent, hire him/her. If not, at very least use a flat-fee listing service to get it on the MLS

3. Make sure that before EVERY showing, the lights are on, the house is clean, the blinds are open, and the house smells fresh (don't make the buyer open the blinds or turn on the lights)

4. Offer a bonus to the selling agent (the buyer's agent) of at least .5% of the list price and a minimum of $500

5. Don't list the property until every last detail is completed. You only have one opportunity to make a first impression

6. Make sure the property is move-in-ready, especially if your target market is first-time homebuyers. This includes appliances, mini-blinds, closet shelves, etc

7. If you plan to resell to an FHA buyer, make sure you have a lender who is accustomed to working with investors and getting loans on flip properties, especially if you plan to resell within 90 days of purchase

8. If you don't have an agent, make sure you are VERY responsive to any inquiries on the property