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Updated about 13 years ago, 11/12/2011
Should I hold my flip off the market until spring?
I am closing on a short in about 2 weeks. I expect the rehab to take about a month, putting me into the holidays. In my market the buyers come out in droves when the first warm weekend arrives. This is usually mid to late February. Should I hold it off the market until then? I am paying cash so I won't have much holding costs.
On the other hand, inventory is very low (2.77 months) especially in the price range and location of this property. It will be in the lower 400's. I risk some calamity with the economy, etc. if I hold off, but I expect to make an extra 15K or 20K (if the appraisal doesn't screw me up) if I wait. What do you all think?