House flip not selling

[Lance Queen]

I have a recent flip that has been a been on the market for just over two months. When I listed it I had an offer in the first week which I accepted. Two weeks later it fell out of contract due to financing issues on their end. The house went back on the market but we’ve had little interest since. Fast forward to now I’m two months in no buyers on the hook, I’ve dropped the price already, still nothing... I have it listed with an agent and we’re sure it’s priced right. It seems like our local buyer pool is shrinking also wondering if the two week period where it was under contract didn’t kill it as far as visibility on being a newer listing and not getting lost in down the list. I am happy with my agent and she is doing a good job advertising it, etc. it’s just not selling. Any input would be greatly appreciated!

[J Scott]

If you are days on market is above average and it's not selling, it's priced too high. You can either wait and hope to find a buyer willing to pay what you want or you can drop the price. Those are your two options.