Should I flip or sell as is?

[Christine Krizenesky]

Recently we bought our first house flip from auction.com at a great price for the neighborhood it was in for $62500. It is an older home built in 1942 with tons of character. Right now as is I could sell it for at least 100 per our real estate agent. (I don’t have all of the numbers in yet from the subcontractors to know an exact price for the rehab) The major projects would entail a roof, the garage some concrete work on the outside. The inside is all cosmetic - sanding floors and painting, updating the kitchen and bathrooms. (Some of the work we will be able to do ourselves but a lot of the bigger projects we won’t because of time and jobs) The comps are showing that I could sell it for as high as $149,000 or as low as 105,000. The contractors that I have talked to are all busy until winter time so it looks like this would not be done until spring. Am I better off to just put it back out on the market or should I rehab it and try to maximize my return? It just seems like either way I do it, I’m going to wind up with the same amount after flipping so why would I want to rehab it? Thoughts???