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Updated over 4 years ago,
How hard is it to resell a raised ranch?
My husband and I are looking for our first flip property. We've found a place in Elizabeth we really like, but it's a raised ranch (front door opens right into stairs up or down). A couple questions:
1) Are raised ranches really that much harder to resell that we shouldn't bother? I noticed there are several bilevels like this in the general area.
2) There's a home down the road that sold a few months back after being flipped, but it has a more traditional layout. If I want to use it as a comp, how should I adjust the price to make it more comparable to this one? Is there a rule of thumb like "bilevels sell for 10% less" or anything?
Appreciate any insights you folks can give!
Thanks ,
Caitlin