First time Flipping in Baltimore, MD

[Roz Palas]

Hi,

I finished my first rehab in Baltimore, MD and the house has been on the market for almost 3 months.

I have a real estate agent that does not usually work in Baltimore, and I think that is my mistake.

We have lowered the price a few times now and real estate agent listed the house everywhere online but is just waiting for calls to come in and doing anything active to sell.

Is this normal time to be sitting on a house?

Does anyone have any advise?

Thanks

[Ozzy Sirimsi]

I dont think it is just about the agent on this market. I put a house on the market, I did not put a sign, I did one open house and got 14 offers in 3 days.

As an agent I did minimal, just priced it well, but  as an investor I picked the location, I did the renovation.

I am looking at your house and the area, I am kinda surprised.

Your reno is fine, but you priced it at 174K on chase street with 2 bedroom 1 bath with  semi finished basement. 

On or around chase, I saw only one house sold for 118K, for last 8 months, and that one even sat on on the market for 5 months and your agent or you priced your house at 174K then cut it 60K  which  is absurd.

Your agent made a mistake when she agreed to list it on that price.

You either have to lower the price and cut your loses or rent it. 

You can take it off market and priced it right where it should be and start over. Otherwise, it is not gonna sell even if you change your agent.