Hello! My name is Jennifer Heeter I am 38, a single mom and a newbie to Biggerpockets-- this is also my first post. I'm from North Central Iowa and I just bought my first house EVER back in August. I live in the house and work a full time factory job. I decided to do some cosmetic updates to the house while I am in it (new flooring, paint, appliances, counter top then staged it with new furniture) all with the idea to flip it. I did most of the work myself so probably only put about $7,500 into it. I bought it for $95,000 with 5% down on a first time home buyers grant of $7,500 of which I will need to pay back at the time of sale. I spoke with a local realtor who did a walk through of the house before the updates were made and she said I did pretty good buying it at that price and that I should be able to sell it in the 120's after the updates. The market I'm in moves incredibly slow. I currently have it listed FSBO at $129,500 I listed it at the beginning of December and have had one showing this week, the potential buyer is a single mom with two boys, she really likes the house but feels it may be to small, which it is at only 1,000 sq ft 2 bd 1.5 bath however has potential for expansion in the basement. My goal for selling the house is to hopefully sell at $125,000 which would give me a profit of about $28,000 in which I would be able to pay of ALL of my debt and reinvest to do another house. I have posted it on local Facebook groups, craigslist as well as Zillow. Obviously I want to move this as fast as possible so my question is, are there any tips or suggestions you can give as to how I can do that? I am considering dropping the price or listing with a Realtor but concerned if I drop the price to soon then end up listing with a realtor later that I will be losing to much of my profit. Also, I haven't heard back yet from the potential buyer who walked through so was wondering if there is anything I could or should do to "help" her in the decision making process? We are in a town of only 1,500 people so it's a very personable friendly way of doing business type of feel. Thank you for taking the time to reply, any help is soooooo appreciated!!! I inserted a link for photos.... I hope it posted, can't tell ;-)
