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All Forum Posts by: Sara C.

Sara C. has started 14 posts and replied 127 times.

Post: Flip house not selling

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90

Hi, guys…trying to stay calm over here :)  My flip has now been on the market for a month in a seller's market in Atlanta and showings have slowed waaay down. 

Click here for the listing, w/ address, pics

(fyi sq footage is more like 1400 as the listing doesn't reflect the finished basement)

We listed June 8 at $335 and received an offer 4 days later for $228K which we accepted. After the following weekend, the buyer pulled out as he decided he didn't like the houses next door. We didn't get to the inspection.

After that, showings slowed way down. Total over the month we've had around 30 showings and one open house. General feedback from agents was that although buyers liked the overall rehab & staging, the house is small and doesn't have a ton of storage. Most have said it's priced right, although we have reduced twice now (small amounts, just to get bummed up in search results). I thought I’d done the right due diligence re. comps & the pricing, but now I’m like, “Jeez…was I that far off?” I did stage the master last weekend to show how furniture works in there:

I'm totally open minded about what I should do here to get this puppy under contract quickly —thoughts? More staging in bedrooms and basement? A bigger price reduction? A buyer's agent bonus? 


This is the hardest part for me b/c I feel like it's out of my control. Any advice would be appreciated! This is my first flip.


THANK YOU!! :)

Post: Privacy and general advice for quick sale?

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90
Brian Pulaski really good feedback. I so appreciate you looking up the listing. Leaning toward the price reduction as I'd love to get this off my plate. I'm also going to verify comps with the same square footage. Our agent seemed pretty confident about appraisal but can't hurt to do my own investigation :) Thx again!

Post: Privacy and general advice for quick sale?

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90

@Thomas S. that's a super creative idea. I like it! 

I really appreciate the input and any other thoughts other folks have. 

Post: Privacy and general advice for quick sale?

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90

@Michael Noto average days on market is 23. A very good comp a few doors down had a contract in 6 days late last month. 

Post: Privacy and general advice for quick sale?

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90

Hi all! Trying to wrap up my first flip deal and would love some advice.

We've been on the market (Listing here for reference) since June 8. Had a ton of interest at first and a contract within 5 days. It fell through a few days later b/c the buyer decided he didn't like the neighboring houses. Now we've lost that new listing mojo and haven't had as many showings or any new offers. 

Some feedback is that the backyard needs a privacy fence (we already have a chain link). You'll see in these pictures how large the yard is, so a new fence would be a big expense. My realtor's pushing me on it, but I'm not sold on the idea. Would consider dropping the price at this point instead. The hassle of more upgrades and time involved is not appealing. But, of course, if it would sell the house, I'm open to it. The yards/houses on either side are indeed junky. 

Thoughts on the fence? General advice to get this thing a new offer? 

THANK YOU in advance!

Post: Hello from Atlanta area!

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90

Hey @Ryan Johnston - nice to connect! And yep - I do some residential design and definitely staging. Feel free to reach out if you ever need to bounce ideas around. 

Post: Hello from Atlanta area!

Sara C.Posted
  • Realtor
  • Decatur, GA
  • Posts 133
  • Votes 90

Hey there! I've been lurking on here for a while and figured I should formally introduce myself! 

Through the BP books, podcasts and posts on this site, I've already learned a ton. About me: my background is in design and marketing, we own one rental and are renovating our first flip in the Decatur area now - aiming to have it on the market by mid-June. LOVING the process so far and have dreams of turning this into a business for my husband and to run together. Looking for advice, peers and connections locally and beyond. Happy to offer marketing / design expertise in return. 

Thanks!

Sara