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7 Things to Make a House Flip Sell Fast
Believe it or not, the easiest part of house flipping is selling. if you stick to all the house flipping rules and properly use the expertise of your house flipping team, you will find that this claim is actually true.
Below I have 7 tips that can help you sell property fast. As a matter of fact, you will find that selling a house is the simplest part of the house flipping process.
7 Tips On How To Sell Property Fast
1. Get Your ARV Right
The After Repair Value or ARV is the most important number in house flipping. After repair value means the amount of money you will sell your property once you have finished doing all the repairs. In order for you to be able to calculate your ARV, you have to be able to apply the 70% rule. Here’s some more information on the 70% rule.
2. Get A Real Estate Broker
It’s important to get a real estate broker who has experience in your particular market because they will help you get a more accurate ARV. Make sure your real estate broker has realistic comps and is very familiar with your geographical area.
The best place to find competent real estate brokers is through networking in the geographical area you operate. Make sure that you take their contacts and call them whenever you plan on doing business in that market.
3. List The Property At The ARV
If you want to sell property fast, make sure that the ARV you list when you began your rehab will be the same one when it’s done. This is why we emphasize getting a real estate broker who is an expert so that they can give you a more accurate ARV.
4. Be Fast On Price Changes
If you are getting plenty of activity on your initial ARV but no one is buying, then it’s time you revisit your ARV. Don’t wait three or more months to adjust your prices accordingly. If you list property and you don’t get any offers within the first few weeks, then you should lower your price but still keep it slightly above the original ARV.
5. Clean Up
Another way to sell property fast is to clean up. Do everything you can to ensure that the home is sparkling clean and looks as immaculate as possible. Clean out any cobwebs and slap on a fresh coat of paint on areas that need it. The outside of the property also needs to be sparkling clean and the lawn needs to be well groomed. You might be surprised at how many offers come your way just because your house is sparkling clean.
6. Stage It
Staging a home can dramatically increase your chances of selling property fast. You do not have to stage high end homes only; you can stage other homes as well. Staging can cost you $300-$1200 per month but it’s worth it. you just have to use your own judgment to determine if how much you are spending on staging makes sense. For instance, it doesn’t make sense to stage a home at $1000 a month if you are going to sell it at $100, 000. Staging helps people to envision how their home will look like when they move in…
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