The last important part of the real estate flipping business is the actual flipping part - selling your home as fast as possible.
When you purchased your property you should of made sure that you bought at a deep discount. When you are selling your property, depending upon your market, it’s wise to price your property 10% or more below the similar properties on the market.
This should help to get a faster sale. Honestly it is better to take a little bit less on the deal then sit on the property for months and let their insurance, utilities and taxes accumulate. Trust me they add up faster than you think.
Over time I will give you plenty of tricks and secrets that will let you sell the property fast. The first tip I can give you is this one….
Maybe you are using bird dogs to find properties - people who you pay a few hundred bucks if they tell you about a deal and you close on it.
Use a similar strategy when selling your property. Look to the surrounding neighbors of your house that will be for sale. Tell them that you will pay them a bird dog fee if they can help sell your property. If someone buys your house because your bird dog told them about it then give them a nice fee.
It can’t hurt you at all - it can only help. You are only paying the fee if they house gets sold and that is the whole goal. So if it costs you $500 more in a referral fee than its more than worth it.
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November 12th, 2007 at 1:29 pm
[…] The last important part of the real estate flipping business is the actual flipping part - selling your home as fast as possible. When you are selling your property, depending upon your market, it’s wise to price your property 10% or more below the similar properties on the market. Maybe you are using bird dogs to find properties - people who you pay a few hundred bucks if they tell you about a deal and you close on it. If someone buys your house because your bird dog told them about it then give them a nice fee. Read more […]