When you make the decision to flip houses, you will definitely have great earning potential if you handle flips correctly. Of course, you will have to stay within the budget. You’ll also need to stick to the schedule when it comes to flipping. The most important thing though is to sell your flip fast. Once the work is done, the longer your home sits unsold, the more money you’ll have to invest in maintenance costs. Instead, you should have your flip on the market for as short a time as possible.
Here are some surefire ways to sell your flip in 30 days on any market!
Leave personal taste at home
One of the biggest mistakes home flip players can make is incorporating their personal taste into the home flip choices they make. They might choose a paint color that they would use in their own home or kitchen tiles that include their favorite colors and tastes. The problem with this is that if you choose too many things based on your own personal tastes, you could lose potential buyers. What you may like, someone else may not like. When they see your home, they may only see it as a job to be redone, with additional costs associated with it.
To ensure that your flip can sell quickly, you’ll need to use traditional or generic options. This does not mean that they cannot be tasteful. Instead, they can look great without being a specific preference. For paint colors and floor coverings, choose muted or neutral colors. Stay away from modern or bright colors simply because they can alienate potential buyers. This also goes for fixtures, lighting, tile, and countertops.
Know the difference between saving money and being cheap
Another mistake that many pinball machines will make is trying to take shortcuts in any way possible. Of course, you’ll want to make a profit on your home investment, but it can be too cheap if you’re not careful. This is a guaranteed way to turn away potential buyers. You can save money by looking for ways to buy items for your home on sale or at wholesale prices instead of buying cheap, quality options. The problem with this is that homebuyers will notice.
If they walk through your house and realize that you bought everything as cheap as possible, they will worry about the integrity of the house. How far did you go to save money? They may wonder this and it is a guaranteed way to lose potential buyers.
Instead, learn the difference between saving money by buying on sale and in bulk, and buying cheap quality for the home. One way is to open a business account at the two big box stores, Lowes and Home Depot; They both offer room pricing where you submit your quote of $2,500 or more and get wholesale pricing in return!
announce, announce, announce
Finally, once the move is complete, you’ll need to get the home out for potential buyers to see. This means that you will need to advertise as much as possible. Don’t be afraid to spend the budgeted amount on marketing your home. Here are several marketing ideas that work!
Create a one page website exclusively for this house; you can buy an “information” domain from GoDaddy for $1.99 which works great. (www.1234mainstreet.info). Host open houses, put a sign out front with your phone number, website and email address, market your house on all real estate search engines. The most important thing that will sell your house: make sure it is priced right to sell and your house will fly out the door!
You can sell a flip in 30 days or less if you take the time to follow these steps. Managing your investment from the start will make all the difference in the end in finding the perfect buyer to fall in love with your home!