How to Sell Fast when House Flipping
Market Yourself., Keep Up With Your Contractors., Accept Cash Over Finance.
Step-by-Step Guide
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Step 1: Market Yourself.
When flipping a house, even if you've got a great buy, if people do not know about your house they aren't going to make an offer on it.
There are a number of different ways you can really get your name and property out into the public eye.
You can advertise using ads in the newspaper, online listings or Craigslist.
You might even consider using MLS or "multiple listing service".
Another great tool you can use is the bandit sign.
Bandit signs are a cheap way to get your name known around a particular area.
You can hang them on lamp posts, telephone poles, traffic signs, or even in the front yard of a property. -
Step 2: Keep Up With Your Contractors.
When flipping a house, you will generally hire a contractor, or contractors, to make the necessary renovations on your property.
Sometimes, however, the contractors will take longer than they originally approximated, pushing the sale of your project back.
A good way to make sure that everything moves smoothly is by meeting with the general contractor and setting up a schedule outlining when each piece of the puzzle is to be completed.
Then, if something is not finished on time, you will know immediately and be able to address the particular workers involved. , Sometimes, when you receive multiple offers on a property, the higher price isn't necessarily the best option.
If two offers are close in price and the higher one is a finance offer while the lower one is a cash option, you might want to go with the cash.
When dealing with finance, a deal can take a lot longer to take effect.
Additionally, there are many things that can go wrong, like the lender not accepting the offer.
Cash on the other hand is fast and simple.
There is essentially nothing major that can go wrong when dealing with a cash offer, so you will never run the risk of having to put your property back on the market. -
Step 3: Accept Cash Over Finance.
Detailed Guide
When flipping a house, even if you've got a great buy, if people do not know about your house they aren't going to make an offer on it.
There are a number of different ways you can really get your name and property out into the public eye.
You can advertise using ads in the newspaper, online listings or Craigslist.
You might even consider using MLS or "multiple listing service".
Another great tool you can use is the bandit sign.
Bandit signs are a cheap way to get your name known around a particular area.
You can hang them on lamp posts, telephone poles, traffic signs, or even in the front yard of a property.
When flipping a house, you will generally hire a contractor, or contractors, to make the necessary renovations on your property.
Sometimes, however, the contractors will take longer than they originally approximated, pushing the sale of your project back.
A good way to make sure that everything moves smoothly is by meeting with the general contractor and setting up a schedule outlining when each piece of the puzzle is to be completed.
Then, if something is not finished on time, you will know immediately and be able to address the particular workers involved. , Sometimes, when you receive multiple offers on a property, the higher price isn't necessarily the best option.
If two offers are close in price and the higher one is a finance offer while the lower one is a cash option, you might want to go with the cash.
When dealing with finance, a deal can take a lot longer to take effect.
Additionally, there are many things that can go wrong, like the lender not accepting the offer.
Cash on the other hand is fast and simple.
There is essentially nothing major that can go wrong when dealing with a cash offer, so you will never run the risk of having to put your property back on the market.
About the Author
Matthew Fox
A passionate writer with expertise in crafts topics. Loves sharing practical knowledge.
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