Sell Your Flip in 30 Days!

Sell Your Flip in 30 Days!

When you make the decision to flip houses, you will definitely have a great potential for gain if you manage the flips correctly. Of course, you will need to stay on budget. You will also need to stay on schedule when it comes to the actual flipping. The most important thing, though, will be to sell your flip quickly. Once the work has been done, the longer your house sits without selling, the more money you will have to pour into it in carrying costs. Instead, you need to have your flip on the market for the shortest amount of time possible.

Here are some sure fire ways to sell your flip in 30 days in any market!

Leave Personal Taste at Home

One of the biggest mistakes that home flippers can make will be to incorporate their personal taste in the choices they make for the home flip. It may be that they choose a paint color that they would use in their own home or kitchen tiles that include their own favorite colors and tastes. The problem with this is if you choose many things based on your own personal tastes, you could lose potential buyers. What you may like, someone else may not like. When they view your home, they may only see it as work they will have to redo, with an additional costs associated to it.

In order to make sure your flip can sell quickly, you will need to use traditional or generic options. This does not mean they cannot be tasteful. Instead, they can look very nice without being preference specific. For paint colors and floor coverings, choose colors that are muted or neutral. Stay away from trendy or bright colors simply because they may alienate potential buyers. This also holds true for fixtures, lighting, tiles, and countertops.

Know the Difference between Saving Money and Being Cheap

Another mistake that many flippers will make is to try to cut corners in any possible way they can. Of course, you will want to make a profit on your home flip, but you can be too cheap if you are 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 flip on sale or at wholesale prices verses buying cheap quality options. The problem with this is that homebuyers will notice.

If they walk through your home and they can tell that you bought everything as cheaply as possible, they will worry about the integrity of the home. 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 through buying on sale and wholesale, and buying cheap quality for the home flip. One way is to open a business account at both big box stores, Lowes & Home Depot; they both offer quote room pricing where you submit your quote of $2,500 or more and get wholesale pricing in return!

Advertise, Advertise, Advertise

Finally, once the flip is completed, you will need to get the house out there for potential buyers to see. This means you will need to advertise as much as you possibly can. Do not be afraid to spend the budgeted amount on your house marketing. Here are several marketing ideas that work!

Create a one-page website exclusively for this house; you can purchase an “info” domain from GoDaddy for $1.99 that works great! ( Have open houses, put a sign out in front with your phone number, website and e-mail address, market your house on all the 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. Handling your flip right from the start, will make all the difference in the end to find that perfect buyer that falls in love with your home!