When to Advertise Your Fix and Flip Project
When you fix and flip a property, your goal is to sell it immediately for a profit.
That is why some rehabbers worry about advertising the property even before they flip it.
Here are a few pointers you can consider before you put up that "For Sale" sign in the front yard.
Advertise a home not a house in disrepair.
Some rehabbers get too excited and advertise the property they are flipping the moment they buy it from the owner.
Keep in mind that your buyer is looking for a home.
A property in disrepair with promises of improvement from the house flipper is not a home.
Some veteran house flippers start advertising a property when it is already 90%-95% complete.
There is a reason behind this.
Workers tend to be distracted by passers-by or house buyers who inquire about the property every now and then.
Instead of concentrating on finishing their tasks, they sometimes have to stop a job to give way to a prospective buyer who wants to get a glimpse of the house.
For example, if you are fixing the flooring and a buyer comes to check out the house, you have no choice but to halt work for perhaps a few minutes.
Another inquiring buyer and another five minutes is wasted.
It destroys the momentum of work and slows down the process.
Another issue is that not all buyers are impressed with seeing repair work being carried out on their prospective house.
Some buyers feel that the house is old and is not safe upon seeing wires and nails scattered everywhere.
What some rehabbers do in cases like this is that they do not put up "for sale" signs before the property is indeed completed or near completion.
They also cover windows so passers by won't see what's going on inside.
They tell their contractors and workers not to arrive in separate vehicles.
Three or four vehicles parked in the driveway can rouse curiosity among neighbors.
What other house flippers do is that they start repairs from within.
This is of course unless of course the roof needs to be repaired immediately.
They do the landscaping of the front yard or the garden last so the other repairs will be completed discreet.
Instead or putting up that sign while you are doing repairs, what you can do is to build a list of prospective buyers.
That is why some rehabbers worry about advertising the property even before they flip it.
Here are a few pointers you can consider before you put up that "For Sale" sign in the front yard.
Advertise a home not a house in disrepair.
Some rehabbers get too excited and advertise the property they are flipping the moment they buy it from the owner.
Keep in mind that your buyer is looking for a home.
A property in disrepair with promises of improvement from the house flipper is not a home.
Some veteran house flippers start advertising a property when it is already 90%-95% complete.
There is a reason behind this.
Workers tend to be distracted by passers-by or house buyers who inquire about the property every now and then.
Instead of concentrating on finishing their tasks, they sometimes have to stop a job to give way to a prospective buyer who wants to get a glimpse of the house.
For example, if you are fixing the flooring and a buyer comes to check out the house, you have no choice but to halt work for perhaps a few minutes.
Another inquiring buyer and another five minutes is wasted.
It destroys the momentum of work and slows down the process.
Another issue is that not all buyers are impressed with seeing repair work being carried out on their prospective house.
Some buyers feel that the house is old and is not safe upon seeing wires and nails scattered everywhere.
What some rehabbers do in cases like this is that they do not put up "for sale" signs before the property is indeed completed or near completion.
They also cover windows so passers by won't see what's going on inside.
They tell their contractors and workers not to arrive in separate vehicles.
Three or four vehicles parked in the driveway can rouse curiosity among neighbors.
What other house flippers do is that they start repairs from within.
This is of course unless of course the roof needs to be repaired immediately.
They do the landscaping of the front yard or the garden last so the other repairs will be completed discreet.
Instead or putting up that sign while you are doing repairs, what you can do is to build a list of prospective buyers.
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