Are You Attracting Flippers?

Flippers are real estate investors that search the market for low priced properties that need small inexpensive repairs. They make the repairs at a low cost, put the property back on the market and sell it, often for a good profit.

If your house needs repairs, it may be putting buyers off and attracting flippers. Buyers approach a property and see needed small repairs and they automatically start thinking, “Hmmm, I wonder what else is wrong with this house” and that is not the seed that you want to plant in a buyers mind. Small repairs says “differed maintenance” to a buyer.

Are you attracting flippers by not making the necessary repairs BEFORE listing your property? If your house needs work, selling to flippers can be a viable option to get your house sold, but you are not going to get the price you want. They want to purchase at a price below market value.

Studies show that we have more 1st time home buyers under the age of thirty than ever before and they are willing to pay MORE for a MOVE-IN READY house. If there is a similar house to yours down the street that doesn’t have a “honey do” list that comes with the selling price, that is most likely the house that the buyer will choose.

Go ahead and make these repairs before you put your house on the market. If you can find a buyer that is willing to buy, the offer that they are going to make will be much less than what it would have cost you to make the changes in the first place.

There is always a “New Listing” buzz whenever a new property goes on the market and that usually is the best time for your house to be shown and go under contract. Why risk losing a buyer by having them see your property before it’s ready to be sold? Go ahead and make the house appeal, not to flippers that will make low ball offers, but make it appeal to the first time home buyer.

Take it from Whoa to Wow! Make it 1st time friendly.

For more information about making your house 1st time friendly, contact Nan Johnston at Southern Staging & Redesign.