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Flipping in todays market

By
Real Estate Agent with Coldwell Banker Tomlinson

I'm going to do it...yep, I am flipping a house in todays not so hot market...

I'm not too worried since I got it at a very good price, if it doesn't sell I can alway rent it...but it is still kind of scairy.

The people are still living there, but they are packing...We have not given them the heave ho.  It will probably be easier if we didn't..Who knows what kind of people they can turn into if we were not easy going...so for now we are starting on the yard work and the garbage hauling. 

Lucky for us it is in pretty good shape...I will have to rip out all the carpet and paint over the hot pink living room, and give the kitchen and bath some love...Over all I think it will be a good experiance and if I not only look at it as a way to make some money, but as some family time I think it will all go well.

A house across the street just went on the market last week and I went to look at it which is really going to help me.  Another thing that I have on my side is since I spend so much time with buyers I know what they like and dislike..

 

Wish me luck!!

Comments(6)

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Peter Mann
Keller Williams Realty - Bellevue, WA
Peter Mann Seattle-Bellevue Real Estate Agent

LUCK!

Jul 25, 2008 10:49 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Shari, keep us posted on your progress.  It will be fun to follow you through the process.

Jul 25, 2008 10:58 AM
Ron Moore
RE/MAX Professionals/Regal Builders - Retired - Florence, SC
MOORE Thoughts

Ok, I wish you the best of luck!!!  Hope this is just the first of many!

Jul 25, 2008 11:23 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Let us know how it goes.  This is a tough market to flip but all real estate is local and if you know your market well then it should happen for you!

Jul 25, 2008 11:52 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Shari - good luck. Sounds like you have the right attitude about it in case things do no towrk out as you would like. It wouldn't work here, even with the price declines.

Jeff

Jul 25, 2008 03:58 PM
Shari George
Coldwell Banker Tomlinson - Lewiston, ID

Today went well...We spent about 3 hours in the yard weeding, and trimming.

Jul 26, 2008 02:58 PM