Flipping houses is a great way to make extra cash. It can even become so lucrative that people leave their full-time jobs to pursue this opportunity, but that’s usually the exception. While there is a lot of work that goes into flipping homes, a lot of people find that the most difficult part comes in actually finding the right buyer. Fortunately, there are some tips that can help.
- List Properties Online: Most buyers are going to hop online at some random hour of the day and start browsing virtual listings from the MLS and various real estate sites. This is primarily where the buying journey begins for today’s homeowner, so make sure that your properties are listed and available in the Internet marketplace for home sales.
- Go for Curb Appeal: The single biggest factor that will get someone to continue reading about a property or look at other pictures is the first impression of the curb appeal. People need to be impressed by the sight of the property and want to learn more. If you don’t catch their attention with curb appeal, it will be a challenge to sell any fix and flip.
- Control What You Can: Accept the fact that you may have to make compromises to create a solid flip that will actually sell. For example, don’t put in million-dollar home features and technology when you’re trying to sell a home in a neighborhood with average home prices around $150,000.
- Do the Work for Them: Your buyers want an easy, seamless transaction and a great buying experience. If you do the legwork and provide them with all the information that they need, they will feel like your fix and flip is the best choice.
If you keep these tips in mind and focus on flipping for the buyer, not yourself, you’ll always fare well with your fix and flip.