Let’s face it. The real estate market is facing a growing inventory crisis with a dampening effect on home sales. For fix and flip investors, pricing a property correctly is essential to selling it as fast as possible, no matter the market conditions. As a real estate investor, you also need to choose the right price to assure good profits and cover all of the renovation expenses.
If you overprice the property, the home will be less appealing to potential buyers and spend costly months on the market. Not an ideal outcome! Here is how to set the right price for your fix and flip property the first time around: