Our Flip House is On The Market

by Joe Plemon on June 20, 2011

Before. Not bad, but ...

Whether you have been following the ongoing saga of our flip house or not, you may want to get caught up by checking my previous flip house posts:

My House Flipping Experience: the Bid

We Closed on Our Flip House Yesterday

House Flip Update 1

House Flip Update 2

House Flip Update 3

Flip House Update 4

The reason I have waited so long for this post is simple: there hasn’t been much to report. My son and I have been working on getting the house ready for market, and now that we are at that point, here is my update. First, however, allow me to show off our work.

 

We painted the railings and the deck, and added new plantings

A "before" picture of the kitchen

Kitchen now. New solid wood cabinets and stainless steel appliances

EVERYTHING you see is new

View from front door. We removed the wall between the kitchen and the living room, and added the French doors leading to the new back deck.

Prep sink, base cabinet and snack bar just inside the side door entrance

Mosaic glass backsplash

New back deck overlooking the one acre lot

Bathroom has new ceramic tub/shower

New crown molding in kitchen, dining room and living room

Welcome in

How“, you ask,”is our marketing going?” Good question. “So-so” is our answer. We have had only a few lookers since we put it on the market about a month ago, but one couple has looked three times. We are advertising in the local newspaper, Craig’s List (which has given us some nibbles) and all over Facebook. Because I once had a Real Estate Sales License and because my son (and partner) has previously sold several houses on his own, we are opting not to use a Realtor. We will probably try the For Sale By Owner site if things don’t get moving more in the next month. Update on 6/24/2011: we now have that For Sale by Owner ad…with 32 photos! After checking asking prices and comparable sales in our area (one can learn a lot from Realtor.com and Zillow), we don’t believe our asking price is too much. We spent more than we originally planned on our upgrade, but we improved it more than we originally planned. I will share more details on our pricing after the house is sold.

At this point, we are tired, but feeling a sense of accomplishment in turning a very normal house into a wonderful house, befitting the neighborhood, which is quiet, friendly and surrounded by houses as nice or nicer than ours.

This has been and still is quite a learning experience. I will share lessons learned in a future post.

Readers: any questions, observations or tips?

 

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