I've been a realtor since early 2005, and I love it! My previous experience was a Marketing Manager for a business in Grand Rapids... through this amazing opportunity I learned marketing, networking, and good values that a small business should carry. My favorite moments in real estate are probably when my clients find their perfect home or when I've got a great offer to present to my sellers. In a buyer's market, we all have to be aggressive with our strategies... but it's worth the hard work. We're helping people change their lives!
I don't think it's a bad idea to take it off the market for two weeks... especially if your listing has been active for 6 months. In January - it will appear fresh & new to buyers!
If your house is competitive and gorgeous (like it sounds...) you shouldn't worry about the 2-3 weeks off the market. Yours will shine brightly, if it's priced competitively. Sounds like your agent knows what she's doing. - Tue Dec 18 2007, 12:06
Hi Ross & Kim
It's definitely a time in Michigan for opportunists and investors! I would be very confident of the property and neighborhood you intend to flip in. However - there are other options for you to make money in this market...
Personally, I recommend purchasing investment property more than single family flips. Investment property will be ongoing maintenance as landlords but can provide a nice steady stream of income if you manage it properly... possibly $200 a month per unit as income after mortgage, etc. Pretty good - think about what you would do that extra income per month.
Stray from anyone who recommends flipping to get rich quick.
Best Wishes! - Tue Nov 27 2007, 17:44
Hi Diane,
I suggest buy... get a well priced foreclosure and you can't go wrong! You'll probably pay just as much or more in rent - so it doesn't hurt to have an asset to sell in 5 years. I expect the Michigan market will be better by then. Make sure your Realtor does lots of background work on whatever property you choose to make sure you have a sound investment.
Hi Roger,
Commission rates can vary from a discount broker who doesn't market your property at 4% and simply puts it on the MLS... to 6/7% agents who are actively marketing your listing in the marketplace and able to offer a buyer's agent 3-3.5% to sell your home.
I'd love the opportunity to present my marketing plan for you this coming Winter/Spring.
-Dana Iler
Keller Williams Realty - Wed Nov 14 2007, 12:08
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