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Dealing with a Bad House Flip In Charlotte, NC

December 4th, 2021

Had a bad house flip experience that went sideways?

You wouldn’t be the only one in such a situation.

At Ultimate Offer Property Buyers, we’ve seen a lot of house flips lose money — there’s a lot of upside to flipping homes… but there’s also a fair amount of risk involved that sometimes become a little too hard to deal with.

So, we thought we’d stop by and help.

Here are some possibilities to not get stuck with a property…

Lower Asking Price

To try to at least break even, consider lowering the asking price to sell the property as fast as possible. Put the experience behind you and move on to the next project. Things would not always work out the way you want and you've to keep it moving.

Wait For Market Improvements

If you’re going to lose money, our recommendation would be to just wait for the market to improve. All markets fluctuate and there’s bound to be a time when the property is worth the money that’s been put into it. But it might take a while. One thought would be to rent the property while waiting on the market to improve.

Make Further Improvements

If money’s already been lost, then probably shy away from this option. But if the numbers are still in the green, then it might be worth considering making further improvements (especially if there’s something in particular that potential buyers are pointing out).

Sell As-Is For Cash

At Ultimate Offer Property Buyers, we’re real estate investors and we buy homes as-is for a fair cash price. If you want to hear what our offer is on your property, give us a call at (704) 461-0576 or simply fill in the quick form below.

Hope that helps!

This can definitely be a frustrating situation.

But follow the above advice to potentially come out the other side in one piece.

What Our Customers Are Saying

Finding a place you can call home can be a very lengthy and tiring process. For me, this was an important milestone in my life and I needed someone who not only understood my goal but also has the knowledge, experience and patience to help me reach this goal. Bright was very involved in the entire process; scheduling property visits, working with the financial institution, lawyer’s office, property inspectors, all the way to negotiating the property price down, etc. Having Bright on my side as a buyer made the process smooth and enjoyable for me, and I’d strongly recommend him to anyone looking to buy or sell a property. Abdul Baba
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