Had a house flip go sideways?
You’re not alone. At Manatee, we’ve seen our fair share of house flips that didn’t go as planned. While flipping homes can be profitable, it also comes with its risks. If you’re stuck with a property, don’t worry — there are a few options to consider.
Lower Asking Price — One way to avoid losing more money is to lower the asking price and sell the property quickly. It might help you break even or cut your losses.
Wait For Market Improvements — If selling now means a loss, it might be worth holding onto the property until the market improves. Markets tend to fluctuate, and there’s a chance the home will appreciate in value over time. In the meantime, consider renting the property to cover holding costs.
Make Further Improvements — If you’re not yet in the red, making targeted improvements based on buyer feedback could increase the property’s appeal and value. However, this option comes with risk, so only pursue it if the numbers make sense.
Sell As-Is For Cash — At Manatee, we buy homes as-is for a fair cash price. If you’re interested in seeing what we’d offer for your property, give us a call at 941-300-6090.
Flipping houses doesn’t always go perfectly, but with these strategies, you have options to get unstuck and move forward.
Good luck!