Every real estate investor looks for ways to save money. One of the most common areas to save on a fix and flip deal is with your closing costs. Reducing, or eliminating, some of the fees will have a sizable impact on your bottom line. However, you need to pick and choose your battles wisely.
From afar, selling a rehab on your own is a great way to save on commission and increase your bottom line. However, if you don’t know what you are doing you can throw away weeks of hard work in an instant. For every easy sale that is done without a real estate agent, there are nine others that are a problem. If you can’t generate interest or don’t know specific language on a contract you will create bigger problems that could have been avoided if you used a professional. Here are five reasons why you may not want to sell a property yourself.
In most cases using a real estate agent is too important an area to try to save money in. There are other places where you can cut corners and lower your expense sheet.