House Flipping Tips: Timing the Sale

One of the best house flipping tips or pieces of home selling advice is: timing can make a big difference in profit margin. This important strategy takes research, intuitiveness and calculation to generate the best results.  Therefore, here are some hints on the importance of timing.

Firstly, many people quote the general statement ‘timing is everything’ especially as it pertains to things working out or falling through. In the real estate world, timing is a huge factor in securing a profitable sale because people tend to buy when the price is right, when everyone else is doing it and when the prospective property is in-season, for example, a beach house in summer or a ski cabin in winter.

Therefore, because seasonal, mental and emotional factors affect a sale, it’s important to do everything to position a property in the correct ‘light’ to allow potential buyers to see its features and opportunities.

To illustrate the importance of timing, here is an example. It’s January, the weather is cold and grey and you list your apartment for sale. Even though your abode may be in a beautiful location and close to the beach, it’s likely people won’t be able to appreciate these attributes because of the season’s dreariness. Your place doesn’t sell for the price you want in the winter, so you decide to list it again in June. Now, the sun is shinning and the location is at its best. As a result, you get $20,000 more than your best offer in winter by simply selling at a time that elevates the apartment's features.

Therefore, when selling, choose the best time of year to elevate a property’s features, help people to see it in the best light and garner a larger return.