Everyone wants the most they can get from the sale of any property, but when selling a renovation, rehab or other investment, consideration has to be given to the fact that there are carrying costs almost in every case, regardless of how you got into the property. The mantra of flippers is "get in and get out" (as quickly as possible). In consideration of this goal you should look not to maximize the price to the highest relevent comparable you or your Realtor can find, but to price it realistically for current market conditions, and probably one or two points below that point. Make your property stand out (in more ways than one) and it will have a much better chance of selling faster, and perhaps, under the right conditions, it will draw enough interest to get a mini bidding war going.
Realistic expectations.... Not always a natural but they should be your friend as a real estate investor!
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