Market Filter Case Study: A House Pending at $195K
TLDRThis house was under contract at $195,000 when I recorded the source, with closing still weeks away. I used the Big Three, the showing path, professional photos, and listing copy to make a strong first impression. The result was promising, but it did not prove the final sale price or what the house would have sold for without that work.
Table of Contents
- The House and the Mid-Project Pivot
- The Big Three Create the Lens
- Controlling the Approach
- The Pre-Photo Prep Pass
- Directing the Photographer
- Writing Listing Copy That Sells a Feeling
- The Budget Overrun
- The Projected Deal Math
- Why a Base Hit Still Matters
- FAQ
The House and the Mid-Project Pivot
This one started as a rental. Interest rates rose during the project, so the rental cash-flow math stopped working for me. I pivoted to a flip. That left some quirks in the house. The cabinets in the kitchen were a mix of leftovers from other projects. They were painted to match, but they were not all the same style.
The project still covered the basics. Safety and liability came first. The house could not be taking on water. Then the renovation level had to match the comps and the neighborhood. After that came the big three and the rest of the market filter.
The Big Three Create the Lens
The Big Three in this price range were:
- The front of the house, including landscaping and curb appeal.
- New LVP and fresh paint as the buyer entered.
- A renovated kitchen.
Those are not a cleaning checklist. They are the first major things a buyer sees in the photos and during the walkthrough.
The point is to create the lens through which the buyer sees the rest of the house. Once the Big Three land, the back half of the walkthrough is mostly about not undoing the good feeling. That is why I did not need to build a luxury bathroom in this house. A normal tub surround was enough for the neighborhood.
The reverse is also true. If the Big Three fail, spending $10,000 to make a rear bathroom incredible will not rescue the showing. The buyer has already formed an opinion before reaching it.
Controlling the Approach
Buyers could approach this house from the front or from a side door near the back driveway. The side route gave them the worst possible first impression. I wanted them to park at the front, walk past the curb appeal, and enter through the front door.
I had to think about how to discourage the side-driveway route. The recording does not show one final tactic. The lesson is to walk the path a stranger will take and make sure it leads through the work you meant them to see first.
The Pre-Photo Prep Pass
After the Big Three were in place, I made a separate prep pass. The goal was to remove small things that could break the feeling we had created.
The checklist:
| Item | Why |
|---|---|
| Clean every toilet and add blue cleaner | Remove a gross bathroom reaction |
| Use WD-40 on squeaky hinges | Stop a small defect from distracting the buyer |
| Evaluate visible cracks | Rule out and repair the underlying issue before repairing the finish |
| Remove odor sources | Use fragrance lightly, if at all; never mask a water, sewer, smoke, or pet defect |
| Spray-paint dingy vents | Keep old-looking vents from fighting the fresh paint |
| Dust, wipe sticky surfaces, and clean the porch | Preserve the clean first impression |
The source does not price this prep or say exactly how long it took. The memorable standard was simpler: the house should “look clean, smell clean, and be the color of clean.”
Directing the Photographer
Do not use a phone and hope for the best. I hired a professional photographer with the right gear and editing process, then gave direction about what the listing needed to show.
A few of the calls I made on site:
- Get a shot from down the street showing a wide, clean street leading to the house. Avoid the rougher house next door.
- Shoot the mountain visible behind the property. That is a feature worth selling.
- Shoot the neighboring newer construction so buyers see the neighborhood is improving.
- Skip close-ups of the electrical panel. That is an investor shot, not a homeowner shot. Show that only when there is nothing better.
- Photograph the bedrooms, then use the one with the best light and widest view.
- Pull one low-angle exterior that makes the house look bigger than it is.
The goal was to book a showing, not catalog every corner. The photos still needed to show the home truthfully, but they did not need to lead with weak rooms or repeat the same view.
I also noticed the LVP was run widthwise across the main room. Next time I would run it the long way to make the space feel wider in photos. The direction of the planks changes how the eye reads the room.
That plank-direction point was a note I made about this room, not a universal installation rule. Layout, subfloor, sight lines, and manufacturer instructions still matter.
Writing Listing Copy That Sells a Feeling
The standard listing description is some version of “Welcome to this home.” That is lazy and it does not book a showing.
Here is the opening copy that ran on this house:
Imagine starting your day sipping a coffee while taking in the breathtaking views of Lookout Mountain. After enjoying your morning brew nestled in the valley of the mountains, take a quick walk or car ride to the historic St. Elmo District where restaurants, shops, and character await. After partaking in the hustle and bustle of town, retreat back to your quaint and peaceful abode situated on a corner lot.
Notice what is doing the work:
- It starts with a sensory image (coffee, mountain view)
- It ties to a known, desirable location (St. Elmo)
- It closes on the feeling of returning home
The opening does not repeat the square footage, bedroom count, or appliance details already shown in the MLS fields. It helps the reader imagine the benefit of the house, then asks the photos and the showing to carry the rest.
The Budget Overrun
This renovation was not tidy. I first budgeted about $50,000. The renovation and other project costs grew to about $75,000.
The surprises included:
- Reworking the electrical, plumbing, and mechanical systems.
- Running a new sewer line to the road.
- Fixing wavy floors.
- Adding a sump pump after a buried water line flooded the crawl space.
- Replacing the roof.
The $75,000 also included items such as builder’s-risk insurance, utilities, property taxes, and property upkeep. Financing was separate. Leaving out that overrun would make the deal look much cleaner than it was.
The Projected Deal Math
The house was under contract when I recorded the source. It had not closed, so the sale proceeds and profit below were projections.
| Line | Amount |
|---|---|
| Purchase (off-market, direct to seller) | $40,000 |
| Renovation and other project costs | About $75,000 |
| Cost before financing | About $115,000 |
| Interest over the roughly 18-month hold | About $20,000 |
| Simple sum of the stated costs | About $135,000 |
| Cost figure Ross later used | $137,500 |
| Contract price discussed in the source | $195,000 |
| Estimated fees and closing costs at 7% | $13,650 |
| Projected net after those sale costs | $181,350 |
| Projected spread Ross stated | About $43,800 |
The narration moves between a $135,000 sum and a $137,500 all-in figure. Ross then divides the stated $43,800 spread by $135,000 and calls it a 32% return. That 32% covered about 18 months, not one year; he described it as better than 20% for a year.
The video title says “$26,745 more,” but the narration does not derive that exact number. In the source, Ross says he thought the house might sell around $165,000 to $170,000 without the filter and that he could push toward $200,000 with it. That is his estimate, not a controlled appraisal of the filter’s effect.
Why a Base Hit Still Matters
The source does not frame every flip as a $50,000 to $100,000 television-style home run. Ross’s thesis is to collect safe base hits while building skills and relationships that can be used again.
He also owned companies hired on the project. That vertical integration made the work more valuable to his wider business than the flip spread alone. The same renovation and financing skills could support a rental by changing the exit strategy from a sale to a refinance and hold.
That does not make borrowed money free or a projected profit guaranteed. It explains why Ross viewed this imperfect, delayed project as a useful base hit rather than a failure.
FAQ
How long did it take to go under contract?
About two weeks to the contract described in the source. That is not the same as a closed sale.
Did the mid-project pivot hurt the sale?
The pivot left mixed cabinet styles because the house had first been planned as a rental. The source does not isolate how much that affected the contract price.
Does the same filter work at every price point?
Ross said the filter behaves differently at higher price points. In this first-time-buyer price range, he believed the presentation helped move the audience from rental investors toward owner-occupants. The source does not give a universal formula for every market or price tier.
How much did the cleaning and prep cost?
The source lists toilet cleaner, WD-40, sealant, plug-ins, dusting, and paint for dingy vents. It does not state a total cost or labor time.
I am just starting out. Which piece of this should I copy first?
Start by identifying the first major things a buyer will see, then walk the exact path from the street through the house. The Big Three in this case were curb appeal, entry flooring and paint, and the kitchen. Your property’s comps and price point decide what deserves that attention.