Should I Buy A Flipped Home

Dated: 09/29/2016

Views: 443

Often, flipped homes have cosmetic changes doneinorder to attract buyers and ultimatelyget the property sold. You might fall in love with fresh paint and brand new appliances, and generally speaking, most flipped homes attract many buyers because they have a smaller initial to-do list than other properties on the market. If you're looking at a property that could be a flip, be sure to ask these questions: What is the home's sale history? If the home recently sold for much less than its current asking price, it's possible it is a flip. Does the outside of the home match what's inside? If the exterior of the home is older, and the interior looks brand new, it's very possible someone is trying to flip the property. Information is your best friend when it comes to a flipped home, so getting the most info up front will help guild you toward pursuing the property or not. 

If you believe you're looking at a flipped home, consider asking the seller what changes have been made to the property, and check if any permits were issued for the work. Also, some buyers might be blinded by all the new interior cosmetic updates that they forget about the bones and the foundation of the home. Regardless of whether a home is old or new, always hire an experienced and licensed home inspecImage titletor to check over the home to make sure you're getting the most for your money  when it comes to buying a property.

Jim Mazzerina

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Jim Mazzerina

ABR, CRS, E-Pro, RSPS, SFR, SRES Jim is a “Jersey boy” originally from north Jersey in the Totowa, Little Falls area. He made the move to Stafford about 30 years ago, after finding the perfect....

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