Nat, Home Buyer in 30269

what does the term fixer upper mean in real estate?

Asked by Nat, 30269 Tue Jul 27, 2010

Help the community by answering this question:


A fixer upper to me means "Not Move in Ready".
You will need to have repairs done to this home.
This puts you on notice that there are issues and you need to have a professional inspection
to decide if the discounted price is worth the extra $'s need to bring this home up to shape.
Web Reference:
1 vote Thank Flag Link Wed Oct 13, 2010
Most likely "fixer upper" says NEEDS RRAPIR. May also signal that the property may not be in lendable condition. Request a seller disclosure, check for clues in the pictures and even be keen to notice what pictures are MISSING this suggests deferred maintenance by omission.
Flag Tue May 13, 2014

The term "Fixer Upper" means different things to different people. It can range from a lot of minor repairs and upgrades to major repairs getting the home ready to move in. Not all Fixer Uppers are a great value. It depends on the extent of repair and whether or not you have the ability to complete the work yourself or would you have to contract them out. Be sure you get a home inspection and preliminary estimate from a contractor before making an offer. Often times there are unexpected repairs that are not seen on the first visit. Secondly, be sure to talk with your lender. Not all have programs to cover these types of properties. It depends on the extent of repairs required.

Mike Jones, Realtor, ABR, SRS, SFR
Prudential Georgia Realty
770-827-6097 Cell
770-914-9400 Office
1 vote Thank Flag Link Tue Jul 27, 2010
More than just paint and carpet and may not meet FHA lending quidelines without the repairs being done.

Mark Lackey
Atlanta Housing Source at
Solid Source Realty, Inc.
Associate Broker

Home Buyers & Sellers -
Property Management –
1 vote Thank Flag Link Tue Jul 27, 2010
The term fixer-upper could mean a few different things, such as in need of extensive repair, very old house, hasn't been lived in for a while, etc. If considering such a purchase do have the property inspected fully.
1 vote Thank Flag Link Tue Jul 27, 2010
fixer-upper refers to a property which needs some work. Often used as an understatement for the immense work needed.

Good luck

Daniel D'Amico
0 votes Thank Flag Link Wed May 14, 2014
What does fixer-upper mean?
0 votes Thank Flag Link Tue May 13, 2014
Hey Mark - FHA has two programs that allow "major" repairs. One goes up to $35,000 and allows pretty much anything except room additions. The other one allows a much higher rehab value based on the sales price of the home and does allow structural repairs/changes. I can send you the bullet points if you aren't familiar with it. Not every lender offers these but we do - it's a specialty of mine. If anyone wants those bullet points just shoot me an email from the link below and ask for them.
0 votes Thank Flag Link Tue Jul 27, 2010
Actually there are specific and special loans for "fixer upper" properties. One in particular allows up to $35,000 in repairs to be financed into the purchase loan and is a very powerful home loan. We specialize in those types of loans and help the buyers, sellers and agents with a few pages of additional documentation and understanding the complete process. Fixer uppers can be a great way to get a fantastic deal in this depressed market.
Web Reference:
0 votes Thank Flag Link Tue Jul 27, 2010

Be careful on these in some instances it may not pass lender approval and you have lost money on inspection

Agent will author this statement notify any buyer / buyer agent home is distressed be prepared when previewing for not to disappoint the buyer.

You as a buyer need to know contracting any expenses are out of your back pocket in many instances less expensive purchase a "move in ready home"

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Tue Jul 27, 2010
Anna is right. There are varying degrees of "fixer uppers". But in general, it gives the buyer notice in advance, that there's work to be done!

Consult an agent and a contractor before making an offer. Renovations almost always uncover hidden issues so you should have a financial reserve as a buffer for those unexpected expenses.

Check out our website to see how our Real Estate & Renovation model works!

Stacy Carter
Associate Broker
Home Appreciators Real Estate & Renovations Team at
Better Homes & Gardens Real Estate Metro Brokers
0 votes Thank Flag Link Tue Jul 27, 2010

A fixer-upper is a real-estate property that will require maintenance work (redecoration, reconstruction or redesign) though it usually can be lived in as it is. A fixer-upper house or other dwelling in need of repair (usually offered for sale at a low price).


Julia De Sosa-Rocha

Atlantic Realty
Cell: (404)-886-0566
Fax: 1-866-529-5148
0 votes Thank Flag Link Tue Jul 27, 2010
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