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.
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
Atlanta Housing Source at
Solid Source Realty, Inc.
Home Buyers & Sellers - http://www.AtlantaHousingSource.com
Property Management â€“ http://www.SolidSourcePM.com
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
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!
Home Appreciators Real Estate & Renovations Team at
Better Homes & Gardens Real Estate Metro Brokers
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