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Should You Buy That Fixer-Upper? Best Tips from 30 Realtors®.

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

Should You Buy That Fixer-Upper? Best Tips from 30 Realtors®.

 

 Michael Martin of RemodelingExpense.com  recently asked 30 Realtors® from around the United States “What is the one TIP you’d give to someone buying a Fixer-upper as a First time home buyer?”

If you are a first time home buyer and/or someone looking to buy a fixer-upper  these responses from experience in the field Realtors® could save you thousands of dollars from making that BIG mistake.

The answers are fully explaining such issues as:

  • Knowing the actual Market Value
  • What are you’re Limits, financially, skill and time restraints.
  • Consult local building experts and get proper quotes before you buy.
  • Understand the scope of repairs and be sure to have a home inspection.
  • Budget and have a Cash Reserve.
  • Leave Emotion behind and look at the numbers.

To read the full article go to:-

 Should You Buy That Fixer-Upper? 30 Expert Realtors Reveal Their Best Tips.

@

http://www.remodelingexpense.com/should-you-buy-that-fixer-upper-30-expert-realtors-reveal-their-best-tips/

 

David Popoff is a license Connecticut Real Estate Broker at DMK Real Estate in Darien, Connecticut.

 

DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.

Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.

Cell 203-228-0646

 

E-mail DavidPopoffCT@hotmail.com

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi David.  It is all about the numbers.  No emotion should be involved.

Feb 05, 2014 07:33 PM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

David - great post about fixer uppers.     If the numbers don't work, it's not smart.  

Feb 05, 2014 08:23 PM
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Yes I totally agree, that is why this article is so good.

Feb 05, 2014 09:27 PM
Jill Winchel
Royal Shell Real Estate - The Koffman Group - Cape Coral, FL
We make it easy. You make it home.

Good list for buyers. Definitely need a home inspection so you know what you're getting into.

Feb 05, 2014 10:19 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

David,

I agree that it needs to make financial sense.  For some people it's sensible to actually lose money on a property... 

Feb 06, 2014 02:02 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the great tips. I will shre these with buyers.

Feb 06, 2014 08:01 PM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

David, fixer-pipers are definitely not for everyone and certainly manynof them are not for the faint of heart. 

Feb 08, 2014 10:20 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Wise advice David, I see a lot of people drastically underestimate what it will take to bring a house up to specs, and most pay far too much.

Every house is worth buying, but it is important to know at what price and stick to this price.

Feb 11, 2014 03:02 PM
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Another great source of infor is the cost vs? Value report on home remodels.

http://activerain.com/blogsview/4312640/cost-vs-value-real-estate-remodeling-trends-2014-

 

Feb 24, 2014 11:04 AM