home inspection: Don't show me any foreclosures -- they're money pits!
- 06/15/11 08:41 AM
Don't show me any foreclosures -- they're money pits! You're right, foreclosures CAN be a money pit -- but certainly not always. And if you're not even considering buying a foreclosure in Wilmington NC, you're missing out on some fantastic deals! In fact, Wilmington NC currently has 99 Bank-Owned homes available with an average asking price of $212,018. When compared to the 2,000+ non bank-owned homes with an average listing price of $382,739 you can see there are some real deals to be had. Yes, foreclosures sell "as-is". This means that most likely the bank is not going to do any work … (33 comments)
home inspection: Is a fixer-upper a good idea?
- 07/19/10 12:28 AM
Fixer-uppers The oft heard phrase "Buyer Beware" is never more appropriate than when considering the purchase of a fixer-upper. You really need to know exactly what you're getting into before buying. It is commonly believed that fixer-upper properties represent easy money that is ripe for the taking - that you can buy it, do a little work on it in your spare time, and then resell quickly for a large profit. Usually, this is not the case. With proper planning and foresight, good profits can be made by buying "distressed" properties at less than market value, making appropriate improvements and repairs, … (8 comments)
home inspection: Home Inspection FAQs
- 07/17/10 01:27 AM
When purchasing a home you NEED a home inspection! Thanks to Kim Bregman for this great list of Home Inspection FAQs.
Q. WHAT IS A "HOME INSPECTION"?A home inspection is an objective visual examination of the physical structure and systems of a home. Having a home inspected is like giving it a physical check-up. If problems or symptoms are found, the inspector may recommend further action. Q. WHAT DOES IT INCLUDE?A property inspection report will review the condition of the home's heating system, central air conditioning system, interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, … (2 comments)
Don't show me any foreclosures -- they're money pits!
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