Buying a fixer upper. Are you sure?

By
Real Estate Agent with Atlanta Communities 303302

Occasionally I work with first time home buyers looking for a real deal. This usually means finding a lower priced fixer upper, a home that needs extensive work. I worry most times weather or not the buyers truly know what they may be getting into.

The problem with homes that need work is that you can never be fully sure what is wrong with the home. In these instances it pays dividends to have a really good home inspector and to be a very good detective. For instance, I was recently in a home where the wood floor boards were worn and cupped. The wear was from heavy use, the cupping indicates moisture. We looked under the home in the crawl space, but it was bone dry. Days later we looked under the home after a heavy rain and found 4 inches of water! The cupped floor boards were trying to tell us something!

In another story, buyers were looking at a home that needed work and thought they were getting a good deal, even with the known issues with the home. That was until the termite inspector found the sill plate virtually eaten away by termites. This is the base board over the foundation that the home sits on. It pays to have many eyes look at a home that needs work.

If you are in the market for a fixer upper, make sure you find an agent to help you that has great resources such as inspectors, engineers, termite inspectors, and more to make sure you are getting what you think you are. It really might be a deal, but if it isn't we need to know up front.

Posted by

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Georgia Cherokee County
Groups:
Active Rain Newbies
Realtors®
Out Of The Box!
Almost Anything Goes
Diary of a Realtor
Tags:
deals
fixer
den boer

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
788,655
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Buying a fixer upper can be very rewarding, but always consult a trusted builder before hand and get your prices up front along with inspections.

Feb 20, 2018 07:04 AM #1
Rainmaker
3,482,707
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Peter, I agree, and especially worry when a buyer tells me they don't need an inspection, because they can fix stuff.    As you say, there are usually signs you should be paying attention to! 

Feb 20, 2018 10:42 AM #2
Rainer
60,967
Golden1 Agents
San Mateo, CA

Thanks for sharing this.

Feb 23, 2018 08:34 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
625,186

Peter den Boer

MBA,GRI, Associate Broker, Realtor
Ask me a question
*
*
*
*
Spam prevention

Additional Information