Fixer-uppers
By Gena Bolton, Sandestin, Destin and South Walton 30A Real Estate
(eXp Realty LLC | CRS, GRI, CLHMS | SoWal 30A Your Beach Awaits | )
The phrase "Buyer Beware" is appropriate when considering the purchase of a fixer-upper.You need to know exactly what you're getting into before buying. It's 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. With proper planning and foresight, good profits can be made by buying "distressed" properties at less than market value, making appropriate improvements and repairs, and then reselling. And for many first time buyers who intend to live in the house while working on it, buying a fixer-upper can be a good option. It's less risky buying a fixer-upper when you can live in the house while fixing it. If this is your option look i...
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