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Buying or Selling a Home/investing in fixer uppers
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Question
what are the crucial things to look for when choosing a fixer upper to buy?
Dear Martha,
I am starting with the assumption that you are buyer the fixer to fix and flip. Start with your costs to purchase and then budget exactly how much it is going to cost to fix it up, then add the costs to sell it. Have you made a profit and is the profit enough to warrant the work and the risk taking into account whether you are in a buyers or sellers market.
If you are purchasing for a reason other than selling let me know and I can address my answer to that goal.
Hope this helps and good luck.
Sue Bernstein
www.SueBernstein.com
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Questioner's Rating
| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 5 | Politeness = 10 |
| Comment | My specific question was not answered. The answer given was something I already knew. I'm left asking the same question again, but thank you for the quick response anyway. | ||
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- Dick Dennis
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- Hans Weber, Licensed Broker Associate
- Sue Bernstein
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- Jim Root
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- Todd C. Menard
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- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
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- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Sue Bernstein
Expertise
My expertise in in residential real estate., I have been selling residential real estate for over 2 decades in the Los Angeles area. I can answer most questions regarding real estate in the state of California and most generic questions for the rest of the country relating to buying and selling homes, selecting a real estate agent, and more!
Experience
Residential Real Estate, Probates, Conservatorship and Trust Sales
Education/Credentials
Brokers License
E-Pro Certified
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