Buying a ‘flipped’ home? Be careful

Home buyers always need to have an eye out for shoddy renovation work and defect coverups before purchasing a home. But when it’s a "flipped" home they’re considering, it’s wise to be.

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It seems like common sense.. Advertisement For years, buying a home was a measure of financial success. The housing crisis flipped that idea on its head, though, and people realized buying isn’t.

About the Author: The above Real Estate information on the what not to do before buying a home was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 30+ Years.

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Diana Olick reports on why home buyers should do their homework on a "flipped" house before buying it.. Buyers beware: flipped homes can be a costly nightmare. Family Trapped In.

But buying fixer-uppers is not a sure bet. With gains in home prices slowing, so is the pace of home flipping. That’s left flippers in some states selling off properties with low single digit returns,

11 Things To Think About When Buying A House by Mike Holman Buying a house is a very difficult decision – there are large sums of money involved, the transaction costs and hassle of moving mean that you can’t just buy another house if you don’t like the one you end up with, and you don’t have enough information to make a completely.

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Like when buying anything, purchasing a home is a financial transaction and should be treated as such. But, much like the Treher family’s case, that can be challenging for many homebuyers.

Buyer Beware: Read This Before Buying a flipped house july 24th, 2014 | Home and Lifestyle . When relocating you will more than likely go through the process of finding a new home.

A foreclosed home may decline further in value, so it’s smart to approach the transaction with a long-term perspective. Sure, you may be hoping to flip the property and quickly resell, but what if you can’t? Are you prepared for the long haul? What will the property cost if you hold onto it for five or 10 years?