A recent report revealed that 20% of all homes purchased nationally are being bought by investors who pay in cash. These homes are bought so new owners can rent them out. In Huntsville, many local investors like to buy, renovate, and sell these cash-bought homes.
While these flipped homes are eye-catching, it’s absolutely crucial to get a comprehensive home inspection if you are interested in buying one. Despite their looks – the fresh coats of paint, attractive landscaping, new kitchens, and updated bathrooms – there could potentially be serious problems lurking under the surface.
To ensure you’re not buying a home with defects that will cost you a lot of money down the road, you need to have a reputable company, one that will be detailed and honest with you, inspect your home. This way, you can avoid a home with sinking foundations, faulty plumbing, or leaky roofs that you never would have noticed otherwise.
Having an agent that can help you negotiate key repairs before you move in can be the difference between moving into your dream home and a nightmare. Once the inspector assures you that the home is a solid investment and has been renovated thoroughly, you can look forward to enjoying the benefits of an established area with a newly updated home.
If you have any questions about flipped homes or need real estate assistance of any kind, give us a call. We’ll help take the pressure off the buying and selling process!
This Week’s Closings, Congratulations!
Mr. and Mrs. Benjie Neeley
This Week’s New Listings For Sale: