AVOID FLIPPING OUT: A GUIDELINE TO BUYING A FLIPPED HOUSE

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Many home buyers wrongly assume that a newly renovated home is, well, just that: new. They perceive it as move-in ready and free from hassles. The newly renovated home typically pulls in top dollar, because the buyer assumes it is perfect, turnkey and ready to go.

Although house-flipping shows on television often make the process seem easy and feature beautiful homes with happy stories, they don’t follow through to see how the home withstands daily use, weather patterns and typical wear and tear.

Some contractors or property flippers want to move on to the next job as soon as the first one nears completion. Others may uncover unforeseen expenses that send them over budget. As a result, their work may be rushed or subpar.

If you’re buying a flipped house — one that the seller purchased less than one year earlier — the following tips will help ensure you don’t get any unpleasant surprises after closing.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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