What to Know Before Buying a Flipped Home
Abstract
House flipping is when someone buys a home, usually for "Cheap," with the express purpose of remodeling to increase its value and sell it for a profit. Pros Flipped homes often utilize the trendiest design styles and come with brand new appliances. Cons While there are some risks associated with any home purchase, the risk can be greater with flipped property. Things to Look Out For There are certain things you can do to identify whether a home is flipped. Once you're touring the home, whether you suspect already it is a flip or not, there are some hints that could suggest it's a flip. Ultimately, your best bet to protect yourself from buying a poorly flipped home is to seek out a competent, experienced home inspector. You should do this regardless of whether the home is flipped or not; you never know what issues could be hiding below the surface, and an inspector is your best chance at uncovering any problems before committing to a purchase.
