
07-05-2021, 03:54 PM
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Sage
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Join Date: Aug 2016
Location: village of Fenney, Ford City, Pa., and Hudson, Ohio
Posts: 4,672
Thanks: 6
Thanked 4,894 Times in 1,681 Posts
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Quote:
Originally Posted by joelfmi
.Before anyone that buys a home that is being flipped for cash have the home apprised and inspected, Inside and outside for construction defects, electric and plumbing upgrades, roof, sink holes, noisy location, power lines, cost of renovations, illegal plumbing and electric work, ,neighbor's and rules of HOA, this is just a little of what must be done. As a rule flipped home need a lot of due diligence.
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No need for an appraisal they can't keep up with the changes, you either pay what they're asking or you don't get it. All homes purchased be it from a flipper or original owner should be inspected. A lot of these homes that are being purchased and re-sold are only a few years old, if south of 44 the oldest homes are just over 4 years and need very little. No need to be paranoid because a flipper is making a few bucks on a re-sale.
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The Following User Says Thank You to vintageogauge For This Useful Post:
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