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Friday, February 08, 2013

“Completely Remodeled” should bring more questions…

Occasionally I see investor flips in the Brevard MLS system.

Sure there are some foreclosure deals out there these days although prices are rising.  Although the deals seem to be great one must remember the old warning caveat emptor still holds true.

You can identify most of these by the key phrase "completely remodeled."

These may in fact be a good deal but buyers of these flips should approach them with caution.

Sure there will be new paint, maybe new appliances and new carpet.  But, just like with people, the outside is not necessarily what you really get!

The "recently remodeled" should illicit a "by whom" and "where are the permits?"

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