Fixer Upper Mistakes
Interest rates are at record lows, and that can be great news for fixer upper buyers! But it can also leave many people vulnerable to high-interest rates, scams, and other money pitfalls. Don’t fall victim to fixer upper buying mistakes that can cost you time, money, and peace of mind. Avoid these common mistakes as you buy a fixer upper.
1) Not learning about the fixer upper buying process.
Owning a fixer upper is an excellent step in building wealth for you and your family, but it’s not without its challenges. You need to learn about the mistakes and pitfalls that can cost you thousands of dollars before you buy. Having a great real estate agent can help educate you and find the perfect fixer upper for your situation.
2) Not knowing the details of your fixer upper purchase.
Bank and mortgage brokers can charge you thousands in closing fees, and that the seller of the fixer upper can add thousands to your price. Does the price include a warranty for your fixer upper? You might also not know what your rights are when you buy a fixer upper. This lack of knowledge could lead to costly mistakes. Having a knowledgeable real estate agent to teach you and walk you through the process of buying a fixer upper is invaluable.
3) Not waiting to find the right fixer upper.
With all the choices out there, it can be challenging to find the right fixer upper. However, purchasing the wrong fixer upper can be more frustrating in the long run than waiting a little longer. A real estate agent can help provide perspective on whether a fixer upper fits your needs or if you should keep looking.
Need a real estate agent to help you avoid common mistakes when buying a fixer upper? Contact our real estate team today to see how we can help you avoid fixer upper buying mistakes and get the best deal possible!