Flipping houses has become common, however, what looks easy on TV, is anything but in real life. Berkshire Hathaway HomeServices Indiana Realty Trusted Advisor Amy Mocas shares important items to consider when buying a home that’s been flipped.
"The first and most important item to check off your list is to find a trusted advisor,” Mocas said. “I also recommend walking through the home with your real estate agent looking for issues you might not be expecting, and third, have a home inspection.”
Finding a trusted advisor is beneficial because they are in tune with the market. “They know the neighborhoods, the properties and everything about the area. They're going to advise you and help you through the entire process, and that's really what you need,” Mocas said.
A home inspector will ensure the work on the home has been done to code. “They'll go through and evaluate the components of the home and create a report outlining any issues they come across. From there, your agent will come up with a plan to get the items repaired and addressed for you,” Mocas said.
Due to the increased popularity of flipping homes, you might not always know who’s worked on the home. Mocas says while there isn't always a way to find out about the investors or people who worked on the home, a real estate agent can help get a list of contractors from the sellers, and help you research the work that was completed.
As a trusted advisor, Mocas and her colleagues at Berkshire Hathaway HomeServices Indiana Realty know the right questions to ask when it comes to real estate transactions. Need to get in touch with an agent to advise you? Visit bhhsinrealty.com.