Putting Lipstick on a Pig

Author
Brett Bumeter
on August 8th, 2008 filed in Uncategorized

We’re all familiar with the phenomenon that has gripped the nation called flipping. You know, when investors buy a home cheap, fix it up then aim for a short sale to make a nice profit. This phenomenon is quite interesting, but if you are in the market to purchase a home, be sure to investigate any potential property thoroughly before signing a purchase and sales. It is also important to make sure you receive all the proper disclosures including lead paint and asbestos. The last thing you want to worry about is exposure and potential mesothelioma.

In addition to hiring a certified home inspector, a potential buyer should also look-up the properties deed to investigate history of ownership. The tenure of ownership is always a good indicator as to whether or not the property may be a “flip”. Keep in mind that buying a flipped property can be risky, but with a thorough home inspection and some research, you will be able to spot any little piggies with lipstick.

Source: mortgagenewsdaily.com