The housing market has been through many ups and downs during the past 12 months. Now, buyers are facing a unique challenge as they try to find the right house in the perfect seller's market. Right now, real estate is extremely competitive, as low inventory has continued for several months.
In your imagination it seems like a great idea - you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams.
When buying real estate, you may find some unexpected problems. Generally, these issues revolve around plumbing, wiring or sticking doors and windows. Although they aren't as expensive to fix as other issues, there's always a possibility that they indicate bigger problems.
In your imagination it seems like a great idea - you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams.