A fixer-upper is a house that needs a lot of repair work. Because they need maintenance, fixer-upper homes usually sell for less than a home that’s in better repair or a new home. People often buy a fixer-upper when they enjoy do it yourself projects and want to buy the home as an investment. Once a fixer-upper has been fixed it can sometimes sell for a higher value than the home buyer bought it for.
Many people look for fixer upper houses to improve and make their own. Are you considering buying and selling a fixer upper home? View this Expert Real Estate Tips segment to learn more about how to market your fixer upper house for sale.
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed a new twist on fixing and flipping for a profit. Some folks now fix and flip Web sites. She also looked at the foreclosure market and talked about how to find great deals--and getting the bank to accept them. The FBI issued a new warning about the Storm Worm Virus, and LEDs are saving big bucks for some companies. Can you save money that way too? For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Learn about the risk of electric shock in your home. Electric shock can occur when electrical and extension cords aren't properly managed. Do you risk electric shock by using an indoor extension cord outside? Learn how to protect your home and family from electric shock.
Selling your house on a "rent to own" basis may seem like an easy way to get out of your house, but there are risks involved in selling a home on contract. You might not want to take those risks. You might be able to sell it to someone else and get your cash up front.