Thinking about buying a recently “Flipped” house? Read this first.
The photo displayed in this post is from a home that is in the process of being sold. The house was purchased by an investor with the intention of “Flipping” the house (i.e. buying it for below market value, doing improvements, and selling for a profit.)
Because of the depressed housing market this has become a big business, and ANYONE can do it. This attracts people who may not be totally qualified to be hiring and supervising contractors. Because of this, many times the “Improvements” may not be done correctly.
Luckily for the homeowner attempting to purchase this home, their inspector was top notch and caught the roofing issue before it became the new owners problem, which would have cost them thousands in repairs.
To avoid being stuck in a situation like this, always take a little more time. If you are not absolutely sure about the condition of a property or its components, make sure you hire the best professionals you can find to be your advocate.
