Buyers often assume a flipped home is like new — move-in ready and free from hassles. The newly renovated home gets top dollar, and the buyer assumes it is perfect. Most buyers, however, don’t realize that some contractors or property “flippers” are anxious to move on to the next job, and their work may be rushed and subpar as a result. If you’re buying a flipped house, consider taking the following steps to ensure you don’t get any unpleasant surprises after closing.
Be Vigilant: As tempting as it can be, try not to get caught up in the excitement of new appliances, marble baths and other fancy bells and whistles. By looking closely at the details, you can learn a lot about the quality of work done on the property.
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