What You Should Know About Buying and Selling Fixer-Uppers in Orange County

Whether you are a first-time buyer, willing to put “sweat equity” into your first home or dream home in order to purchase at a lower price or just building your real estate portfolio, fixer-uppers are a tempting option. Before you decide this type of investment suits you, here’s what you should know about buying and selling fixer-uppers in Orange County.

Potential

While your potential fixer-upper may be lacking in appeal as it sits,  you will need to be concerned with the long term outlook of being a seller. There are many factors to consider when buying and selling fixer-uppers in Orange County. Not to be overlooked, the most important aspect of value in real estate is the desirability of the location. All changes need to be made with the future buying public in mind. Despite any emotional attachment to the property, you must approach an investment in a property that requires rehabilitating, remember you are buying in order for the property to be sold for a profit. you will want to understand the importance of the selections you make during the upgrades or repairs, whether in materials for counters, carpets, or overall style.

Make it Yours

On the other hand, while working with future appeal in mind, at the same time you can make a fixer-upper uniquely yours. Buying and selling fixer-uppers in Orange County can be a successful venture, while still fulfilling any desires that fit within the structure and any budget constraints.

Discount

One thing you should know about buying and selling fixer-uppers in Orange County is that the reason you will realize a discount on the purchase price is the same reason a loan will be difficult to attain on a home that is in a state of disrepair.

Renovation Loans

While they may differ from conventional mortgages, it helps to know that there are financing options available to you when buying fixer-uppers in Orange County. Some of these renovation loan programs may even include additional housing for the time period involved in the repairs.

Expect the Unexpected

As anyone who has experienced updating or renovating their home, it’s not unusual to discover problems that were hidden, even from the best of inspectors. When you are considering  buying and selling fixer-uppers in Orange County, you will want to allow for this possibility in your budgeting plans, 

Expenses

you will need to go into this area of the real estate market with realistic expectations of the timetable you are facing. Likewise, you should know how to estimate the costs you are facing in order to avoid financial disaster. Having a thorough appraisal and inspection so that you can plan properly for your project when buying and selling fixer-uppers in Orange County.

Professionals

If you are not experienced with all of the aspects of renovating fixer-uppers in Orange County, you’d be wise to build relationships with experienced contractors. Whether buying or selling, building a network of professionals as a team, while time-consuming, can pay off in the long run. 

Know Your Market

You should also know that when you are buying and selling fixer-uppers in Orange County, that the majority of home buyers are seeking ready-to-move-in properties. For many, their schedule is already full and doesn’t allow the time commitment such an endeavor will require. For others, it’s a matter of being able to afford to move with virtually little to no physical effort along with the desire for instant gratification.  

Looking to buy? Ready to sell? H&M Realty Group can help investors find the best fixer-uppers to buy in Orange County! A direct sale to H&M Realty Group is a great way to sell your fixer-uppers in Orange County! Send us a message or call 949-625-4533 today.

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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