In today’s real estate market, buying or selling a distressed property is a common practice. With inventory becoming harder to find, it seems like the best opportunities are in distressed properties for buyers and investors. The goal in getting the best deal, is to buy it at a price that will give enough room for error when flipping a property.
There are many ways to classify a distressed property which we will cover another time but, in short, a distressed property is a property which cannot be maintained by the owner.
The selling price of a distressed property is comparatively lower so it attracts many buyers. Since these types of properties are sold in “as-is” condition there are some things you should know when estimating your cost of repairs.
When you do all of these things correct you will be on your way to calculating the correct repair cost.
If you are still not sure the best way to go about estimating repairs, here are some additional tips to help guide you:
Many factors affect the value of a distressed property so we hope that these tips help you to effectively asses the cost of repairs. If you are looking for distressed properties or the best off market deals, then make sure you call A Team Marketing, LLC or,