real estate

Take care when buying house to renovate it

On your mark, get set, buy
On your mark, get set, buy © Franck Boston/Shutterstock.com

On your mark, get set, buy

Sellers aren't always cooperative when a potential buyer asks to have an architect or contractor inspect the property before making an offer.

Pinto adds that sellers aren't likely to entertain the renovation-buyer's offer seriously if it's "a brand-new listing with lots of interest." But when a listing lingers, it's easier, he says.

In fact, real estate agents are beginning to anticipate that buyers will want to update, says Mary Liebrock, an agent in Northbrook, Illinois. She says agents in the Chicago suburbs frequently ask sellers to find the blueprints for their homes to attach to listing sheets. Why? To give buyers information for updating floor plans.

advertisement

          Connect with us
advertisement
advertisement

Blog

Stephen Pounds

Home sales grow at fastest pace in 9 years

New home sales rose 12.4%, reaching a seasonally adjusted rate of 654,000 units. That beats a revised June figure of 582,000 and is 31.3% higher than the July 2015 rate of 498,000 units.  ... Read more

advertisement
advertisement

Connect with us