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.

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