Comparative Market Analysis (CMA) and considered an independent appraisal for added assurance. During Due Diligence This phase is your chance to dig deeper and protect yourself financially. Professional Inspections: Spend the money on thorough inspections, especially for septic systems, structural integrity, or HVAC systems. Property Assessment: Review flood zones, checked for unpermitted work, and ensured the property title is clean. Strategic Negotiation: Consider asking for discounts or concessions for homes requiring significant work. Location Considerations The location should align with your lifestyle and investment goals. Neighborhood Research: Avoid being the most expensive home on the block, and look into area development plans. Proximity to major roads, schools, and crime rates all matter. Financial Protection Contingencies are there for your safety - use them. Inspection and Appraisal Contingencies: Keep these in place to avoid overpaying or being stuck with costly repairs. Renovation Red Flags Older and flipped homes often come with hidden challenges. Be cautious about homes with potential lead paint, asbestos, or outdated systems. Repairs can be costly. Flipped Homes: Ensure renovation work is quality-driven and properly permitted. Don’t be afraid to look under sinks or test
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