Purchasing a renovated home (flip)

[Anonymous]

Thinking of purchasing a renovated home in NW. Anyone have any experiences they want to share? pros/cons?

[Anonymous]

Make sure the permitting was properly done.

[Anonymous]

Anonymous wrote:Make sure the permitting was properly done.

How can you compare permitting to what what work was supposed to be performed?

[Anonymous]

I would ask the flippers what other houses they have flipped. Then contact the current owners to see if they are happy.

[Anonymous]

Yes, just what 8:22 said. Learned about a flip in which the renovaters installed vents but no air ducts. Total mess for buyers.

[Anonymous]

I'd also make sure it isn't the first time they've flipped a home.

[Anonymous]

Hire a contractor for a day and have them inspect the home--kinda like your own "holmes on homes" guy. Good contractors know shoddy work. You might also hire an master electrician to check out the work. You might spend $500 but you go into the deal much more informed.

Also, I wouldn't totally rely on a home inspector. If you hire the contractor or electrician, you can leave it out of the contract, making your offer more attractive, and have them inspect the house during a visit. If they do not want to do repairs, pull out. The flippers don't know if you are a contractor yourself or related to someone who is. There are people out there who would love to earn 300 or 400 to pull apart someone else's work!