With the South Bay housing market in a frenzy and so many “flipped” homes for sale, buyers need to be very cautious rushing into the purchase of a home based on the beautiful cosmetic updates. Flipped homes are often originally bank owned or distressed sales in very poor condition and it is usually purchased by investors looking to do the least amount of work to get the greatest return. Updates are often primarily cosmetic and it is absolutely in the buyers best interest to have a home inspection. The picture below was a recent home that I saw and in my eyes if they can’t even properly paint the outside this is a pretty good indication that this was done quickly and cheaply. Buyer beware!
This doesn’t mean that many flips were not done very well but heed the warning signs.
