Lake Lure NC real estate listings and homes for sale, home buying, home selling information – Fairfield Mountains, Lake Lure Resort Realty

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Just Listed! 126 Hillside Court Lake Lure, NC 28746

September 3rd, 2008 3:49 PM

$225,000.00
126 Hillside Court
#1101
Lake Lure, NC 28746

Beds: 2.0	Rooms: 2
Baths: 2.00	Sq. Ft.: 1100.00
Garage: 0	Built: 1974

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Karen Samborski
Fairfield Mountains Realty
828-447-0147
www.lakelurerealestateatitsbest.com

Visit this listing at Here

Posted by Karen Samborski on September 3rd, 2008 3:49 PMPost a Comment (0)

Thinking of a Fixer-upper in Lake Lure?

September 8th, 2008 1:36 PM

Fixer-uppers - Some things to think about

If you are thinking about buying a fiser-upper, there are some things to consider. The popular phrase "Buyer Beware" is never more appropriate than when considering the purchase of a fixer-upper.You really need to know exactly what you’re getting into before buying.

Some people believed that fixer-upper properties are easy money makers ripe for the taking - that you can buy it, do a little work on it in your spare time, and then resell for a large profit. This is not always the case, espeically in today's market. But, with proper planning and foresight, good profits may be made by buying "distressed" properties at less than market value, making appropriate improvements and repairs, and then reselling. For many first time buyers who intend to live in the house while working on it, buying a fixer-upper can be the very best option. It’s less risky buying a fixer-upper when you can live in the house while fixing it.

The most important thing to know before making a decision on such a purchase is what needs to be fixed. When you are spending money on improving a home with the notion of selling it later, strive to spend your money on things that buyers can easily see. Things like new paint and removing trash from the property cost little but have instant impact on curb appeal. Houses that have only cosmetic problems like peeling paint, a trashy yard, bad carpet or wallpaper are the best bet. This is especially true for the first time buyer looking to live in the house for a while before reselling. Fixing and cleaning cosmetic issues is fairly easy and inexpensive. It virtually always gives gives a good return on investment, particularly when you can do the work yourself. Kitchen and bathroom remodeling usually pays a nice return. Don’t be afraid of buying a fixer-upper in need of this kind of repair. Properties with structural damage, or a floor plan that requires major work to remedy, usually can’t be "fixed up" at a profit.

Always have an inspection for hidden damage performed by a home inspector or construction professional before buying a fixer-upper. Make sure that satisfactory completion of such inspections are a condition of purchase in any contract you sign. Sometime you an negotiate with the seller to pay for all or part of the cost of needed repairs uncovered by the inspection. Some sellers may even be willing to lower the sales price to sell the home "as is" instead of paying for the repairs.

Be careful that you don’t over pay. Especially if you plan to resell quickly, paying too much up front can doom your plans for quick profit. Research the market for reselling and have an exit plan for selling the house in place before making an offer.

If you are looking for a fixer-upper or have other real estate needs, please contact me ksamborski@fairfieldmountainsrealty.com 828-447-0147

Posted by Karen Samborski on September 8th, 2008 1:36 PMPost a Comment (0)