Bruxelles Real Estate

Finding Fixer-Uppers

A “?xer” is short for “?xer-upper” (also sometimes called a “handyman’s
special”). It’s a house (or condo/co-op) that is in less than
perfect condition, sometimes far less. Some merely need paint. Others
need a complete makeover. Some even require structural repair.
Whatever their de?ciencies, they are typically sold at a discount.
If you’re having trouble ?nding a home you can afford to buy in
the neighborhood you want, then one alternative may be to consider
a ?xer. Here you can sometimes substitute “sweat equity” for the
cash (or credit/income for loan qualifying) that you need to get in.

Why Should I Consider a
Fixer?

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There are three reasons that people want to buy ?xers. They are:

Get into an area you’d otherwise not be able to afford

Get into a house you’d otherwise not be able to afford

Make a pro?t

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My wife and I have a running battle over what constitutes
a ?xer. She feels that if the paint isn’t new and
there are one or two cracked counter tiles, it’s a ?xer. I,
on the other hand, maintain that the property has to

have a big enough problem that no one will pay full
price for it—obsolete kitchen/bath, broken doors in
interior, cracked foundation, and so on. Her complaint
is that no one will come down on the price for what she
considers a ?xer. Mine is that they often won’t come
down far enough to make buying the home and ?xing
it worthwhile.

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Deal in Rising or Falling Markets

Buy in the winter months.

There are good and bad times of the year to buy, and there are

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good markets and bad markets.

If you can, probably the best time of the year to buy your home is

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in December, preferably during the last two weeks of the month The Tracey Fragments

when everyone is fussing about the holidays.

Historically, there are fewer home sales between Thanksgiving

and New Year’s (by a wide margin) than any other time of the year, The Invincible Iron Man rip

simply because fewer buyers are out looking. Most buyers get

involved with the holidays and put off home searching until after the

New Year. The last few weeks of December traditionally have the

poorest sales of all.

Most sellers who haven’t been able to sell their homes during the

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after Thanksgiving. Often the only sellers who keep their homes Once release

up for sale (or list them at this time) are those who are desperate to

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get out. And if they haven’t sold by the end of December, those sellers The Da Vinci Code dvd Grilled film

are very desperate, indeed.

There are so few buyers at the end of the year, in fact, that “motivated”

sellers will often grab at ridiculously low offers just to get out The Thief Lord psp

of their property. If you want to save money, that’s when you should

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make your offer. Buy your home in late December.

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