Get familiar with the local real estate market before deciding if you should buy.
“A fixer-upper is a good buy when you have at least three similar properties that sold in the same subdivision, preferably within the last 90 days and within a quarter-mile radius of the subject property,” said Jesse Anokwuru, a real estate investor and loan officer at Tidal Loans. “Residential real estate values are tied to sold prices of nearby properties, so make sure when determining an estimated sold price, you have at least three similar properties that you can reference.”
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