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We all know that interest rates are still incredibly low. Additionally, home prices are still low as well. However, don’t let this lead you into believing that any home purchase is a good one. The market is, at present, in favor of the buyer. However, you must make sure that you make careful considerations before you buy. There are plenty of red flags out there telling you to move away from a purchase. Sometimes, this means that you need to fix a problem, but at other times it means that you shouldn’t buy.
First of all, you must be wary of the “fixer upper.” These properties are often very cheap, which makes them very attractive. Many times, we believe that we can fix the problems ourselves. In reality, however, they are often things that must be done by qualified professionals. Qualified professionals are incredibly expensive and you may not have sufficient budget for that. Next, properties that have had DIY repairs can also be a red flag. People may have done a really good job, at least cosmetically, but th