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Bargain Properties >House Bargains
Houses that are spotlessly clean and tastefully decorated tend to sell quickly, and for top dollar. There can be substantial savings for home-buyers who are willing to purchase a property that needs cosmetic improvements.
When you look at a house that needs work, try to imagine it with fresh paint, refinished floors and new carpet. Consider the attractive features of the home. Would it get more sunlight if the draperies were opened and the windows cleaned? Does the back yard have potential?
Try to distinguish between the cosmetic condition of the house and the state of its structure and major systems. Some fixer-uppers need a lot of professional attention from electricians, plumbers and other expensive professionals, while others are true bargains that can be transformed with a little elbow grease, a paint brush, and your imagination.
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| Q |
What does "contingency" mean in real estate?
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A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
See More Real Estate Trivia > |
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Betty Cutler Favier Peaks Real Estate Sothebys International 136 Country Club Drive Telluride, CO 81435 Phone 1: 800-737-9621 Fax: 970.692.8427 bcf@TellurideRealEstateOnline.com
Betty has 24 years of experience helping people buy and sell their homes. Listening to her clients, ongoing education in industry standards and trends, and a high level of confidentiality and professionalism have built a real estate business of long term relationships and referrals. 
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