August 25, 2009

On to mistake #7 of the 10 mistakes home owners make that can cost them.  Make sure to check out the past 3 weeks of blogs for mistakes #8, 9 & 10 if you missed them.

Yeah, so this example of a house...?...is extreme but it is true that fixing up a fixer-upper can be quite expensive. Know what you're getting into before buying a home that needs major repairs.

Mistake #7: Buying a foreclosure or fixer-upper without doing your research

Some homebuyers are so set on finding a bargain, they overlook the fact that buying a home that needs repairs can be a stressful and expensive endeavor. Before buying a fixer-upper, get estimates on any necessary repairs and renovations and make sure they will pay for themselves in increased property value. The foreclosure market is also full of opportunities, but it's important to be aware of the potential pitfalls before buying a foreclosed property.

Check back tomorrow for more on what to know about fixer-uppers if you think you might be in the market for one.

Also, make sure to check back at the end of the week to get the chance to be entered in a free give-away!

Article obtained from: http://www.frontdoor.com/Buy/Top-10-Home-Buying-Mistakes-That-Can-Cost-You/55152/p7

Take a look at my market report for today!
http://www.ryanvaught.com/chicomarketreport

Currently Ryan has about 30+ listings in inventory, and has sold 23 homes in 2009. Please don't hesitate to contact me with any questions about Chico area real estate.

Interested in learning more about the Chico area or Ryan?
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Office Phone: (530) 343-2959

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New Chico Listings, Chico, CA:

		1034 SALEM ST, Chico, CA	$123,750.00
		Residential 2 Bedroom 1 Bath Built in 1945	0.13 Acres  870 Sq. Ft.
		#193 Charming 2 bedroom 1 bath home within walking distance to downtown Chico. Remodeled kitchen and baths, private backyard. Really cute and priced to sell quick! More information on 1034 salem st

		1085 EATON RD, Chico, CA	$205,000.00
		Residential 3 Bedroom 1 Bath Built in 1962	0.26 Acres  1239 Sq. Ft.
		sq ft, lot size & year built from county records, buyer to verify. Great home with huge back yard! If you're looking for a solid built home with loads of potential this is i... More information on 1085 eaton rd

		655 E 19TH STREET, Chico, CA	$230,000.00
		Residential 4 Bedroom 2 Bath Built in 2006	1549 Sq. Ft.
		HUD Home Opportunity! Electronic bids until 8/30/09 for owner occupant priority then owner occupants/investors on a daily basis. HUD is offering specialowner occupant buyer's ... More information on 655 E 19th Street

		842 MACY AVE, Chico, CA	$299,500.00
		Residential 5 Bedroom 2 Bath Built in 1959	0.17 Acres  2046 Sq. Ft.
		Great location close to Bidwell Park, downtown and CSUC. Pride of ownership neighborhood. Brand new roof, new dual pane windows, recent paint inside and out. Tile kitchen a... More information on 842 macy ave

		1527 RIDGEBROOK WAY, Chico, CA	$331,000.00
		Residential 3 Bedroom 2 Bath Built in 2002	0.16 Acres  1544 Sq. Ft.
		This adorable turn key home is in a very nice neighborhood & close to shopping & Bidwell Park. Amenities abound including cherry wood stained cabinets, tile floors, whole hous... More information on 1527 ridgebrook way

		767 BRIDLEWOOD CT, CHICO, CA	$399,000.00
		Residential 3 Bedroom 2.5 Bath Built in 1984	0.28 Acres  2355 Sq. Ft.
		This is an absolutely immaculate 3 bed 3 bath 2355 sq ft home on a wonderful cul de sac of custom homes and wide smooth streets. The house features a large kitchen with a gran... More information on 767 bridlewood ct