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Kathy Durbin
Exit Realty Central
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Answered: Jan 3, 2012
In answer to: looking for a fixer upper in chesapeake or virginia beach..christine_mikayla@yahoo.com , thank you
It is a great time to buy. You can snag a fixer upper in Chesapeake & VA Beach for way below market price, invest some time and money renovating, and end up with a like-new house. Be sure to run the numbers and know the market of the neighborhood you are interested in. You should determine the market value of the home first then subtract any profit desired and repairs/expenses.
Example market value of home $ 140,000 after repairs
Example subtract profit desired $ 20,000
Example subtract repairs $ 20,000
Example selling expense $ 8,400
Maximum Property purchase price $ 91,600
Let me know if I can help. I have access to all fixer uppers listed within the MLS as well as a few others which are not yet listed. Thanks, Kathy Durbin, Exit Realty Central
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