House flipping gone awry: 7 warning signs that a flip is a flop

kurhan |

In real estate, house flipping is the practice of buying a house or property with the aim of selling it later for a profit. But there are cases when people are such in a hurry to generate cash that they tend to overlook a few problems. Instead of solving these problems, flippers turn to cosmetic fixes, turning dream homes into nightmares. Underneath those visually appealing flooring and picture-perfect room layouts lie structural, electrical and mechanical issues that will surely put people off. What should buyers be aware of before purchasing a possible flop? Take a look at this list.