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More Multi-Million Dollar Fixer-Uppers Sold As-Is

Source: The Mercury News
Southern California has seen a surge in pricey houses on the market with phrases such as “fixer upper,” “TLC,” “needs work,” or “good bones,” an analysis by real estate website Zillow shows.
Expensive fixer-uppers, or those listed in the top third of their markets, saw the biggest increase in the number of as-is homes for sale around the nation over the last five years, going up 35 percent. By contrast, fixer-uppers in the bottom third of the market rose less than 3 percent.
“Rising home prices and tough buyer competition may be giving sellers more flexibility to list their home for sale ‘as-is’ without needing to fix it up first,” the report states.
fixer upper

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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CA Department of Real Estate Lic.# 01960213
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