House flipping mistakes can eat away at a deal’s profitability. When flipping houses, however, common mistakes are easily avoidable, especially if you keep your expectations in check. To that end, entering into a deal with unrealistic expectations is a recipe for failure. It is those that mind due diligence, build a reliable team and plan ahead that will set themselves up for success.
Determining what will stay with the home and what will go with the previous owner will vary by seller and contract. Here’s how to determine what conveys with the home you’re considering, as well as tips to safeguard yourself when negotiating those extra items.