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Updated over 10 years ago on . Most recent reply
Appraisal and Home Inspection Before Rehab?
I am working on a deal where the seller is going to hold the note while I flip the house. In cases where there is no bank involved, would you get an inspection or appraisal prior to closing?
Tom
Most Popular Reply

The fact that you're asking tells me that you're not confident in your ARV assessment or your condition/rehab assessment.
And, if you're not comfortable with those, you shouldn't be moving forward until you are.
So, yes, get an appraisal (for ARV, not current value) and an inspection.