How to determine the value of a fixer-upper?

Answer:

Buyers considering a fixer-upper or a foreclosed property should obtain as much information as possible before purchasing.

It is also important to examine the property. If you are unable to get into a foreclosure property, check with surrounding neighbors about the property’s condition.

It is also possible to do your own cost comparison through researching comparable properties recorded at local county recorder’s and assessor’s offices, or through internet sites specializing in property records