Next here tonight real answers about buying your dream home sales of existing homes are on a rocket ride nearly a 5% increase in May and that's the biggest jump. And about three years. More than ever... See More
Next here tonight real answers about buying your dream home sales of existing homes are on a rocket ride nearly a 5% increase in May and that's the biggest jump. And about three years. More than ever people are buying houses though -- to fix them up and sell them as fast as possible. So what's hiding behind some of those walls. ABC's Rebecca Jarvis with a consumer warning for everyone tonight. Eric man hit the real estate jackpot this with a -- That's the flip. Find his Brooklyn home for one point two million dollars in just three days he painted the walls sanded the flowers added a 300 dollar chandelier -- -- it and sort of point one billion dollars did you think you're lucky. -- -- -- It's the wild world of house -- Lives are up 16%. Last year in 114%. From the year before. -- -- do little thought she was getting the deal a lifetime to on this newly renovated -- home buying it as it is see you want it to the house before you buy it. And you seen a lot of really nice stuff. Absolutely on the surface and it -- looked pretty bad but we need something or inspector -- she might find more than 151000. Dollars in hidden costs broke loose hazard is -- two weeks -- her sewer and a year after buying Erica found two feet of water under debris in the basement. -- -- -- all like there's a lot of flooding issues with clippers are particularly good -- is doing surface repairs and not hailing the structural repairs on a sometimes needed so Erika called in Jennifer and Steve Clark husband and wife -- urged the -- who say there -- insider secrets just putting a potentially bad flip. In your utility rooms make sure your dryer in heater prevented out of the house they -- an easy step and it just -- hole in the floor tissue a carbon monoxide. Coming back into the house they say the electrical. -- it should be about twelve inches off the ground was done improperly anything else could be a sign of old electrical wiring. This is a major fire. You hit this law and hold -- -- up. Also your switches should be on the wall. And not in the molding -- an after thought it was an afterthought finally separate hot and cold -- in the shower may mean old fixtures were replaced but not the old plumbing. Well not -- lips are -- remember. If it sounds too good to be true oh absolutely and seated hatred -- in -- Our experts also told us pay attention to how long that renovation took -- -- a heavy job for most houses it should take at least six months and -- of course you always always want to do that thorough inspection. Before you buy anything you great to have you watching out for us thanks --
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