How to Avoid a Real Estate Money Pit

Okay, maybe I am telling my age but do you remember the hilarious 1980s comedy, The Money Pit, starring Tom Hanks and Shelley Long?  How outrageous that movie seemed with them falling through floors and having their entire marriage end because of a real estate purchase that was not properly investigated.  But in today’s market, with foreclosures galore, Buyer’s are running (rightfully so) to snap up homes at these great prices but the Latin phrase caveat emptor still holds true now more than ever… Buyer, beware!