HUD Articles
Is a house that’s been sold multiple times in a few years cause for concern?
June 05, 2023
A house that changes hands frequently can be a red flag as it can indicate potential problems with the property, the neighborhood, or the market. If you are faced with this situation, have your agent investigate the reason the property keeps changing hands by reviewing public records and other documents to determine any outstanding issues. But you need to do your due diligence, too. Have a home inspector review the property, hire a real estate attorney to review the documents, and talk to your agent about the local market and property values to see if there’s an issue there. Such a house isn't necessarily a red flag, however buyers should proceed with caution.
