February 10, 2010
The Fixer Upper
This term simply refers to a property that’s being offered for sale at a lower price than what it should normally get, because the property needs a number of repairs to be restored to its best condition.
A house with a large floor area and significant improvements may still be called a fixer-upper if, for example, the house has been neglected or abandoned for several years, needing to be remodeled to be fit to live in again.