Your Local Deal List
REO homes, short sales, auction properties and pre-foreclosures around the city or ZIP code you enter — the ones priced below what they're worth fixed up.
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- Distressed & fixer listingsFind homes with renovation potential
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Featured Fixer-Upper Homes
View More Homes
Fixer
$124,900
Cleveland, OH
Solid bones with great potential in a growing area.
Auction
$89,000
Detroit, MI
Great investment opportunity near downtown.
Investor Special
$165,000
Kansas City, MO
Spacious home with strong ARV potential.
Needs Renovation
$199,000
Atlanta, GA
Ideal for a fix & flip or long-term rental.
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Why
Choose Us?
- Access Off-Market OpportunitiesFind distressed, pre-foreclosure, and underpriced homes.
- Work with Local ExpertsGet connected with real estate professionals in your area.
- Make Smarter InvestmentsFind homes with real renovation and equity potential.
- A Simpler, Faster SearchSave time with a customized list of fixer-upper homes.
How It Works
From property search to financing and ongoing investor resources — all in one seamless experience.
- 1. Find Homes Search by city or ZIP to discover fixer-upper opportunities.
- 2. Complete Form Tell us about your goals and get personalized results.
- 3. Get Matched Listings Receive customized fixer-upper homes in your area.
- 4. Explore Financing Find private funding options for your purchase and rehab.
- 5. Extra Resources & Offers Access investor tools, educational content and ongoing opportunities.
Fixer-Upper Buyer's Guide
Zip-FixerUpperHomes.com helps you find fixer-upper homes, foreclosures and distressed properties selling below market in your area. Median fixer-upper prices sit around $200K, against $436K for the median US home — and foreclosure filings are up 26% year over year, feeding more distressed inventory into the market.
Distressed Inventory The Listing Sites Bury
These homes are scattered across bank inventory, county auction calendars and trustee sales, which is why a normal home search rarely turns them up.
Real Deal Math
National gross ROI on a flip is running around 23%. We send you the inventory — the numbers have to work on paper first.
Distressed Inventory Is Expanding
Foreclosure filings are running 26% above last year, and that pipeline takes months to reach the market. REO homes, short sales, auction properties and pre-foreclosures are the supply behind every flip — and right now more of them are hitting the market than at any point since the pandemic. The homes on your list are the ones that come out of that pipeline in your county.
The Spread Is Where The Money Is
The median fixer-upper trades around $200K while the median US home sells near $436K. That gap is the entire business: you buy the discount, you pay for the repairs, and you sell into the retail market. Every property on your list is priced on the distressed side of that spread — which is exactly why these homes never show up in a normal home search.
Realistic Deal Math, Not Hype
National gross ROI on a flip is running around 23% — healthy, but tighter than the headlines suggest. That means the deal you pick matters more than the market you're in. Buying right, budgeting the rehab honestly and knowing your exit before you close is what separates a profitable flip from an expensive lesson.
What Makes A Property A Fixer-Upper
A fixer-upper is any home priced below what it would be worth in good condition, because of deferred maintenance, dated systems, cosmetic damage or the circumstances of the sale. The label covers everything from a house that needs paint and flooring to a full gut rehab. What they share is a gap between the price on the listing and the value of the finished house — and that gap is what you are actually buying.
Where Distressed Inventory Comes From
Most discounted properties reach the market through distress rather than choice: a missed mortgage payment starts a foreclosure filing, the lender takes the property back as an REO, a seller who owes more than the home is worth negotiates a short sale, or a county sells a property at auction. Each of these paths produces a motivated seller who cares more about a clean, fast close than about squeezing out the last few thousand dollars.
The 70% Rule And After-Repair Value
Experienced buyers work backward from the after-repair value — what the house sells for once the work is done. A common guideline is to pay no more than 70% of that value minus the cost of repairs. On a home that will sell for $300,000 and needs $40,000 of work, that puts the maximum offer near $170,000. The rule is a starting filter, not a law, but any deal that fails it badly is usually a deal that fails on paper too.
Budgeting The Rehab Honestly
The rehab budget is where most first flips go wrong. Walk the property with a contractor before you commit, price the big-ticket items separately — roof, HVAC, electrical, plumbing, foundation — and add a contingency for what you cannot see behind the walls. Cosmetic work is predictable; structural and mechanical work is not.
Knowing Your Exit Before You Buy
Decide how the property leaves your hands before you make the offer. Selling to a retail buyer means finishing to a standard that appraises and photographs well. Holding it as a rental means the numbers have to work on monthly cash flow instead of a sale price. Wholesaling means the discount has to be deep enough that another investor still sees a margin.
Managing The Risk
Every discounted property is discounted for a reason, and part of your job is finding out what that reason is before closing. Check the title for liens and back taxes, understand what condition the property will be delivered in, and confirm whether you can inspect it at all — many auction and REO properties are sold as-is with limited access.
Start Your Deal Search Today!
Distressed homes go to whoever runs the numbers and makes the offer first. Your first flip is easier close to home — enter your city or ZIP code and see the fixer-uppers in your area today.