Bargain Hunting: Flawed Homes that Could be a Good Deal

: "The U.S. Air Force major and his homemaker wife felt deeply discouraged. They had just spent four long days searching for a home in a neighborhood with top-flight schools for their kids. All the properties they visited were obviously above their financial reach -- except for one Tudor house in dingy condition.
The property seemed like a long shot because the decorative trim on the exterior was falling off and the landscaping was in a jungle-like condition. Also, the home's interior was burdened with dated, loose wallpaper and worn carpet in colors ranging from orange to navy."
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