Reducing risk when buying foreclosures is important. If you’re hoping to make a wise investment of your time and money, then paying for a home inspection is a no-brainier.
As a best practice, you should always pay for a home inspection when you buy a foreclosure. It’s not required, but it’s a must-have risk reduction tool. Depending on whether or not the occupants are still there, you may or may not have active utilities for the home inspector to test. It’s a good idea to see if you can have the utilities turned on, so that vital systems (like pipes, plumbing and water pressure) can be checked.
In addition to major systems, a home inspector can gain access to see what shape the structure is in. Many times if a home has been empty for some time, there can be issues of vandalism, or the former occupants could have carried off the bathroom toilet! (You just don’t know.)
Best practice is to always get an inspection.
Comments on this entry are closed.