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If you are looking for a deal you may be thinking about buying a foreclosure but buyer beware. There is a lot to know before putting an offer in on a foreclosed property.
Often foreclosures are sold “as is” and many times do not have a seller disclosure available for review. This makes it even more important to get a thorough home inspection.
Here are some issues to be aware of commonly found with foreclosures and not usually seen with the naked eye.
- Roof damage
- Damaged appliances
- Damaged or missing plumbing
- Faulty electrical systems and components
- HVAC system problems
- Conducive termite conditions
- Water penetration and damage issues
- Interior structural damage
A home inspection is essential not only to identify problems with the home but to also get a more realistic picture of the things that need to be repaired to make the home livable.
