Cutting Corners when Purchasing a Short-Sale or Foreclosure Could end up More Costly!

April 7, 2009

 In today’s world of short sales and foreclosures there are more and more vacant homes that do not receive the TLC that homes require. While managing funds up front when purchasing a home is important, spend the money when it comes to home inspections! Make sure that your Realtor is providing you with a proven list of inspectors for:
                           1.    General Home Inspections from floor to roof
                           2.    Mold Inspections – this is especially important when a home hasn’t been lived in, A/C not run, etc …
                           3.    Termite Inspections

Also, if any of the utilities have been shut off in the home, have your Realtor ask to have them turned back on for the inspections. It’s worth a try and will eliminate any disappointing surprises!  Having all of these inspections done will run you anywhere from $650 – $850, but could pay off ten-fold in the years to come. The Jim Soda Group sold a home that had been vacant for about a year and had a small amount of water damage in the kitchen; as a precaution we had a mold inspection done and came to find that the mold count in the A/C handler was at a very high level! Had there not been anything visible, there would have been no red flag! We recommend a mold inspection for all of our clients; it’s still always your choice though.

Please don’t hesitate to contact the Jim Soda Group with any questions you have regarding purchasing a short sale of Foreclosure home! 

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