Buyers Do Your Home Inspections
Posted by Paul Caparas on Wednesday, October 12th, 2011 at 12:51pm.Home inspections are very important these days. I am not saying they weren't important before but with Short Sales and Bank Owned homes on the market, who knows what happened in those homes. Here's a quick explanation.
Short Sales - Typically when a home owner plans on Short Selling their home, the owner usually stops doing the common home maintenance because it wouldn't make sense for the owner to put more money into a house that they will lose.
Bank Owned Homes - Banks are exempt from some disclosures because they don't know the condition history of the home. Also some home owners might damage the home before leaving.
When you get into Escrow, the buyer usually has 17 days to do their inspections. Some Banks will only give you 7 or 10 days. Of course the amount of days depends what was negotiated in the contract. Either way, be prepared to get the home inspections.
If you have any questions, please let me know.
Quick Links: Search San Diego Homes For Sale - Search San Diego Bank Owned Homes For Sale
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Weichert Realtors Elite
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Share2 Responses to "Buyers Do Your Home Inspections"
Good tip to your readers sir! I have to agree some of us might forget some of these details. A home is a good investment for the future so make sure we do our research especially with the recession. Thank you for sharing this knowledge. Great blog.
Posted on Wednesday, February 29th, 2012 at 5:52pm.
As a Colorado Broker I would agree, although I would change the "Also some home owners might damage the home before leaving." I our area most home that come to the market come with damage and/or deferred maintenance. You are doing a great job on your blog! Thanks for all of the area info!
Posted on Thursday, November 10th, 2011 at 9:46am.