Always Inspect a Property Before Purchasing

It's no surprise that buyers are looking for a bargain but now even more people are gaining interest in the growing foreclosure market. 55 percent of U.S. adults are at least somewhat likely to consider a foreclosed home when buying real estate.

However, many buyers are a bit SKEPTICAL of foreclosures because approximately 85 percent said they can't identify problems with the properties. Inspect before you buy is a good motto for any real estate transaction but even more so with a home that has been foreclosed and possibly sitting vacant for a long period of time.

The best thing you can do if you're considering a foreclosure is to have it inspected. Just make sure that the property is ready to be inspected or you could be doing yourself a huge disservice. "The one thing that I really suggest to buyers is that a lot of times they have me go in and inspect the foreclosure when it's still winterized which means that all the power is off, the gas has been turned off, and the water has been turned off. But there's just no real way to properly check the home to see if something has gone wrong without those things being on. Have everything turned on because that's when you might start seeing things that are wrong like leaks and electrical problems. You could see problems with the heater or the water heater, ovens or cook tops that use natural gas.

Seeing is believing and, with inspections, the only way to know for sure is to have everything operating in order to gain the most knowledge about what things will need repairing.

	Become a Fan on Facebook
	Do You Follow me on Twitter?

Andre Plessis

REALTOR® at Keller Williams® Realty
RCS-D^TM REALTOR® Real Estate Divorce Specialist

CA DRE License # 01856185

Keller Williams® Realty
340 N. Westlake Blvd. Suite 100
Westlake Village, CA 91362

Office: (818) 341-2972

Founder of The Wealth Creation Team

Office: (818) 341-2972
Toll-Free: (877) 277-5937 or
Toll-Free: (877) APPLYFREE

Search Real Estate Like an Agent

Real Estate Advisor & REALTOR®
Certified Divorce Planner
Financial Educator

-------------------

The Best Person To Watch Over Your real Estate & Mortgage Planning Needs!

-------------------

“Those who understand interest, earn it. Those who don’t, pay it”
- Albert Einstein

------------------

“Accumulating Assets is Not The Same as Paying Off Debt”

-------------------

“No One Ever Got Rich By
Saving Money”

----------------

The Wealth Creation Team Understands That a Key To Protecting Your Assets and Building Wealth is To Help Clients Manage Their Liabilities.

--------------------------

"There is a science of getting rich. It is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches. Once you learn and obey these laws, you will automatically become a member of that select group of people who live 'The Secret' and you will get rich with mathematical certainty."

- Wallace D. Wattles, author, The Science of Getting Rich

-------------------------------

California Residential & Commercial Real Estate & Mortgage Licensee

Equal Housing Lender

Search Real Estate Like an Agent: Visit: www.RealEstate-LosAngeles.net

"One of the keys to successful real estate investing has always been to purchase undervalued and distressed properties, as opposed to buying when it is overpriced."

This site was last updated 04/25/10