Some experienced investors buy foreclosure properties cheaply without even having seen the property. However, most buyers shouldn't buy a property unless they have had it thoroughly inspected by qualified professionals. Inspections are a necessary part of the homebuying and selling process. Sellers should be leery of buyers who offer to purchase without an inspection contingency. A well-inspected property protects both the buyers and sellers from after-closing claims that can be time consuming and expensive to resolve. Many sellers have presale inspections done -- usually structural pest ("termite") and home inspections -- before they put their homes on the market. A question is when to have the inspections done: a reasonable time before the house goes on the market or a...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.