Buying Acreage Foreclosures Around Salem Oregon

 

Think buying bank owned acreage property is like buying a foreclosure in town?  Think again.   Most acreage homes around Salem Oregon have a well and septic.  Since these systems are usually underground, it is difficult to know if they are functioning properly without thorough investigation.  You also have to be concerned with property boundaries, making a survey a very good idea to protect yourself from neighboring boundary disputes.  I usually recommend that a buyer talks to the local county building department to do some investigating on their own.  Who knows what is on file at the county!  I would rather find out before buying a big problem.

To read more about buying acreage foreclosures around Salem Oregon check out Salem Oregon Acreage Foreclosures.

Riding my horse at Elijah Bristow State Park 1 hour from Salem, Oregon

 

Catherine Ulrey, Broker, CRS

Equestrian Real Estate Specialist

 

Keller Williams Realty Portland Premiere

503-999-4497 Direct

Horse Property for Sale in Oregon

info@homeswithhorsesense.com 

Serving Salem Since 1997

 

 

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5 Comments on Buying Acreage Foreclosures Around Salem Oregon

OCT
21
2010
1 Featured Post

...wow - the buyer has a huge responsibility, and surveying a septic field is a big expense!  Thanks for the heads-up...  I sell acreages here in South Delta - but never have had a foreclosed issue to deal with.  Good to know!  Thanks, Catherine! - Wendy Betts - Vancouver BC
7:54pm • #1
OCT
22
2010
624,022 Points 43 Featured Posts Outside Blog Called Shot Master

Catherine, here in Arizona, many of the wells weren't dug deep enough and the water now has to be hauled - a HUGE expense.  The cost of the inspection by a certified well and septic expert, especially in a foreclosure, is worth the inspection cost!!!
2:25am • #2
OCT
23
2010
227,635 Points 6 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Yes, the buyer needs "extra" caution when buying acreage foreclosures.  There just isn't any insight that the bank can provide regarding well history, property lines, septic locations, etc.  

Juli-Yes, there have been a couple of homes around here that do not produce enough water.  They haul it in too.  I also know of one house that has an elaborate rain filter system to supply the domestic water.
1:38am • #3
SEP
19
2011
330,867 Points

yes they look so nice but Foreclosures are such tough on to stomach.
12:33am • #4
DEC
10
2011
330,867 Points
 

yes they look so nice but Foreclosures are such tough on to stomach.
7:28pm • #5

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