Are you thinking about buying a foreclosure property in Springfield MO? Make sure to get a property inspection!
Foreclosures are sold "as-is" by the lender and do not usually disclose issues with the properties like a normal real estate transaction because they have not lived in the home and do not have firsthand knowledge. Although it is sold "as is", it is important that you know the extent of defects and repair costs. A thorough inspection of the property will not only identify material defects but will also help you anticipate potentially thousands of dollars in unexpected repairs or replacement of components.
Issues commonly found with foreclosures:
- Termites
- Damage or removal of plumbing components
- Damage or removal of pool mechanical equipment
- Damage to AC condensing unit and/or removal of components
- Damage to appliances
- Faulty electrical systems and components
- HVAC system problems
- Water Penetration and Damage issues
- Interior structural damage
- Roof damage not immediately evident
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