EFFECTIVE Property Searching -- # 4

Here is some of how we think an EFFECTIVE property search works. Further thoughts will follow in other postings.

2b. ‘Mechanicals' (roof, heating, etc/) are the ‘bones' of the building. Unless a listing says ‘rehabbed' or specifies what is new/newer, you should assume OLD mechanicals (it won't say "old roof," but if it says nothing, the roof is probably very old).

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Posted by Bill Bein on 07/03/2008 08:02 AM

Comments (4)

advice, buyers, chicago neighborhoods, demographics, investment, lenders, listings, property search

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4 Comments on EFFECTIVE Property Searching -- # 4

Always w/ a good home inspection it should reveal this. .good insight

07/03/2008 08:06 AM

by Fernando Herboso Real Estate Maryland, DC and Virginia (Choice Real Estate )

Hi Bill

You might be right, but I have learned not to assume anything in this business.

there is positive and negative surprises.

Anne Hensel

Real Estate Broker ABR, E-PRO,

C-CREC, TRC, ASR, RECS, AHS

St. Petersburg Florida

www.AnneHensel.com

07/03/2008 08:06 AM

by Anne Hensel Real Estate Professional buy or sell St. Pete

I agree with Ann - a home inspection relieves us of the risk of assuming anything.

07/03/2008 08:45 AM

by Brian Schulman - Your Lancaster County, PA Real Estate Professional (Coldwell Banker Select Professionals)

Thanks all for responding.

The assumptions are just for the initial search period; having the inspection once you've found an interesting property is obviously also needed. :-)

07/05/2008 10:17 AM

by Bill Bein (Chicagoland2to4Flats.info)

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