REO's & Home Inspections -VERY Important!

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920

 

We have all had our individual challenges with what looks good to the eye, and what is actually not.

ALL properties, regardless of title status or seller, are worthy of a solid home inspection. There is a standard inspection phrase in our purchase & sale agreements here in Florida, and I imagine they exist in almost all purchase & sale agreements. My most recent experience helped my buyers avoid a major bullet.

What did we find?

  •  Non-standard workmanship on the front porch, the unfinished rear addition, and the attached hot water heater shed.
  • Improper electrical throughout the entire home, requiring most likely a complete re-wiring of entire house.
  • Roof with 1-2 years left maximum, improper roofing supports in several places.
  • 3 separate foundations due to addtions, and several of them unstable.
  • Loose tiles in both baths, suggesting water damage behind walls
  • Improper plumbing throughout the entire home, requiring most likely a complete re-plumb of entire house.
  • Crumpled, damaged duct work, indicating inefficient HVAC operations.

Now, we all know how excited buyers can get with then think they have found "THE" house, it's our job to make sure they take the proper steps to confirm this is what they are purchasing.

Never skip the home inspection - this home didn't have utilities on, meaning a more-limited inspection, but we were still able to help the buyers decide this was not the house for them.

Posted by

Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

 

Comments (2)

Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

Carol....EXCELLENT advice.  It is so important to always have that home inspection - there are so many hidden issues.  No one wants to find out they bought a money pit!

May 04, 2011 02:35 AM
Diane M. Phillips Realtor 443-286-4365
Frankly Real Estate Inc. - Manchester, MD
Specializing in Carroll Co., MD

Carol ~ Inspecting a home before purchasing should be on every buyers must do list. Great information!

May 05, 2011 04:06 AM