Right now, foreclosures in the Des Moines metro area are selling at a higher rate than traditional homes. Foreclosures can offer big bargains, but buyers need to be careful.
Most foreclosures are sold as-is and may have been left vacant a long time. This could result in a lot of maintenance problems that could offset any deal.
Things to ask and consider:
1. How long has the home been vacant? Remember, things break down when the utilities have been shut off for a long time.
2. How old is the home? Think outdated plumbing and electrical wiring.
3. What is the condition of the exterior of the home? If it looks bad on the outside, it's probably worse on the inside.
4. Is there anything missing? Sometimes valuable items --heaters, fixtures, etc.--may have been removed.
It may also be a good idea to have a home inspector look at the property as well.
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