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:
- 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
About The Authors: Betty Knowles is a full-time REALTOR® with Coldwell Banker Vanguard REALTORS® in Springfield, MO and proudly serves on the board of the Greater Springfield Board of REALTORS®. She also served as President of Women’s Council Of REALTORS® in Southwest Missouri. Betty’s genuine passion is helping people buy and sell homes in Springfield, Ozark, Nixa, and surrounding communities.
John Knowles is likewise a full-time REALTOR® with Coldwell Banker Vanguard and a member of the Greater Springfield Board of REALTORS®. A self-proclaimed computer geek, John is talented at developing real estate websites, videos, photography, blogs, search engine optimization and other technical skills essential to marketing and selling real estate in Springfield MO.
Together this dynamic team makes up TeamKnowles REALTORS®, Spouses Selling Houses! They are dedicated to doing what it takes to sell your home in the greater Springfield real estate market, or help you purchase a home that fits your particular needs. Give TeamKnowles a call today; you’ll be glad you did!
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