Are you planning to buy your own home in the not too distant future? Maybe you are currently looking at all your options, which nowadays are many. For example, perhaps you’ve seen properties listed “as is”. But, what should you expect with a property like this and is it a wise investment?
A property listed “as is” may seem like a good option if you are looking for a cheaper property. It is usually labelled this so that the owner is not responsible for any issues with the home after the sale. It can also mean that the owner does not want to do anything to fix up the property. As a potential buyer, what would this mean for you? The answer to this depends on what you are looking for. For example, if it is in your desired location and is a price you are comfortable with, then it may be a good option, however, it is very important that you take on the property knowing all you can about its condition. So, how can you do this?
While some issues with the home may be very noticeable, other problems may be less apparent and may be very expensive to fix. The best way to find out the homes true condition is by having a thorough home inspection performed on it. Make sure you choose an InterNACHI certified home inspector who will give you a detailed and honest report. Some areas will require that the homeowner offer a written disclosure which describes the homes condition. This is not always trustworthy, though, as sometimes vital details are left out.
So, although the home inspection may cost you a little extra, in a property listed “as is” it could save you thousands.
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