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Lisa Watts' Blog

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Buying AS IS property


 

Q.  What do I need to know in general,, about buying “As Is” property?

after real estate photo furnace damaged foreclosure vandalism Phoenix Arizona homeA.  An "As Is" property could be a foreclosed property, part of an estate or a house where the owner can't afford to make repairs.

Your first step is to work with a good real estate agent. The agent can set up a home inspection, which is particularly important with an "As Is." You need to know if the place just needs carpet and paint or if mechanical systems like heating or plumbing need to be replaced. The roof’s condition is also a factor. 

vandalized damaged ruined electric panel box wires safety issue hazard Phoenix Arizona homeArrange to be present when the home inspection is made so you can talk with the inspector. Make sure the utilities are on for the inspection. 

If you’re still interested after the inspection results, it's time to make an offer unless you are under contract and in your due dilligence period.  In which case you would still be able to safely terminate within that designated period.  


Because a defect could be found after the inspection and before closing. Be cautious in each step of the buying process, and you could get a valuable property for a bargain price. 

If you have any questions, or need capable and caring representation, p

after real estate photo furnace damaged foreclosure vandalism Phoenix Arizona homeA.  An "As Is" property could be a foreclosed property, part of an estate or a house where the owner can't afford to make repairs.

Your first step is to work with a good real estate agent. The agent can set up a home inspection, which is particularly important with an "As Is." You need to know if the place just needs carpet and paint or if mechanical systems like heating or plumbing need to be replaced. The roof’s condition is also a factor. 

vandalized damaged ruined electric panel box wires safety issue hazard Phoenix Arizona homeArrange to be present when the home inspection is made so you can talk with the inspector. Make sure the utilities are on for the inspection. 

If you’re still interested after the inspection results, it's time to make an offer unless you are under contract and in your due dilligence period.  In which case you would still be able to safely terminate within that designated period.  


Because a defect could be found after the inspection and before closing. Be cautious in each step of the buying process, and you could get a valuable property for a bargain price. 

If you have any questions, or need capable and caring representation, p

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