Foreclosure in Acworth>Question Details

Olivia Withe…, Home Buyer in Powder Springs, GA

how can I found out if a home has a serious problem before going through the hassel of trying to purchase a pre foreclosurer home?

Asked by Olivia Witherow, Powder Springs, GA Sun Mar 11, 2012

need all the help I can get, to be well informed of problems before they happen

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John J. Reinhardt’s answer
If you go out and hire a Home Inspector be expecting to pay bewteen $350 - $500 for the inspection. This amount will depend on size of house etc.

John J. Reinhardt
REALTOR
Real Estate Consultant
O 770.475.1130 Ext. 6806
Web Reference: http://www.InFrontHomes.com
0 votes Thank Flag Link Mon Mar 12, 2012
Hi Olivia, first you should approach the situation with a positive attitude and really love the house enough to endure whatever may come up along the way. Buying a home is a process and with a pre-foreclosure it will probably be a very long process so if you're not even under contract to buy it yet and you're referring to it as a hassle, then you may want to consider purchasing a different home.
0 votes Thank Flag Link Sun Mar 11, 2012
Hire a qualified inspector because they will be the ones to provide an objective opinion of the actual condition of the home. They will let you know about any high cost replacement components or safety hazards.
0 votes Thank Flag Link Sun Mar 11, 2012
Having a home inspection completed is the only real way to know of any issues. You will want to have one completed as soon as you have an accepted sales contract. Its also important to remember that a home inspector cannot discover every single issue though.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
Web Reference: http://www.rodneymason.com
0 votes Thank Flag Link Sun Mar 11, 2012
Hire a Real Estate Sales professional . The "right " real estate agent will help avoid any hassels
0 votes Thank Flag Link Sun Mar 11, 2012
get an experienced agent and walk the home with them and even consider bringing along a contractor or inspector. You might pay an inspector a fee for an "eyes only" walk around, typically they can spot smoke and it there's smoke there's fire.

Hank
0 votes Thank Flag Link Sun Mar 11, 2012
you need to hire an agent to represent you in any purchase. your agent will answer all your questions and guide you through the process and keep you from making mistakes. having a buyer's agent is free in almost all cases. going it alone is a recipe for disaster and hassel as you stated you are trying to avoid.
0 votes Thank Flag Link Sun Mar 11, 2012
Hi Olivia,

It is normal to allow an inspection period after the offer is made. If anything comes up during the inspection you can ask for repairs, price reduction, or just walk away. Typically the first 7-10 days after your offer is accepted is completely an option period. You can walk away for any reason with no risk to you.

I live in Powder Springs and represent buyers here and nearby. Feel free to let me know how I can help.
0 votes Thank Flag Link Sun Mar 11, 2012
Or you could make an offer and do a walk through during your due diligence period. If you find something you don't like, you can always terminate the deal and get you earnest money back provided you are in you within that time frame.
0 votes Thank Flag Link Sun Mar 11, 2012
Ask the seller for permission to conduct a pre-offer inspection.

Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
0 votes Thank Flag Link Sun Mar 11, 2012
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