NY state Associate Broker
Keller Williams Landmark II
you have rec'd some good answers so far!
You purchase offer (contract) should spell out the answer. Most contracts have contingencies built in for the home inspection and/or the financing. Most lenders, esp FHA or VA may not lend on certain deficiencies.
Re-read your contract offer and see what is says. If you are still not sure, consult with your lender, real estate agent, or whomever helped you write the purchase contract offer.
Best wishes and Happy Holidays...Jim
Please call if you need some good Building Inspectors.
William Pitt Sotheby's International Realty
Hope this helps
INDEPENDENT HOME INSPECTIONS
You are working with the Listing Agent,
You are working with your own Agent, or,
You are trying to work by yourself, without an Agent.
You sound like you are trying to do this yourself, becasue this is such a BASIC question....
My answer to your Q is basic too;
Why are you petrified of doing some work on the house?
Almost all Foreclosures need some work; one of the reasons why the cost is so low.
Usually the work needed is cosmetic, but sometimes they need a roof or a HVAC unit.
Your Agent can direct you to Contractors and Handymen.
If you have a problem with this, you probably shouldn't have tried to do this!
Good luck and may God bless
The contract should stipulate what your options are regarding the inspection process.
And one of your options, as always, is to consult with an attorney.