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Bank Owned Homes- What you don’t know can hurt you!
Posted on July 17th, 2010 No commentsThe bottom line for buyers is that bank owned homes can be like peeling an onion. You don’t know how many layers of damage there are! Considering the lack of facts and disclosures associated with bank owned homes, it is imperative to procure the services of a good home inspector. Get an inspector who is ASHI certified, and one who will take pictures of suspected issues the home has. Since most bank owned homes are sold in “as is, where is condition,” if you are considering purchasing a bank owned home, in addition to having the house examined from head to toe, you will need to get several bids from licensed contractors for necessary repairs prior to buying the house. Remember the old saying, “Caveat emptor.” This rings true with bank owned homes. Let the buyer beware! The issues of this house will be your issues if you buy it!
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Don’t forget about the tax credit incentives for buyers!
Posted on February 7th, 2010 No commentsIf you are thinking of purchasing a Tucson home, the clock is ticking on both tax credits. Please do not hesitate to call Sarah Ley, should you have any questions about either. Speak with your tax professional to find out if you qualify for either credit.
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