Big Rapids Real Estate

Everyone has seen on TV and in the papers where we should all be looking for repo’s. While at times they are a great deal, other times they can be a disaster waiting to happen. First thing we need to realize when dealing wiht a repo is the seller most often will not give you sellers disclosures. Reason being the seller (usually a bank) has never lived on the property so they can’t tell you what works and what does not. That being said we really need to look extra closely as you are pruchasing as is/where is. If the pipes are all split and we don’t notice there is no one going to reimberse us after the sale. My thoughts GET AN INSPECTION!!! While both you and your agent are looking for obvious flaws an inspector is more likely to find the small hidden defects. Keep also in mind though, most inspectors will only pay the cost of their inspection should something jump up and bite you. Most inspections are under $300 which isn’t too bad when you think about the risk. Next do your due dilegence. Check legal descriptions and taxes. A little legwork before hand might save you a bunch in the long run.