HOME INSPECTOR DANBURY CT - HOME INSPECTIONS YOU CAN COUNT ON - SERVICING RIDGEFIELD, NEWTOWN, BROOKFIELD, NEW MILFORD, REDDING, WILTON, WESTON, NEW FAIRFIELD, BETHEL, EASTON, SOUTHBURY - BEST HOME INSPECTORS NEAR ME
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    • Danbury Condo Inspector - Allied Home Inspections LLC
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    • Electrical Conductor Types
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    • Internships for Home Inspectors in Connecticut
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    • Newtown Home Inspector - Allied Home Inspections LLC
    • New Milford Home Inspector - Allied Home Inspections LLC
    • Oil Burners
    • Plumbing Terms
    • Ridgefield Home Inspector - Allied Home Inspections LLC
    • Roofing
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    • Tips To Crush Your Home Inspection
    • Typical Inspection
    • Underground Oil Tanks
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    • Water Softeners
    • Water Softener Backwash
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FORECLOSURE INSPECTIONS

So, you want to buy a house cheap, and you look to the foreclosure market. Considering the over-abundance of these properties and just how little many of them are going for, it’s tempting to jump on the bandwagon and buy up. And it may pay off as a long-term investment.  But, like any other major purchase, you should know as much as you can about a property before you buy it, which is why home inspections, performed by certified InterNACHI inspectors, are necessary.
 
Unfortunately, many real estate agents, who don’t like bargaining with banks, are advising clients that home inspections are of no value as a bargaining tool, since banks don’t negotiate on “as is” properties. As an added disincentive, banks selling properties “as is” have no legal responsibility for any lurking defects. While the agent's advice to forgo an inspection as a means to negotiate on the price may be logical, it is startlingly counter-intuitive, and possibly even negligent. Would you buy a car without knowing whether it has a transmission?  The same premise holds true for a house, regardless of whether you intend to live in it, or fix it and flip it. The Realtor may be trying to salvage a deal that could possibly be scrapped if an inspector uncovers damage that the bank is unwilling to pay for, and you, as the buyer, have to realize that the agent's advice is not in your best interest. In this case, they’re putting you at risk in order to ensure they get their commission.
 
Any Realtor advising against an inspection on a foreclosure (or neglecting to recommend that one be performed) is ignoring the likelihood that, long before the previous owners stopped making mortgage payments, they deferred required maintenance tasks. Moisture intrusion leading to leaks and mold are just a few of the major problems commonly found by inspectors in foreclosed properties.  Tales abound of bizarre discoveries in abandoned properties, from wild boars to colossal bees nests. Former owners may loot their own properties, taking with them anything they can pry up or unscrew, and leave behind trash and junk that you have to pay for to have removed.
 
There are also stories of foreclosed properties that have been intentionally vandalized by their former owners in acts of retaliation against their banks. In one infamous case in early 2010, an Ohioan bulldozed his $250,000 home after the IRS placed liens on his carpet store, and then threatened to take his house. The damage done by the owner was apparent, but there are probably less extreme situations where the damage isn’t as obvious, making a home inspection of utmost priority.
 
You should always get a home inspection before buying a property, especially when you’re buying a bank-owned foreclosure.  In such cases, it may be impossible to find out how well the home was cared for, or whether major damage was done right before the past owners left the property. Ask the bank how much time you have after your initial offer to have an inspection performed, and schedule one immediately. If it goes well, you’ll enter into the deal with peace of mind and a better idea of what repairs you’ll have to deal with. That alone is worth the price of an inspection. If the inspection reveals a costly disaster, you can back out of the deal and save tens or even hundreds of thousands of dollars.

Looking for an independent Connecticut Home Inspector? Contact Allied Home Inspections LLC - "Inspected Once, Inspected Right!"  ​
Allied Home Inspections LLC
Bethel CT. 06801
Mon - Sat 8AM to 9PM
(203) 515-6622​
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Servicing Bethel, Bridgewater, Brookfield, Cheshire, Danbury, Easton, Fairfield, Hamden, Kent, Middlebury, Monroe, New Fairfield,  New Milford, Newtown, Norwalk, Oxford, Redding, Ridgefield, Roxbury, Seymour, Shelton, Sherman, Southbury, Stratford, Trumbull, Warren, Weston, Westport, and Wilton Connecticut
  • Home
  • Contact
  • About Me
  • Unbiased
  • References
  • Radon Testing
  • Water Testing
  • FAQ
  • Info and tips
    • Blog
    • 15 Tools Every Homeowner Should Own
    • 10 Ways To Save Energy
    • Abrasive Blasting for Mold Remediation
    • Acid Rain
    • Adjustable Steel Columns
    • Advantages of Solar Energy
    • Aging in Place
    • Aluminum Siding
    • Aluminum Wiring
    • Ants
    • Anti-Scald Valves
    • Arc-Fault Circuit Interrupters (AFCIs)
    • Asbestos
    • Asbestos in Vermiculite
    • Attic Pull-Down Ladders
    • Average Home Inspection Cost
    • Backdrafting
    • Backflow Prevention
    • Barbeque Safety
    • Basement Waterproofing
    • Bathroom Vents
    • Bats
    • Bed Bugs
    • Bethel Home Inspector - Allied Home Inspections LLC
    • Biological Pollutants
    • Brookfield Home Inspector - Allied Home Inspections LLC
    • Bug Zappers
    • Building a Home
    • Building Cavities Used as Supply or Return Ducts
    • Buying a Foreclosure
    • Carbon Monoxide
    • Carpeted Bathrooms
    • Central Humidifiers
    • Central Vacuum
    • Central Air-Conditioning Systems
    • Child-Proofing
    • Chinese Drywall
    • Clothing Moths
    • Collar Ties
    • Condensation in Double-Paned Windows
    • Crumbling Foundations in CT
    • Danbury Condo Inspector - Allied Home Inspections LLC
    • Danbury Home Inspector - Allied Home Inspections LLC
    • Electrical Conductor Types
    • Electric Heat and Condensation
    • Electrical Panels
    • EMFs in the Home
    • Energy Conservation
    • Energy-Efficient Houses
    • Engineered Wood Flooring
    • Exterior Design Features
    • Factory-Built Fireplaces
    • Fairfield Home Inspector - Allied Home Inspections LLC
    • FHA Loan Basics
    • Fire Safety
    • Foreclosures
    • Foreclosure Inspections
    • Formaldehyde
    • Foundation Insulation
    • Galvanic Corrosion
    • Galvanized Pipe
    • Garages
    • Garage Doors and Openers
    • Garage Fire Containment
    • GFCI's
    • Gutters
    • Home Inspection: An Overview
    • How To Choose a Home Inspector
    • Ice Dams
    • Infrared Inspections
    • Insulation
    • Internships for Home Inspectors in Connecticut
    • Knob and Tube
    • Links and Resources
    • Manufactured Homes
    • Newtown Home Inspector - Allied Home Inspections LLC
    • New Milford Home Inspector - Allied Home Inspections LLC
    • Oil Burners
    • Plumbing Terms
    • Ridgefield Home Inspector - Allied Home Inspections LLC
    • Roofing
    • Scope of a Home Inspection
    • Sealing / insulating
    • Septic
    • Siding and Insects
    • Stamford Water Contamination
    • Termites
    • Tips For Home Sellers
    • Tips On Finding A Home Inspector
    • Tips To Crush Your Home Inspection
    • Typical Inspection
    • Underground Oil Tanks
    • Vinyl Siding
    • Water Quality
    • Water Softeners
    • Water Softener Backwash
    • Water Wells