Buying an “As Is” Property
Should you get a home inspection when buying an “As Is” property? My answer would be a resounding YES.
When buying an “As Is” home, you might go in expecting to do some repairs and renovations that might cost you $10K.
What if that number ended up being $20K or $30K?
Would you still buy that house or negotiate a better deal?
The seller is required to provide you with a Seller’s Property Disclosure Statement (SPDS (pronounced SPUDS)), which details their knowledge of issues with the home. I have seen SPDS where in people have lived in the home for more than twenty years and they indicate they’ve never had any issues. Those people should buy a lottery ticket.
A home inspection can help you uncover unexpected things that could cost you more money than you anticipated.
Read more on buying an “as is” property at this NACHI link.
Call Tanque Verde Home Inspections at 520-462-8844 or follow this link to schedule your home inspection.