Top Mistake People Make When Buying a Foreclosure.wmv

http://www.homeinspectioncarolina.com Buyer beware of this pitfall when buying a foreclosure home. When a person buys a normal home, a home inspection is performed and repairs are made buy the seller. Keep in mind that home inspectors can not tear open walls and and inspection are only visual. The point is that there can be hidden damage behind the walls or behind band sills that concealed. Herein lies the problem. The buyer buys the house and the contractor gets into the repairs and finds out the repairs are more extensive than first appeared which translates to more money. The buyer does not have recourse on the bank or the home inspector because there was no way they could have known about these concealed damages. Another problem is that the contractor could have purposely underbid the job knowing it would cost more. The contractor knows you will pay this because once your house is in pieces you pay to put it back together. Watch this video to see what to do to avoid this problem. For more information on foreclosures and home inspections go to http://www.askthecharlotteinspector.com

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[pjfitzinc]

Exceptionally well presented! Home buyers should be aware of the probable disadvantages that foreclosure-buying involves.

[jdwat70]

Incredible Job! Can't wait for the next video.

[inspectdude]

Great eye opening video, Especially for the first time buyer and the buyer that is going to hire out the work.

[bloodhoundhi]

Great video! There was a lot of good information that people don't realize when they're purchasing a home and what repairs can cost.