A foreclosed or short sale home is a lot like a gag gift. It may look beautiful on the outside and you may think of all of the possibilites you would enjoy once it’s opened. However, much like a gag gift, these homes aren’t likely to be hidden treasures.
All bank or financial institution owned homes are sold as-is, there is no warranty protection. They are not required to disclose if there are any problems and in all liklihood don’t even know. Any inspection you would have done would be at your own expense and if the bank doesn’t take your offer you are out that money. Once you have made an offer you will find yourself waiting months to hear an answer on your bid. Finally, fixtures and appliances that should be included may be damaged or missing. As attractive as the packaging of the home was it ends up being trash and not treasure.
Buying new has many positives. New homes contain the best materials, energy saving appliances and fixtures, new home warranty and the peace of mind knowing your new home is throughly inspected. Call Scott Breuer Homes today to find out more information about building a new home.