Questions to Ask Before Buying a Gilbert Foreclosure

4 Simple Questions to Ask Before Buying Your Gilbert Foreclosure.

Gilbert Foreclosures for Sale AZ Gilbert Foreclosed Homes

Gilbert Foreclosures can be huge deals but, buyers should be careful that they don’t get in too deep purchasing a home that may need more fixing up than they planned for.

Foreclosures are typically sold as-is meaning as you see it. When a property owner wants to sell “as-is” it means that the owner does not want to make any repairs or give credits towards repairs. These homes usually have been vacant for quite some time and have a lot of maintenance issues.

I think Gilbert buyers should consider the these questions:

1. How many days has the home been vacant? Be careful of a foreclosed home that has been empty for more than a few weeks or the utilities have been turned off for any extended amount of time. Home can deteriorate quickly when power and running water have been shut off for a while.

2. When was the house built? Older homes may have a bad or soon to be bad plumbing system or failing electrical wiring.

3. What is the general appearance? Are there smashed windows, missing roof tiles, or damaged siding? Trust your gut. If the home looks bad from the outside, it is more than likely worse than you think.

4. What is missing in or around the house? Former owners may have remove or sold anything of value from the home, examples: light fixtures, tile, built-in appliances, water heaters, AC units, and Pool filters.

I suggest all buyers to get a home inspector to look over any property especially Gilbert Foreclosures, even if it is sold as-is, so that home buyer knows of any problems and how much it will cost to repair before they purchase the home. For a professional and reliable home inspector I highly recommend Orlin Egbert with Home Advantage Home Inspections.

Purchasing a Gilbert bank-owned home can provide you the opportunity to enter the Gilbert Real Estate market at a lower price range and you can find fantastic deals with foreclosures, especially if they are not in too bad of shape. But, remember, these homes are discounted for a reason.

Take a look at all these Gilbert Foreclosures and Short Sale Homes for sale:
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