So why have an inspection? Simple. Know what you’re getting into.
There are a lot of foreclosed homes out there. Many of these properties can be gotten for a discount. Most are sold “as-is.” The owner (the bank) won’t fix anything found in an inspection.
First Choice Inspectors, LLC provides property and house inspections in Chicago, Illinois and its surrounding areas, including Hoffman Estates. The company helps buyers of foreclosed homes know what they’re getting into before purchasing an as-is property by identifying defects that may not be obvious to the untrained eye. Its mission is to perform inspections fairly, honestly, and objectively.
Homes and condos need you to turn on the faucets, flush the toilets and run the water heater on a regular basis. They need the windows to be opened from time to time to get the air circulated throughout the house. Most importantly, they need someone to be there if something has gone wrong. If the foreclosure process is complete and the property is bank owned (REO) the home will be vacant and usually boarded up with no ongoing maintenance.
Things deteriorate and deterioration is an ongoing process; it does not stop just because a property is vacant. To make matters worse, the previous owners knew they were going into foreclosure and probably did not take as good of care as their house as they should have. Some people faced with foreclosure actually do damage to the property before they are forced to leave.
While the property you want to buy may not look as bad as the one in the picture, it may have defects that are not obvious to the untrained eye that can cost you more than the “savings” you are getting.
Good house inspectors can find the defects with the house and help you make an informed buying decision. Even if it is sold “as-is” you have the right to know if the foreclosure you are buying is a good deal or a money pit.
Remember a few hundred dollars for foresight is worth way more than thousands after the fact.
First Choice Inspectors, LLC offers the best property inspection and house inspections in Chicago, Illinois and its surrounding areas including Hoffman Estates. Click here to request a quote or book your inspection.
Foreclosed homes can often be purchased at a discount, but most are sold as-is, and the bank won’t fix anything found in an inspection. Bank-owned (REO) properties are usually vacant, often boarded up, and receive no ongoing maintenance, so deterioration continues while they sit empty. A First Choice Inspectors foreclosure inspection identifies defects that may not be obvious to the untrained eye, helping buyers in Hoffman Estates and the Chicago area decide whether a foreclosure is a good deal.
Even when a foreclosure is sold as-is, buyers have the right to know what condition the property is in.
What Sets Us Apart:
- Inspectors who find defects that are not obvious to the untrained eye
- Attention to the deterioration common in vacant, unmaintained bank-owned homes
- Thermography on every inspection to detect hidden moisture and insulation gaps
- Detailed digital HomeGauge reports with photos, explanations, and recommended next steps
- Findings that help you make an informed buying decision before you commit
How a Foreclosure Inspection Helps You Buy Smart
1. Request a Quote or Book: Request a quote or book your foreclosure inspection online, or call 773-429-9711.
2. Property Inspection: Your inspector evaluates the home for defects, including deterioration that can occur when a property sits vacant without maintenance.
3. Detailed Report: You receive a digital HomeGauge report with photos, explanations of any issues found, and recommended next steps.
4. Make an Informed Decision: Use the findings to decide whether the foreclosure is a good deal or a money pit.
A few hundred dollars for foresight is worth far more than thousands after the fact.
Q: Why should I inspect a foreclosure that is sold as-is?
A: Even if a foreclosure is sold as-is, you have the right to know whether it is a good deal or a money pit. A foreclosed home may have defects that are not obvious to the untrained eye and can cost more than the savings on the purchase price.
Q: Will the bank repair problems found during a foreclosure inspection?
A: Usually not. Most foreclosed homes are sold as-is, and the owner (the bank) won’t fix anything found in an inspection.
Q: What condition are bank-owned (REO) homes usually in?
A: Once the foreclosure process is complete and a property is bank-owned (REO), the home is typically vacant, usually boarded up, and receives no ongoing maintenance. Without regular use of the plumbing, water heater, and ventilation, deterioration continues.
Q: Can a foreclosed home have damage from the previous owners?
A: Yes. Previous owners who knew they were facing foreclosure may not have maintained the home as well as they should have, and some cause damage to the property before they are forced to leave.
Q: Does First Choice Inspectors inspect foreclosures in Hoffman Estates, IL?
A: Yes. First Choice Inspectors provides property and house inspections in Chicago and its surrounding areas, including Hoffman Estates. Request a quote online or call 773-429-9711.
