Do I need a home inspection on a foreclosure?
First off, you need a home inspection regardless of what you buy…forclosure, regular sale, new construction, whatever.
For three or four hundred bucks a home inspection could save you thousands and keep you from a real nightmare experience with a property.
Back in the day when foreclosures were uncommon, it was common for the former owners to trash the house. And as an agent one of the first things you wanted to check was the plumbing (hard to do with the water shut off) to make sure the former owner didn’t pour “Quick-Crete” fast drying concrete powder down the toilet. So yeah, you need an inspection.
For a list of foreclosure inspection booby traps you can check out a blog post by Roger Weinke-Bardinal, a Realtor from Cape Coral. Apparently in one of his foreclosures the former owner rewired the fuse box and put nails down the garbage disposal. Nightmare stuff.