Home Buying a Bank HUD or Real Estate Auction Home Listings Vermont
By Dale Baker
Blog Editor
Published Saturday August Twenty Third 2014
Blog Editor
Published Saturday August Twenty Third 2014
Will folks I'm going to start out this Home Buying information blog post with homes listings that you can place bids on, which are being Auction by an Online Real Estate Auction Company.
Folks when buying a home which is being auction sure can end up causing you real heartache, a specially going through one of the many Online Auction Companies even if you are working with a Real Estate Broker or Agent. A good amount of the the time a Online Real Estate Auction Companies will not allow you to have a properly done Home Inspection of the home property listing which you have decided you want to bid on to buy.
You'll usually find that the Auction Company has had the water turned off and usually will not allow the water to be turn on for the Inspection. Then you are not going to actually know for sure if the Plumbing System of the listing is okay and that the home has good water pressure.
Home Buying a Bank HUD or Real Estate Auction Home Listings Vermont, now it the home listing has a Well System which provides the home with water which you are wanting to buy with water, then you sure are totally out of luck with testing and knowing if all the components of the Well Pump are in full working order or not, plus if there is good water pressure being provided. Each of the before items sure should be important to you when buying a home.
Folks you'll also find it much harder to learn if the Septic System is in good working order or not also, if the listing does have a private Septic System for the home on the property. Folks the thing is both Well Systems and Septic Systems are very costly to fix or replace of the home systems, so you sure do want to be sure they are working properly.
Here are yet two things for you to think about before making the decision to buy an Online Real Estate Auction Company Home Listing, most Online Real Estate Auction Companies are actually located in a Foreign Country. You might ask why is that, will folks its in-order they don't have to follow the Real Estate Laws or Real Estate Rules of the US, even though they have offices located here and the fact that some of them even belong to the National Association of Realtors and folks that organization will not lift a hand to help you.
Usually the Real Estate contract of an Online Real Estate Auction Company (Purchase and Sale Agreement) has 60 or more pages to it, which is way more than the average Real Estate Offer to buy contracts which are used by US Real Estate Companies.
Home Buying a Bank HUD or Real Estate Auction Home Listings Vermont, folks there are also extra fees which you'll end-up paying on top of what your winning bid for the home, which will come about in the contract to buy. Plus there is the contract is full of double talk which puts everything on you.
For an example, if for some reason you can not close on the closing date which was pick, the company has it set-up so you'll have to pay them a very high fee, which is usually in the amount of $1,000.00 per day until you are actually sitting at the closing table.
The earnest money which is usually in the amount of $1,000.00 which goes with the contract of a usual Real Estate Home Sale, but when it comes to earnest money to an Online Real Estate Auction Company will usually be in the amount of $3,000.00 or more sometimes.
But here yet is even another kicker to go along with the above, if but actually when an Online Real Estate Auction Company wants an extension or wants many extensions they have it set-up in the contract so they don't have to pay you, but if you are not willing to let them have an extension at anytime, then you don't get the home and the company will usually also keep your earnest money deposit.
Folks let me assure you I'm not at all talking out of my back side when it comes to the subject of buying an Online Real Estate Auction Company home listing.
Folks my lady and I actually went through the above on a home listing of an Online Real Estate Auction Company, and it also turned out the company actually did not even have the actual legal right to list and sale the home and property which it sat on. Folks the company was actually one of the big name Online Real Estate Companies out there.
Okay folks now onto the subject of HUD and Bank owned Home Property Listings. Soon before you know it, its going to be Winter time once again! I know August is not over yet, but folks each Month of this year of 2014 sure have been going by mighty fast!
Home Buying a Bank HUD or Real Estate Auction Home Listings Vermont, folks both HUD and Banks have the home properties which they own winterized so they don't freeze up and end-up costing them a lot of money to fix the components of the home listing and the ones which have not been listed as of yet.
Unlike a good many of the big name Online Real Estate Auction Companies, typically both HUD and Banks will usually let you have the utilities restored in order for you to be able to have complete Inspection of the home listing, but both HUD and Banks will stipulate that you are responsible for having the home properly De-Winterized and Re-Winterized at your own expense.
There are a few Home Inspectors which offer Home Buyers what is called De-Winterization and Re-Winterization Service, which will allow you to actually have all parts of the home's Plumbing System, Septic System inspection performed of the prospective home property.
Home Property De-Winterization, a pressure test should be performed in-order to ensure that water is able to be safely introduced back into the home's plumbing system of the property. If the plumbing system is able to hold air pressure, the valves should be turned to open at each of the Sinks, Toilets and at the Hot Water Heater, then and only then the water can be safely turned on in-order to go into the system.
Home Property Re-Winterization, after your Home Inspection has been completed, then a thorough and complete draining of the Plumbing and Heating System of the home listing will need to be performed by the Home Inspector which you picked to work with to do the Inspection. Folks once that the Inspection is fully completed then a Non-toxic Environmentally Safe Antifreeze will need to be added to all components of the home's Plumbing System performed, and if the home listing is heated with water the Heating System sure will also need to have Re-Winterization performed.
All Plumbing Traps and Fixtures, plus all Sinks and Toilets will also need to be taped and have a dated tag indicating Winterization has been performed in the home of the property. The reason Re-Winterization needs to be done, is to ensure the home's Plumbing Supply Lines and Fixtures will not end-up being damaged by water freezing of them, and so you don't end-up being held responsible for it happening.
PS. the above information is actually good for Home Buyer all across the Country!
Baker Home and Commercial Properties Inspections is not associated with and is not endorsed by any Vermont Real Estate Brokers or Agents and does not have an official or unofficial affiliation with any Vermont Real Estate Brokers or Agents.
Folks this blog posting has been published to be a helpful public service in-order for those folks which live in the many different mighty fine communities that help to make up the County of Sullivan, plus the other communities of both the State of New Hampshire and the State of Vermont.
Its also been published for those folks which will be relocating or have already relocated to the area or other parts of New Hampshire or Vermont to be able to be in the know of what they can enjoy around this area and both States. Plus for folks which would just enjoy knowing about the many different kinds of events and enjoy learning from the many other kinds of information posts and upcoming postings.
Happiness sure is Homemade
Have a good one
Dale in New Hampshire
Happiness sure is Homemade
Have a good one
Dale in New Hampshire
Home Buying a Bank HUD or Real Estate Home Listings Vermont
Folks I sure do want to say Thank you mighty kindly for stopping by to visit, read and leaving a comment on this here little ole blog post here at my Blogging Homestead!
Local information of the State of New Hampshire and the State of Vermont, which has been posted by Baker Energy Audits and Commercial Properties Inspections.This blog post is number 143-which has been published on this day of Saturday the Twenty Third day of August 2014, posted at 10:28 A.M. Eastern Time in-order to help folks like yourself.
With in my little ole New Hampshire blogging homestead, folks like yourself enjoy finding mighty helpful tips, events taking place in both the States of New Hampshire and Vermont, plus Relocation Information for both the State of New Hampshire and the State of Vermont. When you are looking for a Energy Audit or Commercial Property Inspection Company. Then you'll want to take the time to consider Baker Energy Audits and Commercial Properties Inspections, which is the Company that cares about folks and their family!
Disclaimer: The information herein may come from various sources, deemed reliable, it could very well change without any kind of notice. Baker Home Energy Audits and Commercial Properties Inspections does not guarantee or is not in any way responsible for the accuracy of the information in this blog and the information provided is without any kind of warranties, either express or implied. This here blog is not at all intended to offer folks any kind of Legal, Tax or other such advice.The information on this blog represents the opinions and ideas of the author; comments left by others may not express the views of the author. Copyright 2014 By Baker Home Energy Audits and Commercial Properties Inspections-all rights reserved.
Copyright photos, Graphics and Videos by Baker Home Energy Audits and Commercial Properties Inspections, all rights reserved and may not be reproduced without the written permission of Baker Home Energy Audits and Commercial Properties Inspections. If Permission is granted, you will need to link back to my blog providing your site is appropriate for all ages. Property and Copyright 1980-2014 by Baker Home Energy Audits and Commercial Properties Inspections. Thank you mighty kindly for respecting my creative expression and not plagiarizing.
Folks the below four Website links have each been set to open into a new window for your convenience, because I know your time is very valuable.
In order to leave a comment, click on the Red Colored Blog Post Title. It will open the post, and you will find the comment box at the bottom of the blog post.
If you have click on a link which I have provided you to follow to my blog post, you do not need to do the above.
Wow, extensive content... online auctions and auctions in general.. to many novices want to get involved before they fully understand it. Your post helps for certain, especially in your area but again... people need to READ. Great post, Dale.
ReplyDeleteHowdy and afternoon Dave
ReplyDeleteDave, Thank you mighty kindly for stopping by to visit and read this post of mine to be helpful to Home Buyers. Thank you also for living such a mighty fine comment.
Happiness sure is Homemade
Have a good one
Dale in New Hampshire
Dale this sounds like a bad nightmare with issues everywhere you turn. NAR should stop these companies from doing business in the US.
ReplyDelete