Saturday, December 3, 2011

Petruccelli L.T.D of North America asks; What are the 5 things you can do to help avoid buying a money pit? (2a)

Petruccelli L.T.D of North America says;  2.  Read the Reports and Disclosures.  Attending your inspection is just the first step. Reading the inspectors’ reports is critical to avoiding a money pit – both the reports generated by your own inspectors, and any reports and disclosures provided to you by the seller. Things to watch for and investigate further in the sellers’ reports and disclosures include: 
  • repairs the seller completed themselves,
  • repeated repairs to the same home system,
  • water and leakage issues, and
  • any reports of non-functioning mechanical or other systems in the home.