The next step in successfully purchasing a HUD home is to get a home inspection. Home inspections are optional but it is always in your best interest to get a home inspection. A home inspection will tell you about the condition of the physical structure, the mechanical systems, and construction of a home. It aids in identifying the age of major structures/ systems and it gives you an idea of how much longer you can expect them to last. It will identify items that may need to be repaired or replaced. Although an inspection may find issues with the home, HUD homes are sold strictly as-is meaning that no repairs will be made to the home.
When buying a HUD home, your home inspection will need to be completed within 15 days of ratification. Home inspections on a …show more content…
The contact information for the field service manager is found under the Agent tab of the property on Hudhomestore.com. Once you have the approval to turn on utilities, contact your local utility providers to have the necessary utilities activated for up to 72 hours. Your agent will need to be present during utility activation and during the home inspection. As the purchaser, you are responsible for ensuring that no damage is done to the property by activating the utilities or during the home inspection. Once your home inspection is complete, have the utilities turned off. Your agent should notify the field service manager to re-winterize the property.
If you are obtaining a mortgage to purchase your HUD home, then an appraisal will be required by your lender. The appraisal must be completed during the 72 hours that utilities are active. An appraisal is different from a home inspection because determines the market value of the property; whereas, the inspection determines the condition of the property. The appraisal is also paid for by the
When buying a HUD home, your home inspection will need to be completed within 15 days of ratification. Home inspections on a …show more content…
The contact information for the field service manager is found under the Agent tab of the property on Hudhomestore.com. Once you have the approval to turn on utilities, contact your local utility providers to have the necessary utilities activated for up to 72 hours. Your agent will need to be present during utility activation and during the home inspection. As the purchaser, you are responsible for ensuring that no damage is done to the property by activating the utilities or during the home inspection. Once your home inspection is complete, have the utilities turned off. Your agent should notify the field service manager to re-winterize the property.
If you are obtaining a mortgage to purchase your HUD home, then an appraisal will be required by your lender. The appraisal must be completed during the 72 hours that utilities are active. An appraisal is different from a home inspection because determines the market value of the property; whereas, the inspection determines the condition of the property. The appraisal is also paid for by the