Remove Due diligence Remove FHA loan Remove Inspection contingency Remove Renovation
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13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. Bank-owned homes may not be the best-staged or the most recently renovated. Make sure the offer includes any important contingencies, such as an inspection contingency.

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How to Buy a Home As-Is and Make Sure You’re Protected

HomeLight

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. USDA loans.

As-is 71
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Selling a House ‘As Is’ in Connecticut

HomeLight

Buyers are still going to do their inspection, they’re going to do their own due diligence and they are going to be paying their inspector. One inspector might make a bigger issue out of something then another inspector is going to do,” so Auslander doesn’t always recommend getting a pre-listing inspection.

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