What does it mean when a property is sold “As is”?
I wrote a post a month or so ago talking about the benefits of a real estate team. Many folks, when they think of a team, imagine multiple real estate agents working together. In some cases yes. In my case, no. One member of my team is Matt Sorensen, owner of West Coast Home Inspections. If you live in Gig Harbor, Tacoma, really anywhere in Pierce County, Matt can be an invaluable asset.
Matt recently sent me this assessment of bank-owned homes in the area. It’s an interesting thought.
It has been an interesting summer season for us here at WestCoast Home Inspection as it has been for most of you. One bright side to the current market is bank owned properties and investment groups. We have looked at an awful lot of bank owned properties this year and they all seem to say the same thing- sold as is-. This is not necessarily true. We have seen the banks make repairs or concessions time and time again especially if the needed repairs are a safety concern, structural issue or major system failures. Investors also are buying. There are some pretty good deals out there. For investors inspections are a good investment. Anytime you can trade a few hundred dollars for, on average, ten times the return it just makes sense. I have been reading The Millionaire Real Estate Investor lately and it preaches over and over that you make your money going into a purchase not on the other end. We can definitely help with that. Give us a call and let us help make your clients some money.
Sincerely, Matt Sorensen WestCoast Home Inspection 253-380-2922
If you’d like more information on bank-owned properties in the Gig Harbor or Tacoma areas, or if you’re interested in learning more about the benefits of a home inspection (even new construction homes should be inspected!), give me a call. I’d be interested in hearing any of your stories of home inspections!
