One
of the biggest issues I see in buying a foreclosed home in the Tigard,
Oregon,
real estate market is you don’t have anyone protecting you
if you don’t
protect
yourself. This doesn’t seem right, especially if you hired a real
estate agent.
However, there are some things even your agent may not think of, or may
not be
able to tell you, so this is where you need to protect yourself.
The first thing is your
agent can’t tell you how safe the neighborhood
is, that
is for you to decide. I suggest you check out the police
websites and
do a thorough
search of past crimes in the area and see if there is a lot of personal
property crime. (Car break-ins, house break-ins…)
But,
and this is the big one, this is the one that you absolutely have to do
yourself and you have to do it before you even consider
closing on a
home or it
could cost you hundreds of thousands of dollars. This is where I’m
telling you
to protect yourself when buying a foreclosed home especially.
Every home that you buy
in short sale or on the regular market comes
with a
disclosure form from the seller, but what about the bank?
The bank
doesn’t have
to do a disclosure form. They are exempt from the disclosure laws. So,
what is
your Tigard, OR. real estate home hiding that the bank doesn’t have to
tell
you?
Your
home could have been a drug house and used for manufacturing drugs and
could be
hazardous to you and your family’s health. You may not
find out for
years why
your family keeps getting sick. You may only find out after the doctors
tell
you what they think the symptoms are.
So, why was the home
foreclosed? Are the owners in jail for drugs and
drug
making? You better know before you close on that house, or you might
find out
your $250,000 home could be worth $100,000 and your family’s health
will be at
risk! Now, if the owners weren’t arrested for it, there may be no
record of it,
and you may want to have an independent test of the house to see if
there are
any signs of drugs in the house.
Protect yourself and your family when buying that foreclosed property in Tigard, Oregon, or you could be sorry.
Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739
©2009 Todd Clark - Tigard Oregon Real Estate and More: Don’t forget to protect yourself when buying a foreclosed home!
Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573
I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.
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This is good advice. It also helps to have a neighborhood expert who is familar with the area and its surroundings.
Hi Todd....Some Great Points for Unwary Home Buyers to be on guard for.
Cheers, thanks for sharing :O)
Great warning. Great graphic. Flagged for feature. Filed for training.
Great advice and not really a popular topic of concern for foreclosure buyers. .. great post!
There needs to be due diligence in all foreclosures. I try and do the research for my clients but a thorough inspection is a must do.
Good information. We often think that those things can't happen in our neighborhood ... but they do. Thanks for the awareness.
I just had some folks buy a house, but not check the neighborhood. They have 6 kids and 3 houses down is a registered pedophile. Needless to say, it cost them sooooooooooooooo much $$$$$$$$$ to protect their children when all they had to do was check it up front. I'm withya here.
Todd
Good solid and sound advice for anyone buying a foreclosed home.