I spent a good part of today at a home inspection in Aurora. My buyer is purchasing a home for sale “as-is”. Thus, the seller won’t fix any issues, but my buyer can back out of the deal, if the inspection reveals more issues than the buyer is willing to accept.
The house was foreclosed on a couple of years ago so it’s now owned by the lender. To minimize the risk of damage to the vacant house, the lender had the house winterized. When a house is winterized, the water pipes are emptied and anti-freeze is put in the traps including sinks, showers and toilets. Toilets are often taped closed as shown left.
Unfortunately, we couldn’t complete the inspection today. The plumber who tried to de-winterized the house so the plumbing could be checked discovered that the water was turned off by the city of Aurora. Apparently, the seller is behind on paying the water bill!
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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We recently purchsed a bank-owned property in the city which was winterized. It was an amazing hassle to get the seller to de-winterize for a full inspection, and in the end, we moved forward with a credit that was based on best-guess because they never completed the de-wint.
Buyers should know these purchases can take 3-4x as long as a normal purchase!
Andy
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