Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago on . Most recent reply
If a seller states "SELLER WILL NOT ACTIVATE ANY UTILTIES"...
If a seller states "SELLER WILL NOT ACTIVATE ANY UTILTIES" in the description on Trulia.com, does this mean they will not even activate them for inspection after a contract is agreed upon? If so, it's not even worth looking at this property right? This is a bank owned property.
Thanks for any insight!
Edie
Most Popular Reply
I have bought 3 REOs. None of the utilities were ever turned on at all during the buying process.
In all 3 instances there has been something that we didn't plan for go wrong.
My advice would be to make a very conservative offer and maybe none at all depending on your experience level and appetite for risk.
- Michael Noto