Sold As-Is - What to look for..

[Brian Ellis]

Hello Everyone,

I had my first offer on a duplex accepted last Friday. Im really excited everything seems to be falling into place! Id like to first thank everyone here on BP and mostly @JD Martin for all his help through his online business. I was able to gain a lot of knowledge in a short period of time and im grateful for that.

This duplex is being sold as is through the courts. So I did some research on Zoning, it is zoned for a multiple-occupancy (square footage isn't enough but since it is grandfathered in so im ok). Then I called the town collectors office and found out there is a $1500 outstanding tax bill due from 2018, and a $610 water/sewer bill. I was really bummed out to hear this because im not sure I can afford the extra 2k (looks like im eating ramen noodles for the next couple months). 

Im going to have the inspection done Friday, and im aware of the work that is needed. I have experience gutting my first home and have practically fixed everything all the way to the studs. But I figured im better off getting it anyway.

My question is if anyone can point out any other issues that could possibly come up with a sold as-is property? The house looks to be in good shape other than some cosmetics. 

Thank you everyone

Brian

[Wayne Brooks]

Seems like you have it covered. Almost all properties are sold as is. Make sure you have a title search done and get title insurance.